1 of 1 HOUSE DOCKET, NO. 519 FILED ON: 1/9/2025 HOUSE . . . . . . . . . . . . . . . No. 288 The Commonwealth of Massachusetts _________________ PRESENTED BY: Chynah Tyler _________________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court assembled: The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: An Act preventing funds deposited in children’s savings accounts from counting against cash assistance benefits. _______________ PETITION OF: NAME:DISTRICT/ADDRESS :DATE ADDED:Chynah Tyler7th Suffolk1/9/2025 1 of 2 HOUSE DOCKET, NO. 519 FILED ON: 1/9/2025 HOUSE . . . . . . . . . . . . . . . No. 288 By Representative Tyler of Boston, a petition (accompanied by bill, House, No. 288) of Chynah Tyler relative to preventing funds deposited in children’s savings accounts from counting against cash assistance benefits. Children, Families and Persons with Disabilities. [SIMILAR MATTER FILED IN PREVIOUS SESSION SEE HOUSE, NO. 221 OF 2023-2024.] The Commonwealth of Massachusetts _______________ In the One Hundred and Ninety-Fourth General Court (2025-2026) _______________ An Act preventing funds deposited in children’s savings accounts from counting against cash assistance benefits. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: 1 SECTION 1. Notwithstanding any general or special law or regulation to the contrary, 2the department of transitional assistance shall allow funds deposited by a recipient of cash 3assistance under transitional aid to families with dependent children in an account designated in a 4child’s name intended to pay for higher education such as a children’s savings account or other 5long-term asset-building account established for a child and annually grown over the course of 6his or her lifetimes to accumulate assets outside of the asset limit in said accounts. The funds 7deposited in said accounts shall be used to help recipients save for the costs related to higher 8education or any other expense that the department determines will aid a recipient. The funds 9deposited in said accounts shall not be included as a countable asset under 106 CMR 204.120. 2 of 2 10 SECTION 2. This act shall take effect upon its passage.