Baby Bonds Around the U.S.
The following states have Baby Bonds legislation enacted, in process, or under consideration.
California
- In California, a pilot program exists for children who lost a primary caregiver to COVID-19 or have long term stays in the state’s foster care system, but the distribution amount is yet to be determined, and there are no current use restrictions. Over time, CA leaders aim to build out a full Baby Bond program.
- State Treasurer Fiona Ma Appoints Kasey O’Conner as the First Executive Director of the California HOPE for Children Trust Account Program (California State Treasurer's Office)
- Interested in Baby Bonds? ECPCA Has You Covered (End Child Poverty in California)
- California to Give “Baby Bonds’ to Children Who Lost Parent or Guardian to COVID (PBS NewsHour)
- Renowned New School Economist Darrick Hamilton Selected to Join New Advisory Workgroup on Ending Child Poverty in State of California (The New School)
Connecticut
- Raised Bill No. 6659: An Act Concerning the Establishment of the Connecticut Baby Bond Trust (2021)
- Senate Bill 384: An Act Implementing the Treasurer’s Recommendations Concerning the Connecticut Baby Bond Trust Program (2022)
- Hartford Foundation Testimony in Support of Senate Bill 384 (2022)
- CT State Treasurer Wooden Calls for Passage of Baby Bonds Bill (Westfair Business Journal)
- ‘A New American Birthright’: Baby Bonds Bill Sees Support from Elicker, State Officials (Yale Daily News)
- Baby Bonds Bill Passed to Aid Savings for Low-Income Families (CT Examiner)
- A Groundbreaking Connecticut Law Would Give a $3,200 Bond to Every Child Born into Poverty (The Lily)
- The First (Hopefully, of Many!) State Baby Bonds Program (Prosperity Now)
- State Launches Ambitious ‘Baby Bonds’ Program Targeted at Closing Racial Gap (Connecticut Public Radio)
- Connecticut Enacts First ‘Baby Bonds’ Legislation (Medill News Service)
- Experts: CT Baby Bond Program Provides Kinds Born into Poverty with Brighter Future (Connecticut Post)
- ‘Baby Bonds’ Program Delayed in Connecticut’s $24.2 Billion Budget (The Bond Buyer)
- Political Clashes Leave CT Baby Bonds Program in Limbo (CT Mirror)
- Baby Bonds Program on Hold Over a Year After Passing State Legislature (NBC Connecticut)
- Hugh Bailey: Baby Bonds Saga Shows Lamont’s Darker Side (Connecticut Post)
- Connecticut Baby Bonds Program Remains Stalled (CTNewsJunkie)
- Funding Baby Bonds Will Lift Many CT Residents from Poverty (CT Mirror)
- Government Lamont, Treasurer Russell, Legislative Leaders Announce Legislation Funding CT Baby Bonds (Office of Governor Ned Lamont)
- Connecticut Officials Reach Tentative Deal on ‘Baby Bonds’ (The Wall Street Journal)
- Connecticut’s $600 Million Plan to Narrow Wealth Gap: Give Kids Trust Funds (Bloomberg)
- What is CT’s Baby Bonds Program? Here’s What to Know (CT Mirror) May 22, 2023
- CT Officials Reach Agreement on Financing Baby Bonds Program (Connecticut Public Radio)
- Connecticut Baby Bonds: The Beginning of Bridging the Racial Wealth Divide? (National Community Reinvestment Coalition)
- Connecticut to Begin Baby Bond Program (The Bond Buyer)
- First Baby Born in CT Baby Bonds Program (Fox61)
Washington, D.C.
