Sen. Cory Booker and Rep. Ayanna Pressley.Anna Moneymaker/Getty Images Rep. Ayanna Pressley and Sen. Cory Booker urged the Treasury Department to support their "Baby Bonds" legislation. The bill would give babies $1,000 at birth, with additional contributions each year depending on family income. They argued it would advance racial equity and ensure financial security at birth. Two Democratic lawmakers want to put every American on the right financial track — at birth. On Wednesday, Massachusetts Rep. Ayanna Pressley and New Jersey Sen. Cory Booker sent a letter, first viewed by Insider, to the Treasury Department’s chair and vice chair of its Advisory Committee on Racial Equity (TACRE), Michael Nutter and Felicia Wong, respectively — and they urged the two officials to support their "Baby Bonds" legislation. Last month, the two Democratic lawmakers reintroduced the American Opportunity Accounts Act, which would give every child a savings account of $1,000 at birth, also known as Baby Bonds. The account would receive additional deposits each year depending on the child’s family income, and when the child turned 18, they would be able to access the funds. "This policy would provide every child in America with unprecedented opportunity for financial security," Pressley and […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
