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Kansas treasurer and advocates back bill to send newborns information on savings accounts
Summary
The Born to Invest Act (SB 304) would let the state treasurer receive limited birth data from vital records to mail or otherwise provide information about government‑administered savings accounts (529, 529A/ABLE and the account described in testimony as a 'Trump' account) to parents; proponents say early outreach boosts long‑term financial outcomes, while committee members pressed for privacy opt‑out options and interagency details.
The Kansas Senate Education Committee heard testimony supporting Senate Bill 304, the Born to Invest Act, which would authorize the state treasurer to receive specified birth‑record data from the registrar of vital statistics in order to distribute informational materials about government‑administered savings accounts to parents.
Tamara Lawrence, the committee reviser, told senators the bill would permit the registrar to provide data on children born in Kansas before July 1, 2026, who are currently eligible for these accounts and on children born on or after July 1, 2026. The bill requires data to be submitted in a secure electronic manner consistent with state and federal law and says nothing in the section authorizes disclosure of confidential or protected records.
Kansas State Treasurer Stephen Johnson said the measure would expand the treasurer’s financial‑literacy outreach. He described existing tools — 529 college‑savings plans, 529A (ABLE) accounts for…
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