Grayson and Colleagues Introduce Fiscally Responsible Savings Account Bill

(SACRAMENTO) - Today Assemblymember Tim Grayson (D - Concord) and seven of his Democratic Assembly colleagues introduced landmark legislation to create a new, more flexible state savings account to insulate Californians from the potentially devastating impacts of future economic downturns. The measure, AB 1740, will establish a complementary account to the state's existing Budget Stabilization Account (BSA), commonly known as the Rainy Day Fund.