Texas babies could get $1,000 each under Dan Patrick plan
Texas Lt. Gov. Dan Patrick has proposed a state program that would give every Texas newborn $1,000 at birth, in addition to a separate federal plan that will provide American babies $1,000 to invest in the stock market. The Texas Legislature will review the proposal, its funding sources and its coordination with the upcoming federal newborn investment initiative. Lawmakers, budget analysts and state agencies will evaluate costs, oversight and implementation details before any launch of the state program.