Economic Justice
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.
Topic
Economic Justice
The main issue area this future bill targets.
Latest Bill Update
Feb 14, 2023
Introduced in House
Sponsors and Scorecards
34
Linked legislators with scorecard records connected to this proposal.
Verification
1
Public source links pulled from linked bills and tracked actions.
Problem Statement
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.
How to Verify This Page
Start with the linked real legislation below, then open the bill sources, action updates, sponsor records, and explainers tied to this proposal.
Real Legislation
H.R. 1041 - American Opportunity Accounts Act
Context: Federal • House • 118th Congress
Introduced: Feb 14, 2023
Sponsor: Rep. Pressley, Ayanna [D-MA-7]
Latest Action: Referred to the House Committee on Ways and Means.
Action Date: Feb 14, 2023
Source: Congress.gov
American Opportunity Accounts Act This bill establishes tax-exempt American Opportunity Accounts to provide children at birth with a $1,000 savings account with annual contributions up to $2,000 depending on family income. The accounts are available to children at age 18 for specified purposes, including educational expenses, home ownership, and investment that provides long-term returns.
Corrected replacement for prior mismatched tracked bill.
View sponsors
Rep. Pressley, Ayanna [D-MA-7]
Primary Sponsor • D • MA
Del. Norton, Eleanor Holmes [D-DC-At Large]
Cosponsor • D • DC
Rep. Auchincloss, Jake [D-MA-4]
Cosponsor • D • MA
Rep. Barragan, Nanette Diaz [D-CA-44]
Cosponsor • D • CA
Rep. Beatty, Joyce [D-OH-3]
Cosponsor • D • OH
Rep. Blumenauer, Earl [D-OR-3]
Cosponsor • D • OR
Rep. Bowman, Jamaal [D-NY-16]
Cosponsor • D • NY
Rep. Bush, Cori [D-MO-1]
Cosponsor • D • MO
Rep. Carson, Andre [D-IN-7]
Cosponsor • D • IN
Rep. Carter, Troy [D-LA-2]
Cosponsor • D • LA
Rep. Casar, Greg [D-TX-35]
Cosponsor • D • TX
Rep. Clarke, Yvette D. [D-NY-9]
Cosponsor • D • NY
Rep. Cleaver, Emanuel [D-MO-5]
Cosponsor • D • MO
Rep. Courtney, Joe [D-CT-2]
Cosponsor • D • CT
Rep. Crockett, Jasmine [D-TX-30]
Cosponsor • D • TX
Rep. Davis, Danny K. [D-IL-7]
Cosponsor • D • IL
Rep. Dean, Madeleine [D-PA-4]
Cosponsor • D • PA
Rep. DeLauro, Rosa L. [D-CT-3]
Cosponsor • D • CT
Rep. Evans, Dwight [D-PA-3]
Cosponsor • D • PA
Rep. Jacobs, Sara [D-CA-51]
Cosponsor • D • CA
Rep. Jayapal, Pramila [D-WA-7]
Cosponsor • D • WA
Rep. Larson, John B. [D-CT-1]
Cosponsor • D • CT
Rep. Lee, Barbara [D-CA-12]
Cosponsor • D • CA
Rep. Lee, Summer L. [D-PA-12]
Cosponsor • D • PA
Rep. Meng, Grace [D-NY-6]
Cosponsor • D • NY
Rep. Moulton, Seth [D-MA-6]
Cosponsor • D • MA
Rep. Ocasio-Cortez, Alexandria [D-NY-14]
Cosponsor • D • NY
Rep. Omar, Ilhan [D-MN-5]
Cosponsor • D • MN
Rep. Phillips, Dean [D-MN-3]
Cosponsor • D • MN
Rep. Schakowsky, Janice D. [D-IL-9]
Cosponsor • D • IL
Rep. Slotkin, Elissa [D-MI-7]
Cosponsor • D • MI
Rep. Thompson, Bennie G. [D-MS-2]
Cosponsor • D • MS
Rep. Tlaib, Rashida [D-MI-12]
Cosponsor • D • MI
Rep. Watson Coleman, Bonnie [D-NJ-12]
Cosponsor • D • NJ
View linked legislator scorecards
Rep. Pressley, Ayanna [D-MA-7]
