BILL NUMBER: AB 2684	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Dababneh

                        FEBRUARY 19, 2016

   An act to amend Section 70003 of the Financial Code, relating to
financial literacy.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2684, as introduced, Dababneh. Financial literacy.
   Existing law establishes California Financial Literacy Fund, to be
administered by the Controller, for the purpose of enabling
partnerships with the financial services community and governmental
and nongovernmental stakeholders to improve Californians' financial
literacy. Existing law authorizes the Controller to convene a
financial literacy advisory committee to provide oversight of the
fund and develop strategies to improve financial literacy.
   This bill would make a nonsubstantive, technical change regarding
the financial literacy advisory committee.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 70003 of the Financial Code is amended to read:

   70003.  The Controller may convene a financial literacy advisory
committee to provide  additional  oversight of the
fund and develop strategies to improve financial literacy. If
convened, the committee shall comply with the Bagley-Keene Open
Meeting Act (Article 9 (commencing with Section 11120) of Chapter 1
of Part 1 of Division 3 of Title 2 of the Government Code).