The proposed bill establishes the "Washington is Simply Unaffordable Fund" aimed at assisting lower-income residents who wish to relocate to more affordable states due to the high cost of living in Washington. The legislature acknowledges that recent policies have contributed to the rising costs of essential goods and housing, disproportionately affecting working-class families. The fund will provide reimbursements for documented moving expenses to residents earning below 300 percent of the federal poverty level, provided they attest that their primary reason for moving is the unaffordability of living in Washington and that they relocate to a state with a better economic ranking.

Additionally, the bill appropriates $7,000,000 from the general fund for the fiscal year ending June 30, 2027, to support the Washington is Simply Unaffordable Fund. This financial backing is intended to facilitate the reimbursement process for eligible claimants, thereby addressing the financial burdens faced by those who can no longer afford to live in Washington.