The monument would be a 6-foot statue of a fetus on a 2-foot base placed on Statehouse grounds where it can be seen from the road.
The bill requires a commission responsible for the monument to raise private funds and receive gifts and grants to build the memorial.
The commission has until next year to submit a design and location to the Statehouse Committee for approval. The state would be responsible for maintaining the new monument along with others already on the grounds.