An Act preventing funds deposited in children’s savings accounts from counting against cash assistance benefits
Generates a plain-language summary of the bill text and history.
| Date | Branch | Action |
|---|---|---|
| 12/31/2025 | House | Accompanied a study order, see H4883↗ |
| 7/22/2025 | Joint | Hearing rescheduled to 07/22/2025 from 01:00 PM-03:15 PM in A-1 and Virtual — Hearing updated to New End Time |
| 7/11/2025 | Joint | |
| 2/27/2025 | Senate | Senate concurred |
| 2/27/2025 | House | Referred to the committee on Children, Families and Persons with Disabilities |
No additional cosponsors.
| Committee | Recommendation | Vote |
|---|---|---|
| J13 | Accompanied | — |
Notwithstanding any general or special law or regulation to the contrary, the department of transitional assistance shall allow funds deposited by a recipient of cash assistance under transitional aid to families with dependent children in an account designated in a child’s name intended to pay for higher education such as a children’s savings account or other long-term asset-building account established for a child and annually grown over the course of his or her lifetimes to accumulate assets outside of the asset limit in said accounts. The funds deposited in said accounts shall be used to help recipients save for the costs related to higher education or any other expense that the department determines will aid a recipient. The funds deposited in said accounts shall not be included as a countable asset under 106 CMR 204.120.
This act shall take effect upon its passage.
SECTION 1. Notwithstanding any general or special law or regulation to the contrary, the department of transitional assistance shall allow funds deposited by a recipient of cash assistance under transitional aid to families with dependent children in an account designated in a child’s name intended to pay for higher education such as a children’s savings account or other long-term asset-building account established for a child and annually grown over the course of his or her lifetimes to accumulate assets outside of the asset limit in said accounts. The funds deposited in said accounts shall be used to help recipients save for the costs related to higher education or any other expense that the department determines will aid a recipient. The funds deposited in said accounts shall not be included as a countable asset under 106 CMR 204.120. SECTION 2. This act shall take effect upon its passage.