Primary Sponsor • House • D • MA
Net Impact
77.44
Del. Norton, Eleanor Holmes [D-DC-At Large]
Cosponsor • House • D • DC
Net Impact
76.80
Rep. Carson, André [D-IN-7]
Cosponsor • House • D • IN
Net Impact
63.36
Rep. Beatty, Joyce [D-OH-3]
Cosponsor • House • D • OH
Net Impact
56.32
Rep. Cleaver, Emanuel [D-MO-5]
Cosponsor • House • D • MO
Net Impact
56.32
Rep. Evans, Dwight [D-PA-3]
Cosponsor • House • D • PA
Net Impact
56.32
Rep. Thompson, Bennie G. [D-MS-2]
Cosponsor • House • D • MS
Net Impact
53.92
Rep. Omar, Ilhan [D-MN-5]
Cosponsor • House • D • MN
Net Impact
49.28
Rep. Tlaib, Rashida [D-MI-12]
Cosponsor • House • D • MI
Net Impact
49.28
Rep. Clarke, Yvette D. [D-NY-9]
Cosponsor • House • D • NY
Net Impact
47.52
Rep. Crockett, Jasmine [D-TX-30]
Cosponsor • House • D • TX
Net Impact
47.52
Rep. Davis, Danny K. [D-IL-7]
Cosponsor • House • D • IL
Net Impact
47.52
Rep. Dean, Madeleine [D-PA-4]
Cosponsor • House • D • PA
Net Impact
47.52
Rep. Lee, Summer L. [D-PA-12]
Cosponsor • House • D • PA
Net Impact
47.52
Rep. Schakowsky, Janice D. [D-IL-9]
Cosponsor • House • D • IL
Net Impact
47.52
Rep. Barragán, Nanette Diaz [D-CA-44]
Cosponsor • House • D • CA
Net Impact
40.48
Rep. Courtney, Joe [D-CT-2]
Cosponsor • House • D • CT
Net Impact
40.48
Rep. DeLauro, Rosa L. [D-CT-3]
Cosponsor • House • D • CT
Net Impact
40.48
Rep. Jacobs, Sara [D-CA-51]
Cosponsor • House • D • CA
Net Impact
40.48
Rep. Jayapal, Pramila [D-WA-7]
Cosponsor • House • D • WA
Net Impact
40.48
Rep. Moulton, Seth [D-MA-6]
Cosponsor • House • D • MA
Net Impact
40.48
Rep. Watson Coleman, Bonnie [D-NJ-12]
Cosponsor • House • D • NJ
Net Impact
40.48
Rep. Casar, Greg [D-TX-35]
Cosponsor • House • D • TX
Net Impact
33.44
Rep. Auchincloss, Jake [D-MA-4]
Cosponsor • House • D • MA
Net Impact
31.68
Rep. Meng, Grace [D-NY-6]
Cosponsor • House • D • NY
Net Impact
31.68
Rep. Ocasio-Cortez, Alexandria [D-NY-14]
Cosponsor • House • D • NY
Net Impact
31.68
Rep. Blumenauer, Earl [D-OR-3]
Cosponsor • House • D • OR
Net Impact
29.92
Rep. Larson, John B. [D-CT-1]
Cosponsor • House • D • CT
Net Impact
24.64
Rep. Bowman, Jamaal [D-NY-16]
Cosponsor • House • D • NY
Net Impact
22.88
Rep. Bush, Cori [D-MO-1]
Cosponsor • House • D • MO
Net Impact
22.88
Rep. Carter, Troy [D-LA-2]
Cosponsor • House • D • LA
Net Impact
22.88
Rep. Lee, Barbara [D-CA-12]
Cosponsor • House • D • CA
Net Impact
22.88
Rep. Phillips, Dean [D-MN-3]
Cosponsor • House • D • MN
Net Impact
22.88
Rep. Slotkin, Elissa [D-MI-7]
Cosponsor • House • D • MI
Net Impact
22.88
View action timeline
IntroReferral
Feb 14, 2023
Introduced in House
IntroReferral
Feb 14, 2023
Introduced in House
IntroReferral
Feb 14, 2023
Referred to the House Committee on Ways and Means.
Ways and Means Committee
Used in Explainers
Pull Yourself Up by Your Bootstraps vs. Policy Reality
Economic OpportunityThe phrase pull yourself up by your bootstraps is often used to argue that success depends only on individual effort. In practice, American economic mobility has always been shaped by law, public investment, land access, education policy, labor protections, and unequal access to government-backed opportunity.
