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S2131 • 2025

An Act establishing an office of economic empowerment

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
James B. Eldridge
Last action
2026-02-09
Official status
Referred to Senate Committee on Ways and Means
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 By Mr.

What This Bill Does

  • An Act establishing an office of economic empowerment By Mr.
  • Eldridge, a petition (accompanied by bill, Senate, No.
  • 2131) of James B.
  • Eldridge for legislation to establish an office of economic empowerment.

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

  1. 2026-02-09 Senate

    Bill reported favorably by committee and referred to the committee on Senate Ways and Means

  2. 2025-12-24 Senate

    Reporting date extended to Saturday January 31, 2026

  3. 2025-10-06 Joint

    Hearing scheduled for 10/14/2025 from 01:00 PM-05:00 PM in B-2

  4. 2025-10-06 Joint

    Hearing scheduled for 10/14/2025 from 01:00 PM-05:00 PM in B-2

  5. 2025-02-27 Senate

    Referred to the committee on State Administration and Regulatory Oversight

  6. 2025-02-27 House

    House concurred

Official Summary Text

An Act establishing an office of economic empowerment
By Mr. Eldridge, a petition (accompanied by bill, Senate, No. 2131) of James B. Eldridge for legislation to establish an office of economic empowerment. State Administration and Regulatory Oversight.
Status:
Referred to Senate Committee on Ways and Means

Current Bill Text

Read the full stored bill text 
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Bill S.2131

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.

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