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Press Release

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

Treasurer Goldberg and Office of Economic Empowerment to Support Baby Bonds Legislation in Massachusetts
For immediate release:
10/24/2023
  • Office of State Treasurer and Receiver General Deborah B. Goldberg
  • Office of Economic Empowerment

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

Andrew Napolitano, Communications Director, Office of State Treasurer and Receiver General

Office of Economic Empowerment

BostonState 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 

 

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

  • Office of State Treasurer and Receiver General Deborah B. Goldberg 

    Our mission at the Office of the State Treasurer and Receiver General of Massachusetts is to prudently manage and safeguard the state's public deposits and investments through sound business practices for the exclusive benefits of our citizens, and perform these duties with integrity, excellence, and leadership.
  • Office of Economic Empowerment 

    The Office of Economic Empowerment (OEE) is a department of State Treasurer and Receiver General Deborah B. Goldberg tasked with offering free and accessible financial education, promoting wage equality, and creating a bright future for children across the state.
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