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Bill

HD 1887

An Act relative to fossil fuel free 529s

194th Legislature (2025-2026) Introduced by Jo Comerford and 4 co-sponsors

Massachusetts would create fossil fuel-free 529 college savings plans, allowing families to save for education while excluding fossil fuel industry investments.

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Bill Summary · HD 1887

Legislative bill overview

HD 1887 would establish "fossil fuel free" 529 college savings plans in Massachusetts, allowing families to invest in education savings accounts that exclude companies involved in fossil fuel production and distribution. The bill creates an investment option within the state's existing 529 plan that screens out energy sector holdings based on environmental criteria.

Why is this important

College savings plans affect millions of families saving for education costs, and directing investment capital away from fossil fuels could meaningfully redirect capital flows while allowing socially-conscious savers to align investments with their values. This represents a broader trend of states using public investment vehicles as policy tools for environmental goals, though its actual financial impact depends on adoption rates and market participation.

Potential points of contention

  • Investment performance concerns: Excluding major energy sector holdings may reduce diversification and potentially limit returns compared to traditional 529 plans, raising questions about whether families sacrifice financial outcomes for values alignment
  • Definition and scope disputes: Determining what constitutes "fossil fuel" involvement is complex—disagreement likely over whether companies with fossil fuel subsidiaries qualify, how to handle natural gas versus coal, and which industries get screened
  • Market and feasibility questions: Critics may argue the fund lacks sufficient investment options in a limited market, while supporters worry implementation costs or investment manager reluctance could prevent meaningful rollout

Compiled from official sources — confirm details with the bill’s official record.

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