Treasurer Goldberg and Office of Economic Empowerment to Support Baby Bonds Legislation in Massachusetts

BOSTON – State Treasurer Deborah Goldberg and her Office of Economic Empowerment (OEE) will testify in support of House Bill 1157 and Senate Bill 1999, An Act addressing the racial wealth gap, at the Joint Committee on Financial Services hearing and the Joint Committee on State Administration and Regulatory Oversight’s hearing and on Tuesday, October 24. These bills aim to create a Baby Bonds program, which would establish an at-birth publicly funded trust fund for eligible Massachusetts children. Once recipients reach adulthood, funds can be used for asset-enhancing activities like pursuing post-secondary education, starting a business, or buying a home. This legislation represents a step toward narrowing the racial wealth gap.

Joint Committee on Financial Services Hearing

WHEN:  

Tuesday, October 24th, 2023 

TIME:  

10:00 a.m. 

WHERE:  

Online or In Person

Room A-2, Massachusetts State House

24 Beacon St, Boston, MA 02133

WHO:  

Deborah Goldberg, State Treasurer and Receiver General

The Office of Economic Empowerment

Lisa Wong, Chair of the Baby Bonds Task Force

Joe Diamond, Executive Director, MassCAP

Dr. Darrick Hamilton, Leading Scholar on Baby Bonds and Director of the Institute for the Study of Race, Stratification and Political Economy at The New School

Shira Markoff, Policy Fellow, Prosperity Now

Joint Committee on State Administration and Regulatory Oversight Hearing

WHEN:  

Tuesday, October 24th, 2023 

TIME:  

11:00 a.m. 

WHERE:  

Online or In Person

Gardner Auditorium, Massachusetts State House

24 Beacon St, Boston, MA 02133

WHO:  

Deborah Goldberg, State Treasurer and Receiver General

The Office of Economic Empowerment