California Assembly Passes Key Financial Literacy Bill

A bill promoting financial education in high schools spearheaded by California Assemblyman Roger Hernandez (D-West Corvina) passed the Assembly.  Under the bill, high school curricula would be required to include teaching on such topics as budgeting, identity theft security, managing debt, and student loans.  As California currently does not have an official state educational plan or policy regarding financial literacy instruction, Assembly Bill 166 comes at an important time.

Following the California Assembly’s passage of the bill, Hernandez said: “I applaud my colleagues vote for passing my bill AB 166 on the Senate Floor.  Year after year, we hear stories from educators from the lack of financial knowledge many of our students possess.  AB 166 corrects this issue by providing every student the tools and resources to become better prepared and financially sound for a debt free future,” said Hernandez.

You can find the latest text and legislative history of the bill here.