Proposed Illinois Bill Would Give Newborns $50 For College Savings

Chicago (CBS) -- A new bill aimed at giving newborn babies money to start college savings accounts has some politicians shaking their heads in Springfield.

State Rep. C.D. Davidsmeyer, a Republican, told WBBM Radio that the bill is a publicity stunt and a way for Treasurer Michael Frerichs to get his name out.

Meanwhile, Rep. Robyn Gabel, a Democrat and one of the sponsors for the bill, said it gets families to start thinking about college.