Stanislaus News

Assemblymember Alanis announced that his financial literacy bill, AB 1871, has been signed into law by Governor Newsom. The bill requires personal finance to be included in the social studies curriculum for students in grades 7-12. Unlike previous attempts, this legislation allows schools flexibility in integrating financial literacy lessons.

“I am eager to see AB 1871 signed into law,” said Assemblymember Alanis. “This bill was a high priority for my district, and I am proud to have led the efforts to advance this curriculum requirement and ensure that our youth are adequately prepared to become financially independent adults before turning 18.”

Assemblymember Alanis also co-authored AB 2927, which mandates high school students complete a semester-long course in financial literacy before graduation. While AB 2927 will affect students graduating in 2031, AB 1871 will take effect on January 1, 2025.

“I have been and will continue to be an advocate for supporting our youth and their preparation for adulthood,” said Assemblyman Alanis. “California has done a disservice to students who turn 18 without adequate knowledge of concepts like debt, loans, down payments, interest, and more. It is long overdue that we provide our youth with the resources they deserve.”

The bill is the fifteenth authored by Alanis to be signed into law during his first term. Another bill authored by him is still awaiting review by the Governor.

Assemblymember Juan Alanis represents the 22nd Assembly District, which includes Modesto, Turlock, Ceres, Denair, Patterson, Gustine, Newman, Hilmar, Ballico, Snelling, Keyes, Grayson, Crows Landing, Diablo Grande, Stevinson & Empire.