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Bill

A 7415

Establishes a baby bond pilot program for foster youth; appropriation

2025 Regular Session Introduced by Khaleel Anderson

Establishes a baby bond pilot program for foster youth and provides an appropriation to fund it.

REFERRED TO CHILDREN AND FAMILIES
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WeVote Research Nonpartisan
Bill Summary · A 7415

Summary: Bill A 7415 — Establishes a Baby Bond Pilot Program for Foster Youth; Appropriation

Bill at a glance

  • Bill Number: A 7415
  • Title/Purpose: Establishes a baby bond pilot program for foster youth; includes an appropriation.
  • Status: Referred to the Committee on Children and Families
  • Introduced: March 25, 2025
  • Sponsor (primary): Khaleel Anderson

What the bill would do

  • Create a pilot program described as a “baby bond” initiative targeted at foster youth.
  • Provide an appropriation to fund the pilot program.
    ※ The available information does not include specific details on eligibility criteria, funding levels, payout rules, administration, or evaluation metrics. Those elements would typically be established in accompanying language, rules, or later amendments.

Key provisions (as indicated by the bill’s title)

  • Establishment of a pilot program to support foster youth through a “baby bond” mechanism.
  • Legislative authorization of funds to support the pilot (appropriation).

Who would be affected

  • Primary beneficiaries: Foster youth who participate in or qualify for the baby bond pilot.
  • Potentially affected agencies or offices responsible for administration, oversight, and implementation (not specified in the provided content).

Fiscal and procedural notes

  • The bill explicitly includes an appropriation, indicating a fiscal impact intended to fund the pilot program.
  • Procedural status shows the bill was introduced on March 25, 2025 and immediately referred to the Committee on Children and Families. The version content lists two identical referral actions, suggesting standard committee referral rather than additional actions; no further committee actions or votes are documented in the provided materials.

Timeline and next steps

  • Next anticipated steps (typical): Committee hearings and votes, potential amendments, fiscal note analysis, and eventual floor consideration. If advanced, the bill would proceed to additional committees or the full chamber(s) for debate and passage.
  • Watch for updates: Any formal text detailing eligibility, funding amounts, administration (e.g., who would manage accounts), payout conditions (e.g., age of withdrawal), and performance measures.

Potential considerations for readers

  • How the baby bond funds would be structured (accounts, investment vehicles, guarantees).
  • Eligibility rules for foster youth and whether participation is voluntary.
  • Governance and administration (which state department or agency leads implementation, and what oversight exists).
  • Long-term goals and evaluation framework to measure outcomes for beneficiaries.

This summary reflects the information available from the provided bill details. Further text from the bill or fiscal notes would clarify the program’s specifics.

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

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