Bill
H 47
Overview: Bill Number: H 47, Title: An Act establishing an Office of Economic Empowerment, Status: Hearing scheduled for 10/14/2025 from 01:00 PM-05:00 PM in B-2, Introduced: Janua
Overview: Bill Number: H 47, Title: An Act establishing an Office of Economic Empowerment, Status: Hearing scheduled for 10/14/2025 from 01:00 PM-05:00 PM in B-2, Introduced: January 24, 2025, Classification: bill
Purpose and Intent: The primary goal of this bill is to establish a new state-level Office of Economic Empowerment to promote economic opportunities and address disparities for underserved communities.
Key Provisions:
- Creates the Office of Economic Empowerment as a new state agency or department.
- Charges the Office with developing and implementing programs, policies, and initiatives to:
- Increase access to financial education and services for low-income individuals and families.
- Support small business development and entrepreneurship in underserved communities.
- Promote workforce development and job training opportunities.
- Conduct research and data analysis on economic disparities and barriers to economic mobility.
Affected Parties and Impacts:
- Low-income individuals and families will have greater access to financial education and services to improve their economic well-being.
- Small businesses and entrepreneurs in underserved communities will benefit from targeted support and resources.
- Underemployed or unemployed individuals will have expanded access to job training and workforce development programs.
- The state government will gain a dedicated office focused on addressing economic disparities and promoting economic empowerment.
Procedural and Timeline Considerations:
- The bill is currently scheduled for a public hearing on October 14, 2025.
- If passed, the Office of Economic Empowerment would be established and begin operations upon the bill becoming law.
- Ongoing funding and staffing for the new office would need to be appropriated through the state's budgetary process.
Compiled from official sources — confirm details with the bill’s official record.
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