The California HOPE for Children Trust Account Program was established through Assembly Bill 156 (Chapter 569, Statutes of 2022). It is codified in Chapter 16.1 (commencing with section 18997.5) of the Welfare and Institutions Code (HOPE Act).
This new program aims to close the racial wealth gap and confront the issue of intergenerational poverty. It creates a new financial investment program specifically catered to vulnerable children throughout the state (HOPE Program).