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 all residents of Massachusetts. It seeks to provide resources and programs that help individuals and families manage their finances effectively and achieve greater economic stability. The legislation focuses on promoting education and access to tools that support financial well-being. It is currently under review by the Senate Ways and Means Committee.
Key provisions
- Establish a statewide financial literacy initiative.
- Provide resources for wealth-building and asset accumulation.
- Expand access to financial counseling and education programs.
- Support programs aimed at reducing financial disparities.
- Promote financial education in schools.
- Create a task force to study and recommend policies related to economic opportunity.
Who is affected
- Residents of Massachusetts
- Low- and moderate-income individuals
- Families
- Students
- Seniors
Notable changes
- The bill's specific programs and initiatives will be determined through further legislative action and potential task force recommendations.
Bill text
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Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Joint Committee on Financial Services
Cosponsors
Patrick Joseph Kearney
Arguments
Reasons offered for and against this legislation.
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