This measure creates a financial education fund established in the Office of the Treasurer to authorize the state Controller to use the fund for consumer financial education efforts throughout the state. The fund would provide a funding source for organizations interested in partnering with California to provide consumers with the information they need to make sound financial decisions. It represents a commitment by the state to start addressing the root causes of financial struggles precipitated by a lack of consumer financial education and codifies the state’s financial interest in reducing consumer debt and bolstering personal savings.

A sample letter of support is attached at right under "Related Files."

Status:
This bill was introduced on February 17, 2011. It is a reintroduced version of 2010's AB 2457- click here for a legislative history of that measure.