- D.C. Law 24-53: Child Wealth Building Act of 2021 (2021)
- Press Release: Councilmember McDuffie Unveils ‘Baby Bonds’ Legislation to Eliminate DC’s Racial Wealth Gap (The DC Line)
- $1,000-A-Year ‘Baby Bonds Created by the Council (Council of the District of Columbia)
- Low-Income D.C. Kids Will Get Up to $1,000 a Year Under New ‘Baby Bonds’ Program (NPR)
- DC Council Passes the Child Wealth Building Act and More! (ZERO TO THREE)
- DC’s Pioneering ‘Baby Bonds’ Plan Aims to Narrow Wealth
Gap (The Daily Record) - ‘Baby Bonds’ Programs Could Impact the Future of Low-Income Newborns (Denver7 News)
- D.C. Officials Admit They Defunded an Anti-Poverty Program by Mistake, Sparking Anger in D.C. Council (DCist)
Maryland
- Maryland Baby Bond Account Program (2021)
- Baby Bonds in Montgomery County, MD: Evaluating Impact, Cost, and Feasibility (2023)
- Md. Governor Candidates Pitch to Fight Poverty: Trust Funds for Babies (The Washington Post)
- Maryland Plans to Spend $1.2 Billion on Stadium Improvements for the Orioles and Ravens. How Much Money Is That Really? (The Baltimore Sun)
Massachusetts
- Baby Bonds Task Force Findings Report (2022)
- Senate Bill 1999: An Act Addressing the Racial Wealth Gap (2023)
- Treasurer Goldberg Announces Baby Bonds Task Force (Office of the Treasurer and Receiver General Deborah B. Goldberg)
- Local Financial Educator Intrigued by ‘Baby Bonds’ (Canton Citizen)
- ‘Baby Bonds’ Program Touted as a Way to Shrink the Wealth Gap in Massachusetts (WAMC)
- OTR: State Treasurer Discusses her Push for Baby Bonds in Massachusetts (WCVB)
- MA ‘Baby Bonds’ Bill Aims to Close Racial Wealth Gap (Public News Service)
- Massachusetts Lawmakers to Consider Baby Bond Bill (The Bond Buyer)
- Massachusetts Baby Bonds Legislative Briefing (Office of Economic Empowerment)
- How Baby Bonds Could Reduce Massachusetts’ Growing Wealth Gap (Massachusetts Budget & Policy Center)
Nevada
- Assembly Bill 28: Establishes the Nevada Baby Bonds Program (2022)
- “Baby Bond” Plan Creates Economic Opportunity (Darrick Hamilton op-ed in The Nevada Independent)
- State Treasurer Files Legislation to Tackle Racial Wealth Gap (KOLO ABC 8 News)
- State Treasurer Proposes Baby Bonds to Reduce ‘Prolonged Effects of Generational Poverty’ (Nevada Current)
- Baby Bonds: Nevada’s Solution for Economic Inequality? (ACLU of Nevada)
- Nevada Treasurer Seeks to Address Generational Poverty with Baby Bonds (The Nevada Independent)
- Baby Bonds in Nevada (The NewDEAL)
- Baby Bonds Bill Passes Out of Nevada Committee (2 News)
- Lawmakers Consider Awarding ‘Baby Bonds’ Through Lottery to Reduce Costs (The Nevada Independent)
- Executive Secretary-Treasurer Susie Martinez Testifies in Support of AB28, Emphasizes Benefits for Working Families (Nevada State AFL-CIO Press Release)
- Nevada Democratic Treasurer Proposes Baby Bonds Bill, Student Loan Repayment Program (KUNR)
- ‘Baby Bonds’ Bill Sets Out to Help Impoverished Families; Nevada Republicans Say It’s Unfair (Fox 5 Las Vegas)
New Jersey
- Assembly Bill 4638: New Jersey Baby Bond Account Program (2022)
- New Jersey Institute for Social Justice Baby Bonds Report (2023)
- Governor Murphy Highlights Baby Bonds Proposal in Revised FY 2021 Budget (State of New Jersey Press Release)
- $1,000 ‘Baby Bond’ Proposed in N.J. in Bid to Narrow the Wealth Gap (The New York Times)
- Why 'Baby Bonds' Didn't Make It into the NJ Budget, and What Happens Now (USA Today)
North Carolina
Washington
- Senate Bill 5125: Creating the Washington Future Fund Program (2023)
- Washington Future Fund Study Committee
- 2022 Washington Future Fund Committee Report
- Budget Funds Key First Step in State Treasurer's Wealth Gap Initiative (Office of Washington State Treasurer Mike Pellicciotti)
- To Address Wealth Gap, WA to Consider $4,000 ‘Baby Bonds’ (The Seattle Times)
- Washington Legislators Proposing ‘Baby Bonds’ (KHQ)
- ‘Baby Bond’ Proposal Would Benefit Nearly Half of All WA Newborns (KUOW)
- Washington Future Fund, or Baby Bonds, Is an Important Tool to Reduce Racial Wealth Inequities (Washington State Budget & Policy Center)
- WA State Baby Bond Program to Prevent Poverty (The News Tribune)
Wisconsin
- Proposed Baby Bonds Legislation (2021)
- Wisconsin Has One of the Largest Racial Wealth Gaps in the Country. Could 'Baby Bonds' Help Close It? (Milwaukee Journal Sentinel)
- Baby Bonds Providing Financial Leg Up for Young Adults (Wisconsin Public Radio)
Delaware
Georgia
Louisiana
- Louisiana Budget Project Research Analysis (2022)
- Louisiana OPH and DCHF Baby Bonds Feasibility and Benefits Report (2023)
New Mexico
Vermont