SB 455 Updates: CA Financial Empowerment Fund

Written by Joanna Cortez Hernandez on September 5, 2019.

MAF is sponsoring SB 455, also known as the California Financial Empowerment Fund, which would create a $4 million fund to support nonprofits delivering effective financial education and empowerment tools.

SB 455 unanimously passed both California legislative chambers unopposed and gained statewide supprot from mayors and a broad coalition of nonprofit organizations. On October 2nd, Californian Governor Gavin Newsom signed SB 455 into law!