AARP Washington Advocacy Hub

AARP is a nonprofit, nonpartisan organization that empowers people to choose how they live as they age. We're advocating for what is important to our members and giving you a voice at the state and federal levels.

FINANCIAL RESILIENCE

Crypto ATM Consumer Protection

To crack down on crypto ATM scams, AARP will work with Washington's Department of Financial Institutions to pass legislation that would put some guardrails around the use of crypto ATMs. Crypto ATMs look and operate like bank ATMs and are found in grocery stores, convenience stores, gas stations, restaurants, and other spots across the state. Criminals use these kiosks to target victims who may be unfamiliar with how they work.

We will work to implement consumer protections policies like, requiring ATM operators to post warnings about potential fraud, limits daily transaction amounts for new customers, and establish a regulating agency withing Washington state.

Retirement Savings Bills (working title: Washington Saves)

Washington Saves was signed into law after the 2024 legislative session. It will allow employees to grow their retirement savings through additional contributions and investment performance. Accounts will be portable and remain with the worker if they change employers. Employers would perform a limited administrative function by processing payments of eligible employees to the program's third-party administrator through their existing payroll system.

During the 2025 legislative session, we will begin building the infrastructure necessary to launch the program in 2027.