HB 5697 - Baby Bonds Program

• Establishes a baby bonds program providing each child born in Connecticut with an initial $2,500 bond at birth.

• Adds $1,000 annually to each child's bond account from birth through age eighteen.

• Bonds are held in trust by the state and become available to the child upon reaching eighteen years of age.

• Purpose is to provide financial security for children as they transition into adulthood.