Comptroller - Baby Bond Account Program Study

HB 753 requires Maryland's Comptroller to study the feasibility of creating a state-funded "baby bond" program, which would provide financial assets to newborns or young children to help close wealth gaps. The study must examine existing programs in other states, determine program administration and costs, set eligibility criteria, and assess how the program could help Marylanders pay for college, buy homes, or start businesses. The Comptroller must submit a report to the Governor and legislature by June 1, 2026, detailing findings and recommendations. This bill does not create the program but prepares the state for potential future action. The study directly affects the Comptroller's office and future legislative decisions.