Creates a producer managed and funded product stewardship program to collect and dispose of unwanted residential drugs.

Requires every producer of covered products sold in or into the state to participate in the program by January 1, 2010.

Provides that a producer or group of producers who operates or wishes to operate a product stewardship program, or a stewardship organization that operates or wishes to operate a program on a producer's behalf, must submit a plan.

Provides that the Washington state board of pharmacy and the department of ecology may adopt any rules necessary to enact, implement, administer, and enforce this act.

Creates the pharmaceutical product stewardship programs account.