Amendment #634 to H3800

Children’s Savings Accounts

Ms. Tyler of Boston moves to amend the bill in section 34, in subsection (b), by inserting after the word “resources”, in line 579, the following words:-

“; and provided further, that the value and balance of any 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 lifetime shall be excluded from the family’s countable resources”

Additional co-sponsor(s) added to Amendment #634 to H3800

Children’s Savings Accounts