BILL ANALYSIS Ó AB 166 Page 1 CONCURRENCE IN SENATE AMENDMENTS AB 166 (Roger Hernández) As Amended June 5, 2013 Majority vote ----------------------------------------------------------------- |ASSEMBLY: |77-0 |(April 15, |SENATE: |33-0 |(July 8, 2013) | | | |2013) | | | | ----------------------------------------------------------------- Original Committee Reference: ED. SUMMARY : Requires the State Board of Education (SBE) to ensure that financial literacy, including budgeting and managing credit, student loans, consumer debt, and identity theft security, is integrated into the next revision of textbooks or curriculum frameworks in the social sciences, health, and mathematics curricula. The Senate amendments : 1)Add findings and declarations regarding the need for financial literacy education. 2)Repeal this bill's provision that changed "financial preparedness" to "financial literacy, including, but not limited to, budgeting and managing credit, student loans, and debt" in the requirement in existing law that the Superintendent of Public Instruction make specified curriculum materials available to teachers. 3)Add identify theft security to the definition of financial literacy. EXISTING LAW requires the SBE to integrate financial preparedness into the next revision of textbooks or curriculum frameworks in the social sciences, health, and mathematics curricula. FISCAL EFFECT : According to the Senate Appropriations Committee, pursuant to Senate Rule 28.8, negligible state costs. Analysis Prepared by : Rick Pratt / ED. / (916) 319-2087 AB 166 Page 2 FN: 0001295