Appropriations Committee
JOINT FAVORABLE REPORT
Bill No.: HB-6659
AN ACT CONCERNING THE ESTABLISHMENT OF THE CONNECTICUT BABY
Title: BOND TRUST.
Vote Date: 4/21/2021
Vote Action: Joint Favorable Substitute
PH Date: 3/26/2021
File No.:
Disclaimer: The following JOINT FAVORABLE Report is prepared for the benefit of the
members of the General Assembly, solely for purposes of information, summarization and
explanation and does not represent the intent of the General Assembly or either chamber
thereof for any purpose.
SPONSORS OF BILL:
Appropriations Committee
REASONS FOR BILL:
Many citizens deal with education gaps, health disparities and unattainable home ownership.
The goal of giving underprivileged children born onto Husky an endowment that is invested in
for eighteen years and requiring that they spend this endowment in Connecticut, is to help
reduce any inequities and economic barriers that may exist.
RESPONSE FROM ADMINISTRATION/AGENCY:
Shawn Wooden, State Treasurer- Supports this bill because it will address economic
inequality in the state. It will also address race-based wealth disparities and provide a long-
term investment in the states economy for many years.
Connecticut Commission on Human Rights and Opportunities- Supports this bill because bills
such as this can significantly shrink the income, wealth, and opportunity gaps for the states
lowest-income residents, which are disproportionately people of color.
NATURE AND SOURCES OF SUPPORT:
Bruce Adams, President of the Credit Union League of Connecticut - Support this bill
because new adults will have over $16,000 to spend in state on things such as higher
education, investing in real estate and starting a business.
The following Support this bill because it would help end income inequality and close the
racial wealth gap in the state:
Carl Chisem, President of the Connecticut Employees Union Independent, SEIU Local 511
Genese Clark, Program Manager for Early Care and Education (ECE)
Connecticut Womens Education and Legal Fund
Justin Elicker, New Haven Mayor
Elizabeth Fraser, Policy Director for The Connecticut Association for Human Services
Merrill Gay, Executive Director of the Connecticut Early Childhood Alliance
Jason Jakubowski, President & CEO of Connecticut Food Bank/Food share
Sal Luciano, President of the Connecticut AFL-CIO
Pastor William McCullough, Founder of Faith Acts for Education
Scot X. Esdaile, President of the Connecticut State Conference NAACP
Rochelle Palache, Connecticut State Director of SEIU 32BJ
Sana Shah, Chief of Staff of the Connecticut Voices for Children
Wendy Waithe Simmons, Executive Director of New Haven Childrens Ideal Learning District
Leanne Harpin, Fairfield resident
Kristianna J. Smith, New Britain resident
Danielle Wong, Bloomfield Town Council Member
Randi McCray, Equity consultant
NATURE AND SOURCES OF OPPOSITION:
None
Reported by: Eddie Aledia Date: 4/28/21
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