Ladder out of Poverty Bill

This bill emerges from the Legislative Commission to End Poverty by 2020 findings and it is currently moving through Senate committees.

It focuses on building and maintaining financial assets as a key to leaving poverty permanently;

It addresses predatory lending practices that erode or deplete financial assets, and supports increased financial literacy to enhance skills for achieving and maintaining economic self sufficiency;

It establishes a Task Force to generate recommendations for the legislature to take action and draft policies that help Minnesotans to escape (or avoid) poverty through the accumulation and maintenance of financial assets.