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Updated:   2026-02-04

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Measure
Authors Grayson  
Subject California Financial Literacy Fund.
Relating To relating to financial literacy.
Title An act to repeal Division 22 (commencing with Section 70000) of the Financial Code, relating to financial literacy.
Last Action Dt 2026-01-05
State Amended Senate
Status Pending Referral
Flags
Vote Req Approp Fiscal Cmte Local Prog Subs Chgs Urgency Tax Levy Active?
Majority No Yes No None No No Y
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Leginfo Link  
Bill Actions
2026-01-26     Read third time. Passed. (Ayes 39. Noes 0.) Ordered to the Assembly.
2026-01-26     In Assembly. Read first time. Held at Desk.
2026-01-21     Read second time. Ordered to consent calendar.
2026-01-20     From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar.
2026-01-09     Set for hearing January 20.
2026-01-07     From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 5. Noes 0.) (January 7). Re-referred to Com. on APPR.
2026-01-05     From committee with author's amendments. Read second time and amended. Re-referred to Com. on HOUSING.
2026-01-05     Withdrawn from committee.
2026-01-05     Re-referred to Com. on RLS.
2026-01-05     Re-referred to Com. on B. & F.I.
2025-12-18     Set for hearing January 7 in B. & F.I. pending receipt.
2025-03-05     Referred to Coms. on HOUSING and JUD.
2025-02-21     From printer. May be acted upon on or after March 23.
2025-02-20     Introduced. Read first time. To Com. on RLS. for assignment. To print.
Versions
Amended Senate     2026-01-05
Introduced     2025-02-20
Analyses TBD
Latest Text Bill Full Text
Latest Text Digest

Existing law establishes the California Financial Literacy Fund in the State Treasury for the purpose of enabling partnerships with the financial services community and governmental and nongovernmental stakeholders to improve financial literacy within the state. Existing law requires the fund to be administered by the Controller, who is authorized, among other things, to deposit private donations into the fund, as specified. Existing law requires those moneys to be made available upon appropriation in the annual Budget Act, and requires the Controller to report annually to the Legislature on the use of those moneys appropriated from the fund, as specified.

This bill would repeal those provisions.