The bill establishes the "Born to Invest Act," which 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 child's parent or legal guardian, and the date of the child's live birth. The state treasurer is tasked with determining the necessary data to distribute informational materials regarding government-administered savings accounts, including Trump accounts, postsecondary educational savings programs, and ABLE savings accounts, for children born on or after January 1, 2025.
Additionally, the bill outlines the process for the state registrar of vital statistics to securely transmit this data to the state treasurer, ensuring that it is done in compliance with applicable laws. The state treasurer is also responsible for creating and disseminating informational materials about these savings accounts to families, promoting financial literacy, and maintaining updated information on the accounts' availability and benefits. The bill allows for interagency agreements between the secretary of health and environment and the state treasurer to facilitate these processes while ensuring the confidentiality of any protected records.