WASHINGTON (2/5/08)--California State Assemblyman Ted Lieu will receive the Credit Union National Association's (CUNA's) 2007 National Desjardins Youth Financial Education Award for State Lawmakers for his efforts to pass legislation that would funds financial education programs in the state’s schools. In nominating Lieu for the award, the California Credit Union League said the lawmaker’s commitment to the financial literacy issue reveals a “deep understanding of the powerful consequences of appropriate and effective financial literacy on individuals, families and the economy.” Elected to the California State Assembly in 2006, Lieu immediately led the effort to craft a bill that would have authorized schools to include personal finance and financial literacy curriculum in the existing economics requirements for high school graduation. Governor Arnold Schwarzenegger ultimately vetoed the bill. Leiu responded the following year with another bill that would have established the California Financial Literacy Initiative. The program would have collected public and private funds and disbursed them to schools for financial literacy programs. Schwarzenegger also vetoed that bill, calling it “unnecessary.” Lieu will be honored at the 2008 CUNA Governmental Affairs Conference (GAC) in March. The award was bestowed by CUNA's State Credit Union Subcommittee. The award for state lawmakers is the third component of the Desjardins Awards. Related awards go to credit unions and leagues making outstanding efforts to promote financial literacy.