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GA SR757
Resolution
Status
Introduced
3/8/2024
Primary Sponsor
Tonya Anderson
Click for details
AI Summary
- Creates the Senate Study Committee on the Establishment of a Baby Bonds Program to examine the feasibility, structure, and potential return on investment of providing state-funded trust accounts to children born in Georgia whose births were covered or eligible for coverage by Medicaid
- Trust funds would be accessible after the child turns 18 and restricted to postsecondary education, home purchase, business formation, or other asset-building purposes, modeled after similar programs in Connecticut and Washington
- Committee shall consist of 5 Senate members appointed by the President of the Senate, who also designates the chairperson
- Committee members may receive legislative allowances for up to 5 days unless additional days are authorized, with funding from Senate appropriations
- Committee shall stand abolished on December 1, 2024, and must file any approved report with the Secretary of the Senate prior to that date
Legislative Description
Senate Study Committee on the Establishment of a Baby Bonds Program; create
Last Action
Senate Read and Referred
3/11/2024
Committee Referrals
Children and Families3/11/2024
Full Bill Text
No bill text available