Future Bill
Black Wealth Restoration and Baby Bonds Act
The racial wealth gap continues to widen due to generational disparities in assets, inheritance, and access to capital.
Priority
High
Status
Idea
Target Area
Economic Justice
Linked Bills
1
Linked Explainers
3
Impact Context
This proposal targets Economic Justice and is framed around the unresolved harm or gap described below.
Problem
The racial wealth gap continues to widen due to generational disparities in assets, inheritance, and access to capital.
Proposed Solution
Create federally funded trust accounts for children born into low-wealth households, with enhanced benefits for historically disadvantaged communities to support education, homeownership, and business formation.
Evidence and Linked Records
H.R. 1041 · American Opportunity Accounts Act
In Committee • Federal • Rep. Pressley, Ayanna [D-MA-7] • Feb 14, 2023
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Sources
Federal • Congress.gov • Feb 14, 2023
Corrected replacement for prior mismatched tracked bill.