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New York policy

S2166: Enacts the "Excelsior Opportunity Accounts Act"

NY Senate · Sponsor Jeremy Cooney

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Jurisdiction
New York State
Applies to
New York State (proposed)
Effective
January 7, 2026

What it requires

Enacts the "Excelsior Opportunity Accounts Act"; establishes a special fund for EO accounts within the department of financial services for certain eligible individuals born after December 31, 2027, who reside in the state, are under age 18, with household income not exceeding 700% of the poverty level; provides for contribution and investment of monies of fund.

ny-statesenatelegislationbill

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