Loading chat...
CA SB546
Bill
Status
Engrossed
1/26/2026
Primary Sponsor
Tim Grayson
Click for details
AI Summary
- Repeals Division 22 (Sections 70000-70004) of the Financial Code, eliminating the California Financial Literacy Fund established in the State Treasury
- Removes the Controller's authority to accept private donations for financial literacy partnerships with financial services companies and governmental/nongovernmental stakeholders
- Eliminates the requirement for the Controller to provide annual summaries to the Assembly Committee on Banking and Finance and Senate Committee on Banking and Financial Institutions on fund usage
- Ends the provision requiring unappropriated contributions to be returned to donors within 18 months
- Removes authorization for the Controller to convene a financial literacy advisory committee subject to the Bagley-Keene Open Meeting Act
Legislative Description
California Financial Literacy Fund.
Last Action
In Assembly. Read first time. Held at Desk.
1/26/2026
Committee Referrals
Appropriations1/7/2026
Banking and Financial Institutions1/5/2026
Rules1/5/2026
Housing3/5/2025
Rules2/20/2025
Full Bill Text
No bill text available