Student financial aid: Children's Savings Account Program.
Do you support it?
Want to know if it passes?
We'll email you when AB 34 moves — a committee vote, a floor vote, or a signature. Nothing else.
Free forever · unsubscribe in one click.
Your answer was recorded either way.
Which district are you in?
Your ZIP is all we need to match you to your own representatives — so we can tell you how they voted on AB 34.
You're tracking AB 34
We'll email you the moment it moves.
AB 34 — Student financial aid: Children's Savings Account Program.
Last action — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
No card. One bill, free forever — alerts when it moves.
-
✓Introduced
-
2In Committee
-
3Passed Assembly
-
4Passed Senate
-
5To Executive
-
6Enacted
This bill died with 2017-2018 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Under existing law, the segments of postsecondary education in this state are the University of California, the California State University, the California Community Colleges, independent institutions of higher education, and private postsecondary educational institutions. The Golden State Scholarshare Trust Act establishes the Golden State Scholarshare Trust, under the administration of the Scholarshare Investment Board. This bill would establish the Children's Savings Account Program, under the administration of the board, for the purposes of expanding access to higher education through savings. The program would require the board to establish a 529 plan account under Section 529 of the Internal Revenue Code of 1986, as specified, for each California resident child born on or after January 1, 2018, who is a California resident at the time of birth, except for the children whose parents or legal guardians have opted out, as specified. Upon appropriation by the Legislature, the bill would require the board to make an initial contribution to the account and provide certain incentives for contributions made by participants to the account, as specified. The bill would prescribe the powers and duties of the board to administer and implement the program. The bill would require the board to aggressively market the program to California residents, as specified. This bill would establish the Children's Savings Account Program Fund in the State Treasury. The bill would continuously appropriate the moneys in the fund to the board for the program. The bill would require the Director of Finance to determine, at the commencement of each fiscal year, whether there are sufficient funds to implement the program in that fiscal year, and to communicate this determination to the board in a timely manner each fiscal year.
Bill Text
- Amended 04/20/17 - Amended Assembly Current pdf April 20, 2017
- Amended 03/23/17 - Amended Assembly pdf March 23, 2017
- Introduced 12/05/16 - Introduced pdf December 05, 2016
- AB34 View text html
Action History
-
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
-
Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
-
In committee: Held under submission.
-
In committee: Set, first hearing. Referred to APPR. suspense file.
-
From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 3.) (April 25). Re-referred to Com. on APPR.
-
Re-referred to Com. on HIGHER ED.
-
From committee chair, with author's amendments: Amend, and re-refer to Com. on HIGHER ED. Read second time and amended.
-
Re-referred to Com. on HIGHER ED.
-
From committee chair, with author's amendments: Amend, and re-refer to Com. on HIGHER ED. Read second time and amended.
-
Referred to Com. on HIGHER ED.
-
From printer. May be heard in committee January 5.
-
Read first time. To print.
Sponsors
- Nazarian · Primary
- Robert Garcia · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 1 co-sponsors · 120 not signed on · 1 voted No
Sponsors (1)
- Nazarian
Co-sponsors (1)
- Garcia, Robert Democratic
Not signed on (120)
120 members have not signed on to this bill.
Show all 120 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 2 | 1 | 0 | 0 |
| Republican | 1 | 0 | 0 | 0 |
| Unaffiliated | 6 | 2 | 0 | 1 |
| Total | 9 | 3 | 0 | 1 |
| % of votes cast | 69% | 23% | 0% | 8% |
How each member voted (13)
| Member | Party | Vote |
|---|---|---|
| Chávez | — | Not Voting |
| Kiley | — | Nay |
| Baker | — | Nay |
| Bloom | — | Yea |
| Levine | — | Yea |
| Low | — | Yea |
| Medina | — | Yea |
| Santiago | — | Yea |
| Weber | — | Yea |
| Arambula, Joaquin | Democratic | Yea |
| Irwin, Jacqui | Democratic | Yea |
| Quirk-Silva, Sharon | Democratic | Nay |
| Choi, Steven S. | Republican | Yea |
Subjects
Frequently asked questions
- What does AB 34 do?
- Under existing law, the segments of postsecondary education in this state are the University of California, the California State University, the California Community Colleges, independent institutions of higher education, and private postsecondary educational institutions. The Golden State Scholarshare Trust Act establishes the Golden State Scholarshare Trust, under the administration of the Scholarshare Investment Board. This bill would establish the Children's Savings Account Program, under the administration of the board, for the purposes of expanding access to higher education through savings. The program would require the board to establish a 529 plan account under Section 529 of the Internal Revenue Code of 1986, as specified, for each California resident child born on or after January 1, 2018, who is a California resident at the time of birth, except for the children whose parents or legal guardians have opted out, as specified. Upon appropriation by the Legislature, the bill would require the board to make an initial contribution to the account and provide certain incentives for contributions made by participants to the account, as specified. The bill would prescribe the powers and duties of the board to administer and implement the program. The bill would require the board to aggressively market the program to California residents, as specified. This bill would establish the Children's Savings Account Program Fund in the State Treasury. The bill would continuously appropriate the moneys in the fund to the board for the program. The bill would require the Director of Finance to determine, at the commencement of each fiscal year, whether there are sufficient funds to implement the program in that fiscal year, and to communicate this determination to the board in a timely manner each fiscal year.
- Who sponsors AB 34?
- AB 34 is sponsored by Nazarian and Garcia, Robert (Democratic).
- What is the current status of AB 34?
- This bill died with 2017-2018 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track AB 34?
- Track AB 34 free on One Click Politics — get push/email alerts when it moves.
Make your voice heard on AB 34
Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.
Stay ahead of AB 34
Last checked for changes 3 months ago · updated continuously
One Click Politics tracks every bill in Congress and all 50 states.
Track this bill →