An Act promoting financial literacy, wealth-building, and economic opportunity for all
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill aims to improve financial literacy, encourage wealth-building, and expand economic opportunities for residents of Massachusetts. It seeks to provide resources and support to help individuals manage their finances effectively and achieve greater economic stability. The legislation intends to address systemic barriers to financial well-being and promote equitable access to economic opportunities. It is part of a series of bills focused on financial issues.
Key provisions
- Establish a financial literacy education program for schools.
- Create a statewide financial counseling network.
- Promote access to affordable financial products and services.
- Support initiatives to increase homeownership opportunities.
- Provide resources for small business development and financial planning.
- Expand access to banking services in underserved communities.
- Require financial institutions to offer financial education materials.
- Establish a task force to study and recommend policies related to financial inclusion.
Who is affected
- Massachusetts residents
- Students
- Low- and moderate-income individuals
- Small business owners
- Financial institutions
Notable changes
- The bill is part of a series of related legislative efforts focused on financial literacy and economic opportunity.
Bill text
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Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Cosponsors
Patrick Joseph Kearney
Arguments
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