BILL ANALYSIS
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THIRD READING
Bill No: ACR 38
Author: Duvall (R) and Coto (D), et al
Amended: 4/23/09 in Assembly
Vote: 21
WITHOUT REFERENCE TO COMMITTEE OR FILE
ASSEMBLY FLOOR : Read and adopted, 4/20/09
SUBJECT : Financial Aid and Literacy Month
SOURCE : Certified Public Accountants
DIGEST : This bill declares the month of April 2009 as
Financial Aid and Literacy Month in order to raise public
awareness about the need for increased financial literacy;
and, encourages legislators and numerous other entities to
provide opportunities for financial literacy education for
all Californians through a variety of means and to
collaborate with members of the California Society of
Certified Public Accountants, the California Jump$tart
Coalition, and others as they provide outreach and
education.
ANALYSIS :
This resolution makes the following legislative findings:
1. Increasing the financial literacy of all economic and
ethnic groups is documented to improve attitudes and
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decision making and provides for a more secure future
for the individuals who have received education in this
area.
2. Financial literacy training may be easily integrated as
a valuable component for elementary and secondary
schools, colleges and universities, libraries, community
groups, and citizen town hall meetings.
3. Many groups are dedicated to increasing the financial
literacy of Americans; and, a broad range of quality
personal finance instructional materials and curricula
have been created for this purpose, but the audience to
which this information is vital, is not being reached.
FISCAL EFFECT : Fiscal Com.: No
SUPPORT : (Verified 5/9/09)
Certified Public Accountants (source)
JJA:do 5/11/09 Senate Floor Analyses
SUPPORT/OPPOSITION: SEE ABOVE
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