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Savings Accounts

Sustainability is an issue that every savings program will face at one time or another. For this reason, this should be a focus area for our state efforts in supporting both state and federal policies to help aid Texas savings programs through the years. Below are two specific policies that the Savings working group will support and promote regarding savings programs if they are introduced in the current session.

  • State legislation to help provide funding opportunities at a non-federal level and designed to reach as many Texas savings programs as possible.
  • Federal legislation to help support the re-authorization of Assets for Independence program (AFI) with recommendations that would make the program more accessible to Texas groups.

There will be many opportunities to get involved and take action to promote the Savings Accounts legislation throughout the session. Visit this page often for updates and action items, or sign up to receive our policy updates by email.

Bills Related to Savings in the 2017 Legislative Session

SB 377 Sen. Perry
Related to the Texas Achieving a Better Life Experience (ABLE) Program.
05/23/2017 Passed the Senate and the full House, and was sent to the Governor.

HB 4096 Rep. Klick
Relating to improving the care of, and increasing opportunities for, children and adolescents with physical and developmental disabilities.
04/03/2017 Referred to Human Services Committee

HB 471 Rep. E. Johnson
Relating to authorizing a credit union or other financial institution to conduct savings promotion raffles.
05/22/2017 Passed the full House and the Senate and was sent to the Governor. 

House Joint Resolution (HJR) 37 Rep. E. Johnson
Proposing a constitutional amendment relating to legislative authority to permit credit unions and other financial institutions to award prizes by lot to promote savings.
05/24/2017 Adopted by the House and passed the Senate, and was filed with the Secretary of State. 

HB 3601 Rep. Alonzo
Relating to the creation of a state-administered retirement plan.
04/24/2017 Considered in a public hearing in the House Pensions Committee and bill was left pending

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