The proposed legislation, known as the "Born to Invest Act," mandates the Kansas Office of Vital Statistics to provide specific information about children born in Kansas to the state treasurer. This information will include the child's name, the name and mailing address of the parent or legal guardian, and the date of birth. The state treasurer is tasked with using this data to distribute informational materials regarding government-administered savings accounts, such as Trump accounts, postsecondary educational savings programs, and ABLE savings accounts, to families of these children. The act specifies that the data must be transmitted securely and outlines the timeline for when this information should be provided.
Additionally, the act allows the state treasurer to collaborate with the Department of Health and Environment to establish interagency agreements for the effective implementation of the act. It emphasizes the importance of maintaining confidentiality and protecting sensitive information, ensuring that no confidential records are disclosed except as permitted by law. The act is set to take effect upon its publication in the statute book.
Statutes affected: As introduced: 75-2263, 75-4221a
As Amended by Senate Committee: 75-2263, 75-4221a
As Amended by House Committee: 75-2263, 75-4221a