republic-os/legislation/us/states/ca/20112012/ab-597.md

---
type: "Bill"
title: "California Financial Literacy Fund."
description: "The California Constitution requires the Legislature to encourage the promotion of intellectual improvement. Existing law regulates financial institutions and their interactions with the public. Existing law recognizes the existence of specialized financial institutions that provide services, including, but not limited to, financial literacy training, to underserved communities."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20112012"
identifier: "AB 597"
citation: "California AB 597 (20112012)"
classification: ["bill"]
subjects: ["California Financial Literacy Fund."]
status: "enacted"
primary_sponsors: ["Eng"]
version_count: 6
action_count: 22
vote_count: 8
first_action: "2011-02-16"
last_action: "2011-10-08"
source: "openstates"
source_identifier: "ocd-bill/276162d7-52ee-4a37-b447-486c407ce5ce"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120AB597"
source_hash: "2cd745d1028ca1c799f1df90ada5bacb4d0c5c854e80ed0d4a7033a00a00b19c"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---

# California AB 597 (20112012) — California Financial Literacy Fund.

The California Constitution requires the Legislature to encourage the promotion of intellectual improvement. Existing law regulates financial institutions and their interactions with the public. Existing law recognizes the existence of specialized financial institutions that provide services, including, but not limited to, financial literacy training, to underserved communities.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **02/16/11 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB597&version=20110AB59799INT)
2. **06/27/11 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB597&version=20110AB59798AMD)
3. **07/12/11 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB597&version=20110AB59797AMD)
4. **10/08/11 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB597&version=20110AB59795CHP)
5. **AB597** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120AB597)
6. **09/08/11 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB597&version=20110AB59796ENR)

## Votes

- Do pass. — **6–3** (pass) · upper
- Do pass as amended, and re-refer to the Committee on Appropriations. — **6–1** (pass) · upper
- Do pass and be re-referred to the Committee on Appropriations. — **11–0** (pass) · lower
- AB 597 ENG Concurrence in Senate Amendments — **77–0** (pass) · lower
- 3rd Reading AB597 Eng By Lieu — **28–7** (pass) · upper
- Placed on Appropriations Suspense file. — **8–0** (pass) · upper
- Do pass. — **17–0** (pass) · lower
- AB 597 ENG Assembly Third Reading — **75–0** (pass) · lower

## Sponsors

- Eng — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2011-02-16** Read first time. To print. `reading-1`
- **2011-02-17** From printer. May be heard in committee March 19.
- **2011-03-03** Referred to Com. on B. & F. `referral-committee`
- **2011-04-12** From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (April 11). Re-referred to Com. on APPR. `referral-committee, committee-passage, committee-passage-favorable`
- **2011-05-05** From committee: Do pass. (Ayes 17. Noes 0.) (May 4). `committee-passage, committee-passage-favorable`
- **2011-05-09** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2011-05-12** Read third time. Passed. Ordered to the Senate. (Ayes 75. Noes 0. Page 1350.) `reading-3, reading-1, passage`
- **2011-05-12** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2011-05-26** Referred to Com. on RLS. `referral-committee`
- **2011-06-16** Re-referred to Com. on B. & F.I. `referral-committee`
- **2011-06-27** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I. `reading-2, amendment-introduction, reading-1, amendment-passage, referral-committee`
- **2011-07-11** From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 1.) (July 6). `amendment-passage, committee-passage, committee-passage-favorable`
- **2011-07-12** Read second time and amended. Re-referred to Com. on APPR. `reading-2, reading-1, amendment-passage, referral-committee`
- **2011-08-15** In committee: Referred to APPR. suspense file. `referral-committee`
- **2011-08-25** From committee: Do pass. (Ayes 6. Noes 3.) (August 25). `committee-passage, committee-passage-favorable`
- **2011-08-29** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2011-08-30** Read third time. Passed. Ordered to the Assembly. (Ayes 28. Noes 7. Page 2165.). `reading-3, reading-1, passage`
- **2011-08-31** In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 2 pursuant to Assembly Rule 77.
- **2011-09-02** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0. Page 2854.). `committee-passage-favorable, amendment-passage`
- **2011-09-13** Enrolled and presented to the Governor at 11 a.m.
- **2011-10-08** Approved by the Governor. `executive-signature`
- **2011-10-08** Chaptered by Secretary of State - Chapter 612, Statutes of 2011.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/276162d7-52ee-4a37-b447-486c407ce5ce`. Confidence: reported (aggregated from official California legislature records).