On behalf of the Black and Puerto Rican Caucus, we are extremely pleased that the Baby Bonds bill has become law. We are very excited to see how many of those in poverty, will reap the benefits of this very important piece of legislation. This is a small step in closing the generational education and wealth gaps that have blocked so many from accessing equity and the American Dream. A first in the nation program, the measure has the state issue a bond to babies born in poverty, so they have a type of future savings account. Learn more about the program here.
