CSSB 1538: Senate Passes Bill To Help Low-Wage Workers Save for the Future, Bill Moves to House

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Celia Cole /(512) 320-0222 x110

May 11, 2005

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On April 5 the Senate voted 30-1 to pass CSSB 1538 by Senator Barrientos. The House companion to this bill is HB 2450 by Representatives Naishtat, Luna, Guillen, and Jim Keffer. CSSB 1538 would establish a $1 million grants program at the Comptroller’s office to assist local communities in setting up Individual Development Accounts (IDA) for their low-income residents. The bill will be heard on Monday, May 16 at 2:00 p.m. or upon adjournment.