The GI Bill: Opportunity, Access, and Unequal Outcomes
Economic OpportunityThe GI Bill is often cited as one of the most successful government programs in U.S. history, helping millions of veterans access education, housing, and economic mobility. However, access to these benefits was not equal in practice, particularly for Black veterans.
The Homestead Act and Unequal Access to Land
Economic OpportunityA look at how free land policy worked in practice and why Black Americans were often excluded from its benefits.
Linked Legislator Scorecards
Rep. Pressley, Ayanna [D-MA-7]
Primary Sponsor • House • D • MA
Net Impact
77.44
Del. Norton, Eleanor Holmes [D-DC-At Large]
Cosponsor • House • D • DC
Net Impact
76.80
Rep. Carson, André [D-IN-7]
Cosponsor • House • D • IN
Net Impact
63.36
Rep. Beatty, Joyce [D-OH-3]
Cosponsor • House • D • OH
Net Impact
56.32
Rep. Cleaver, Emanuel [D-MO-5]
Cosponsor • House • D • MO
Net Impact
56.32
Rep. Evans, Dwight [D-PA-3]
Cosponsor • House • D • PA
Net Impact
56.32
Rep. Thompson, Bennie G. [D-MS-2]
Cosponsor • House • D • MS
Net Impact
53.92
Rep. Omar, Ilhan [D-MN-5]
Cosponsor • House • D • MN
Net Impact
49.28
Rep. Tlaib, Rashida [D-MI-12]
Cosponsor • House • D • MI
Net Impact
49.28
Rep. Clarke, Yvette D. [D-NY-9]
Cosponsor • House • D • NY
Net Impact
47.52
Rep. Crockett, Jasmine [D-TX-30]
Cosponsor • House • D • TX
Net Impact
47.52
Rep. Davis, Danny K. [D-IL-7]
Cosponsor • House • D • IL
Net Impact
47.52
Rep. Dean, Madeleine [D-PA-4]
Cosponsor • House • D • PA
Net Impact
47.52
Rep. Lee, Summer L. [D-PA-12]
Cosponsor • House • D • PA
Net Impact
47.52
Rep. Schakowsky, Janice D. [D-IL-9]
Cosponsor • House • D • IL
Net Impact
47.52
Rep. Barragán, Nanette Diaz [D-CA-44]
Cosponsor • House • D • CA
Net Impact
40.48
Rep. Courtney, Joe [D-CT-2]
Cosponsor • House • D • CT
Net Impact
40.48
Rep. DeLauro, Rosa L. [D-CT-3]
Cosponsor • House • D • CT
Net Impact
40.48
Rep. Jacobs, Sara [D-CA-51]
Cosponsor • House • D • CA
Net Impact
40.48
Rep. Jayapal, Pramila [D-WA-7]
Cosponsor • House • D • WA
Net Impact
40.48
Rep. Moulton, Seth [D-MA-6]
Cosponsor • House • D • MA
Net Impact
40.48
Rep. Watson Coleman, Bonnie [D-NJ-12]
Cosponsor • House • D • NJ
Net Impact
40.48
Rep. Casar, Greg [D-TX-35]
Cosponsor • House • D • TX
Net Impact
33.44
Rep. Auchincloss, Jake [D-MA-4]
Cosponsor • House • D • MA
Net Impact
31.68
Rep. Meng, Grace [D-NY-6]
Cosponsor • House • D • NY
Net Impact
31.68
Rep. Ocasio-Cortez, Alexandria [D-NY-14]
Cosponsor • House • D • NY
Net Impact
31.68
Rep. Blumenauer, Earl [D-OR-3]
Cosponsor • House • D • OR
Net Impact
29.92
Rep. Larson, John B. [D-CT-1]
Cosponsor • House • D • CT
Net Impact
24.64
Rep. Bowman, Jamaal [D-NY-16]
Cosponsor • House • D • NY
Net Impact
22.88
Rep. Bush, Cori [D-MO-1]
Cosponsor • House • D • MO
Net Impact
22.88
Rep. Carter, Troy [D-LA-2]
Cosponsor • House • D • LA
Net Impact
22.88
Rep. Lee, Barbara [D-CA-12]
Cosponsor • House • D • CA
Net Impact
22.88
Rep. Phillips, Dean [D-MN-3]
Cosponsor • House • D • MN
Net Impact
22.88
Rep. Slotkin, Elissa [D-MI-7]
Cosponsor • House • D • MI
Net Impact
22.88
Sources
Federal • Congress.gov • Feb 14, 2023
Corrected replacement for prior mismatched tracked bill.
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