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AB-858 Pupil instruction: California Financial Literacy Initiative.(2017-2018)

Bill Status
Dababneh (A)
Pupil instruction: California Financial Literacy Initiative.
An act to add Chapter 14.3 (commencing with Section 52985) to Part 28 of Division 4 of Title 2 of the Education Code, relating to pupil instruction.

Type of Measure
Inactive Bill - Vetoed
Majority Vote Required
Fiscal Committee
Non-State-Mandated Local Program
Non-Tax levy
Last 5 History Actions
Date Action
10/09/17 Vetoed by Governor.
09/20/17 Enrolled and presented to the Governor at 4:30 p.m.
09/13/17 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 70. Noes 7. Page 3294.).
09/13/17 Assembly Rule 77(a) suspended. (Page 3254.)
09/12/17 In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 14 pursuant to Assembly Rule 77.
Governor's Veto Message
To the Members of the California State Assembly:

I am returning Assembly Bill 858 without my signature.

This bill would establish the California Financial Literacy Initiative to provide instructional materials for pupils in kindergarten through grade 12.

This bill is unnecessary. The History-Social Science Framework already contains financial literacy content for pupils in kindergarten through grade 12, as well as a financial literacy elective. In addition, the California Department of Education maintains a Web page with financial literacy resources for pupils in kindergarten through grade 12.


Edmund G. Brown Jr.