H 3429
An Act establishing a Massachusetts Baby Bonds program
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates a Massachusetts Baby Bonds program designed to help families build wealth from birth. The program will establish a trust fund, and eligible beneficiaries – likely those from low- and moderate-income families – will receive funds to use for education, housing, or starting a business. These ‘baby bonds’ are intended to address wealth inequality and provide a financial head start for future generations.
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Primary sponsor
Andres X. Vargas
Cosponsors
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