SB 752 (Steingberg) CA KIDS Accounts

This measure would create the CA Kids program, providing a one-time, $500 deposit in an investment account at birth for the 560,000 children born in California each year. The state could match the savings of lower-income parents as they put aside money for their children. At just over $280 million for the first year, this relatively small investment - less than half a percent of the state's $100 billion dollar budget - would be transformative.