H47 • 2025

An Act establishing an Office of Economic Empowerment

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Office of the State Treasurer
Last action: 2026-03-09
Official status: Accompanied a study order, see H5199
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act establishing an Office of Economic Empowerment

An Act establishing an Office of Economic Empowerment So much of the recommendations of the Department of the State Treasurer (House, No.

What This Bill Does

An Act establishing an Office of Economic Empowerment So much of the recommendations of the Department of the State Treasurer (House, No.
35) as relates to establishing an Office of Economic Empowerment (House, No.
47).
State Administration and Regulatory Oversight.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-03-09 House
Accompanied a study order, see H5199
2025-10-06 Joint
Hearing scheduled for 10/14/2025 from 01:00 PM-05:00 PM in B-2
2025-10-06 Joint
Hearing scheduled for 10/14/2025 from 01:00 PM-05:00 PM in B-2
2025-02-27 House
Referred to the committee on State Administration and Regulatory Oversight
2025-02-27 Senate
Senate concurred

Official Summary Text

An Act establishing an Office of Economic Empowerment
So much of the recommendations of the Department of the State Treasurer (House, No. 35) as relates to establishing an Office of Economic Empowerment (House, No. 47). State Administration and Regulatory Oversight.

Current Bill Text

Read the full stored bill text

Bill H.47

Chapter 10 of the General Laws is hereby amended by inserting after section 78 the following section:-

Section 79. (a) There shall be within the office of the state treasurer an office of economic empowerment. The office of economic empowerment shall perform such functions as the treasurer may determine in relation to the provision of equitable access to opportunities and resources through equity-centered programs, policies, and partnerships to promote economic mobility and financial independence to residents across the commonwealth.

(b) The office shall be under the supervision and control of the executive director. The executive director shall be the executive and administrative head of the office and shall be responsible for administering and enforcing the laws and regulations relative to the office and to any administrative unit of the office thereof. The duties given to the executive director in this act shall be exercised and discharged subject to the direction, control, and supervision of the state treasurer.

(c) The executive director may, subject to appropriation, appoint and remove such employees as they deem necessary to perform the duties of their office, and may determine their salaries and duties; provided, however, that the total amount of all such salaries shall not exceed the sum appropriated by the general court.

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