S737
An Act to promote economic mobility through matched savings
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill aims to help Massachusetts residents achieve greater economic mobility by establishing a matched savings program. The program would provide individuals with matching funds when they save for specific goals, such as a down payment on a home, education, or starting a business. It’s designed to help low- and moderate-income families build financial stability and opportunity. The bill has been referred to the Senate Committee on Ways and Means and a hearing is scheduled.
Key provisions
- Creates a matched savings program.
- Provides matching funds for savings towards designated goals.
- Targets low- and moderate-income individuals.
- Focuses on goals such as homeownership, education, and business development.
- Referenced to the Senate Committee on Ways and Means
Who is affected
- Low- and moderate-income residents of Massachusetts
- Individuals seeking to improve their financial stability
- Families saving for specific goals
Notable changes
- Establishes a new state-sponsored savings program.
- Offers a matching incentive to encourage savings.
Sponsors
Official sponsors from legislative records.
Primary sponsor
James B. Eldridge
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.
Bill S.737 194th (Current)
An Act to promote economic mobility through matched savings
By Mr. Eldridge, a petition (accompanied by bill, Senate, No. 737) of James B. Eldridge for legislation to promote economic mobility through matched savings. Financial Services.
View Text Print Preview Download PDF
Bill Information
Bill Information
Presenter: James B. Eldridge Status: Referred to Senate Committee on Ways and Means
Tabs
Bill History Petitioners Committee Vote Committee Summary Primary Sponsor Summary
Bill History
Displaying 6 actions for Bill S.737
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on Financial Services |
| 2/27/2025 | House | House concurred |
| 10/21/2025 | Joint | Hearing scheduled for 10/30/2025 from 10:30 AM-01:00 PM in A-2 |
| 10/30/2025 | Joint | Hearing rescheduled to 10/30/2025 from 10:30 AM-04:00 PM in A-2 Hearing updated to New End Time |
| 10/30/2025 | Joint | Hearing rescheduled to 10/30/2025 from 10:30 AM-02:00 PM in A-2 Hearing updated to New End Time |
| 1/8/2026 | Senate | Bill reported favorably by committee and referred to the committee on Senate Ways and Means |
Similar Bills
S.628 193rd (2023 - 2024)
An Act to promote economic mobility through matched savings
H.1511 194th (Current)
An Act establishing the Massachusetts rental assistance and financial stability program
S.471 194th (Current)
An Act supporting seniors’ financial stability
H.4303 194th (Current)
An Act supporting seniors' financial stability
H.4720 194th (Current)
An Act relative to the Athol-Royalston Regional School District Financial Stability Fund
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.