Baby Bonds in Washington, D.C.

The Council of the District of Columbia passed a bill to create a Child Trust Fund Program in October 2021.

Legislation

D.C. Law 24-53: Child Wealth Building Act of 2021 (2021)

News and Resources

Washington Informer
The Collins Council Report: The Fiscal Year 2025 Budget Support Act
June 25, 2024

WAMU
In a Tight Budget Year, the D.C. Council Gives Final Approval to 2025 Budget
June 13, 2024

Washington City Paper
Mendelson Tries to Appease Progressives, End D.C.'s Sports Betting Mess With Budget Changes
May 29, 2024

DC Action
Baby Bonds: A New Public Investment Tool for Building Intergenerational Wealth
April 25, 2024

DCist
D.C. Officials Admit They Defunded an Anti-Poverty Program by Mistake, Sparking Anger in D.C. Council
April 12, 2023

Denver7 News
‘Baby Bonds’ Programs Could Impact the Future of Low-Income Newborns
November 10, 2022

The Daily Record
DC’s Pioneering ‘Baby Bonds’ Plan Aims to Narrow Wealth Gap
August 22, 2022

ZERO TO THREE
DC Council Passes the Child Wealth Building Act and More!
November 18, 2021

NPR
Low-Income D.C. Kids Will Get Up to $1,000 a Year Under New ‘Baby Bonds’ Program
October 21, 2021

Council of the District of Columbia
$1,000-A-Year ‘Baby Bonds Created by the Council
October 20, 2021

The DC Line
Press Release: Councilmember McDuffie Unveils ‘Baby Bonds’ Legislation to Eliminate DC’s Racial Wealth Gap
May 4, 2021