Establishes the Excelsior Opportunity Accounts Act, creating accounts for eligible individuals born after 2027, under 18, and with household income.

The bill enacts the "Excelsior Opportunity Accounts Act," establishing a special fund within the Department of Financial Services for eligible individuals born after December 31, 2027, who reside in New York, are under 18, and have a household income not exceeding 700% of the poverty level. It provides for the contribution and investment of funds in these accounts. The accounts are exempt from taxation and cannot be assigned or alienated.

Establishes the Excelsior Opportunity Accounts Act, creating accounts for eligible individuals born after 2027, under 18, and with household income.

The bill enacts the "Excelsior Opportunity Accounts Act," establishing a special fund within the Department of Financial Services for eligible individuals born after December 31, 2027, who reside in New York, are under 18, and have a household income not exceeding 700% of the poverty level. It provides for the contribution and investment of funds in these accounts. The accounts are exempt from taxation and cannot be assigned or alienated.