H 48
An Act establishing a Massachusetts Baby Bonds program
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- Passed House
- Passed Senate
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Bill overview
This bill proposed establishing a Massachusetts Baby Bonds program, modeled after similar initiatives in other states. The program would provide every newborn child with a savings account funded by the state, with the goal of increasing economic opportunity and reducing wealth inequality. Funds would be allocated to the accounts, potentially growing over time, and could be used for education, homeownership, or starting a business. Ultimately, the bill failed to pass.
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Primary sponsor
Office of the State Treasurer
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Bill H.48 194th (Current)
An Act establishing a Massachusetts Baby Bonds program
So much of the recommendations of the Department of the State Treasurer (House, No. 35) as relates to establishing a Massachusetts Baby Bonds program. Financial Services.
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Bill Information
Bill Information
Sponsor: Office of the State Treasurer Status: Referred to House Committee on Ways and Means
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Bill History Hearing Attendance
Bill History
Displaying 11 actions for Bill H.48
| Date | Branch | Action |
| 2/27/2025 | House | Referred to the committee on Financial Services |
| 2/27/2025 | Senate | Senate 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 |
| 1/15/2026 | House | Accompanied a study order, see H4929 |
| 1/15/2026 | House | Reported from the committee on House Rules |
| 1/15/2026 | House | Reported on the residue of H4929 |
| 1/15/2026 | House | Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling |
| 1/28/2026 | House | Accompanied by H4929 |
| 1/15/2026 | House | Bill reported favorably by committee and referred to the committee on House Ways and Means |
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