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ACR 202

Relative to 529 College Savings Day.

2025-2026 Regular Session Introduced by Robert Garcia

California designates May 29, 2026 as 529 College Savings Day to raise awareness of 529 plans and their role in saving for higher education.

Chaptered by Secretary of State - Res. Chapter 137, Statutes of 2026.
#529collegesavingsday
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Bill Summary · ACR 202

Overview

  • Bill: ACR 202 (Assembly Concurrent Resolution 202)
  • Session/Jurisdiction: California, 2025-2026 Regular Session
  • Topic: Relative to 529 College Savings Day
  • Status: Introduced May 11, 2026; referred to Committee on Rules and Nonstatutory referrals; adopted by committee; scheduled/advanced in May 2026 (actions shown through May 18, 2026)

Purpose and Intent

  • The resolution proclaims May 29, 2026, as 529 College Savings Day in California.
  • It aims to raise awareness about 529 college savings plans and their role in helping families save for higher education expenses.

Key Provisions

  • Official proclamation: The Legislature declares May 29, 2026, as 529 College Savings Day.
  • Communications: The Chief Clerk of the Assembly is directed to transmit copies of the resolution to the author for distribution.

Note: As a concurrent resolution, this measure does not create new law or spending authority; it is a formal expression of the Legislature’s stance and an awareness-raising designation.

What Would Be Affected

  • No direct regulatory or fiscal changes to existing 529 programs or CalKIDS ScholarShare operations are proposed.
  • The bill signals legislative support for 529 plans (including ScholarShare) and acknowledges their role in reducing future student loan debt and expanding access to higher education savings.

Background Context Included in the Measure

  • The text highlights:
    • The long-standing existence and growth of 529 plans nationwide and in California (ScholarShare, CalKIDS linkage).
    • Rising college costs and the shift in federal financial aid toward loans.
    • The potential economic benefits of savings in reducing student loan burdens and enabling broader access to higher education.
    • The national recognition of May 29 as 529 College Savings Day.

Procedural and Timeline Details

  • Introduced: May 11, 2026
  • Referral: May 18, 2026 (to Rules committee)
  • Committee action: Adopted and ordered to Third Reading (as of May 18, 2026)
  • Purposeful timeline: Designates a specific day in 2026 to be recognized statewide.

Summary in Plain Language

ACR 202 would formally recognize May 29, 2026, as 529 College Savings Day in California. The resolution emphasizes the value of 529 college savings plans (including California’s ScholarShare plan and related CalKIDS framework) as tools to help families save for higher education, potentially reducing reliance on loans. It notes national and state context on college costs, loan debt, and the importance of saving for education. The measure does not create new programs or funding, but it publicly endorses awareness of 529 plans and directs transmission of the proclamation to the bill’s author.

If you need, I can add a brief comparison to similar annual proclamations or outline how a concurrent resolution differs from statutory changes.

Compiled from official sources — confirm details with the bill’s official record.

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