Asset Building in California

In the current legislative session, New America’s Asset Building Program in California is pursuing the following initiatives:

• Senate Bill 752 (Steinberg D-Sacramento)
  California Kids Investment and Development Savings (KIDS) Accounts


• Assembly Bill 167 (Bass D-Los Angeles)
  CalWORKs Savings Act


• Assembly Bill 1502 (Lieu D-Torrance)
  Banking Development Districts


• Assembly Bill 1693 (Eng D-Los Angeles)
  The Refunds to Savings Act


• Assembly Joint Resolution (Jose Solorio D-Santa Anna, Bonnie Garcia R-Cathedral City)
  California Subprime Mortgage Foreclosure Resolution


• Assembly Bill 2123 (Ted Lieu D-Torrance)
  The California Financial Literacy Initiative


• Assembly Bill 2368 (Felipe Fuentes D-San Fernando)
  The CalWORKs Mobility Initiative


• Assembly Bill 2940 (Kevin De Leon D-Los Angeles)
  California Employee Savings Program (CalESP)

For the full text of the legislative summary, please see the PDF attached below.