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