(Sacramento, Ca.) -- Senate Bill 583 -- the Financial Literacy Act -- by Senator Jeff Stone (R-Riverside County) was passed unanimously by the State Senate on May 31st.
The bill was suggested by Robert Ortega, a senior at Shadow Hills High School in Indio, who was the winner of the Senator’s annual “There Ought to be a Law” competition among high school students in the 28th Senate District.
If passed by the Assembly and signed by the Governor, SB 583 would make it a requirement in high school to take a class on Financial Literacy so students will have a better understanding of finances, debt, and personal responsibility before they enter adulthood.
In April, Robert traveled to Sacramento to testify on behalf of his proposed legislation. The bill passed both the Senate Education and Appropriations committees by unanimous vote.
“I was pleased my colleagues in the Senate saw the wisdom in teaching basic financial skills to high school students,” said Senator Stone. “So many of our young people enter the job market or head off to college without the necessary financial tools they need.”
Video of bill passage: http://bit.ly/2rYGWs4
Video of Robert Ortega’s testimony: http://bit.ly/2qfaCNK
(His testimony begins at 8:45 mark)