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H 4303

An Act supporting seniors' financial stability

194th Legislature (2025-2026)

Establish ongoing State Treasurer–led development and updating of a standardized curriculum to boost seniors’ financial literacy and stability.

Bill reported favorably by committee and referred to the committee on House Ways and Means
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Bill Summary · H 4303

Summary: H.4303 — An Act supporting seniors' financial stability

Date introduced: July 28, 2025
Status: Reported favorably by the Committee on Aging and Independence; referred to the Committee on House Ways and Means
Bill in the 194th General Court (2025-2026)

Purpose and intent

H.4303 would add a new provision to Chapter 10 of the General Laws to strengthen older adults’ financial literacy and stability. The core idea is to establish ongoing State government leadership and coordination to develop educational content that helps seniors manage finances, plan for retirement, avoid scams, and improve long-term financial security.

Key provisions

  • Insertion of a new Section 79 after Section 78 in Chapter 10:

    • The Office of the State Treasurer must develop and periodically review and update a model curriculum designed to support seniors’ financial literacy and stability.
    • The curriculum development must be done in consultation with:
    • Executive Office of Elder Affairs
    • Massachusetts Councils on Aging
    • AARP Massachusetts

  • Nature of the requirement:

    • Create a model curriculum that can be used to educate seniors and potentially inform programs across state agencies and partner organizations.
    • Require ongoing periodic review and updates to keep content current.

Who is affected

  • Primary entity: Office of the State Treasurer (responsible for developing and maintaining the curriculum)
  • Consultative bodies: Executive Office of Elder Affairs, Massachusetts Councils on Aging, AARP Massachusetts
  • Beneficiaries: Seniors and older adults in Massachusetts who participate in or are served by elder services and related programs

Implementation and timing

  • The bill establishes an ongoing obligation for curriculum development and periodic updates; it does not specify fixed completion dates or funding appropriations.
  • Effective date and any funding implications are not stated in the text provided; typically would be determined upon enactment and any related appropriations would follow separate fiscal actions.

Legislative history and actions

  • July 28, 2025: Reported from the Committee on Aging and Independence
  • July 28, 2025: New draft referenced as H.777
  • July 28, 2025: Bill reported favorably by the committee and referred to the Committee on House Ways and Means

Potential impact and considerations

  • Administrative impact: Requires coordination among state agencies and non-profit partners; potential need for staff time and resources in the Treasurer’s Office to develop and update curricula.
  • Programmatic impact: Could lead to standardized materials, trainings, and outreach aimed at improving financial literacy for seniors, as well as informing elder services programming.
  • Fiscal considerations: No explicit funding authorization; potential future appropriations could be needed to develop and disseminate curricula at scale.

This bill focuses on proactive education to enhance financial stability for Massachusetts seniors by establishing a structured, consultative process led by the State Treasurer.

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

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