S 2146
An Act establishing a Massachusetts Baby Bonds program
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill proposes establishing a Massachusetts Baby Bonds program, designed to address the state’s racial wealth gap by providing every child born in Massachusetts with a savings account. Funds would be deposited into these ‘baby bonds’ accounts, with the amount potentially increasing over time, particularly for children from low-income families. The goal is to help families build wealth and create a more equitable financial future for the next generation. The program would be overseen by the state’s administration and regulatory oversight agencies.
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Primary sponsor
Paul R. Feeney
Cosponsors
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