Booker committed to enacting the American Opportunity Accounts Act ('Baby Bonds'), which would create a federally managed savings account seeded with $1,000 for every American child at birth, with additional annual deposits scaled to family income, accessible at age 18 for uses such as homeownership and higher education.
Stated position. What this official has said they believe on this issue — a sourced claim, shown distinctly from any assessment of what they did. It is never scored and never affects the Integrity Score.
Derived from a tracked promise: “Booker committed to enacting the American Opportunity Accounts Act ('Baby Bonds'), which would create a federally managed savings account se…”
Sources
- Office of U.S. Senator Cory Booker (booker.senate.gov)https://www.booker.senate.gov/news/press/booker-pressley-reintroduce-bicameral-baby-bonds-legislation-to-tackle-wealth-inequality ↗
“'Baby Bonds' would fix our broken tax code by providing every American child with startup capital for their life, and helping to drive down the wealth inequality that holds American families back from their full potential.”