Assembly Bill A7220A

2021-2022 Legislative Session

Requires senior high schools to provide a course in financial literacy and requires students to complete such course as a condition of graduation

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

co-Sponsors

2021-A7220 - Details

See Senate Version of this Bill:
S5827
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §802-b, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: S6345
2011-2012: S1525
2013-2014: S3040
2015-2016: S2899
2017-2018: S8460
2019-2020: S2400
2023-2024: A2298, S4860

2021-A7220 - Summary

Requires senior high schools to provide a course in financial literacy; requires students to complete such course as a condition of graduation.

2021-A7220 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7220
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 29, 2021
                                ___________
 
 Introduced by M. of A. JACOBSON -- read once and referred to the Commit-
   tee on Education
 
 AN  ACT to amend the education law, in relation to requiring senior high
   schools to provide  a  course  in  financial  literacy  and  requiring
   students to complete such course as a condition of graduation

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The education law is amended by adding a new section  802-b
 to read as follows:
   §  802-B.  INSTRUCTION  RELATING TO FINANCIAL LITERACY. 1. THE COMMIS-
 SIONER IS HEREBY DIRECTED TO PROVIDE AND PRESCRIBE A COURSE OF  INSTRUC-
 TION  ON  FINANCIAL LITERACY FOR SENIOR HIGH SCHOOL STUDENTS WHICH SHALL
 INCLUDE, BUT NOT BE LIMITED TO THE TEACHING OF PERSONAL BUDGETING, WAGES
 AND TAXES, SELF-EMPLOYMENT, SAVINGS AND INVESTMENTS (STOCKS,  BONDS  AND
 MUTUAL  FUNDS), DEBT MANAGEMENT, CHECKING ACCOUNTS, CREDIT CARDS, CREDIT
 SCORES, SAVING FOR EDUCATION AND RETIREMENT, INSURANCE, RIGHTS AND OBLI-
 GATIONS AS A TENANT, BASIC CONCEPTS ON BORROWING INCLUDING THE  PURCHAS-
 ING  OF  AUTOMOBILES AND HOMES, BENEFITS AND DRAWBACKS OF LEASING AND/OR
 PURCHASING OF AUTOMOBILES, AND THE BENEFITS  AND  DRAWBACKS  OF  RENTING
 AND/OR  PURCHASING  A  HOME.  THE  COURSE SHALL BE TAUGHT ON A PASS/FAIL
 BASIS AND SHALL NOT AFFECT THE STUDENT'S GRADE POINT AVERAGE.
   2. SCHOOL AUTHORITIES SHALL PROVIDE THE NEEDED  FACILITIES,  TIME  AND
 PLACE  FOR  THE  INSTRUCTION SET FORTH IN THIS SECTION AND SHALL PROVIDE
 LEARNING AIDS AND CURRICULUM  RESOURCE  MATERIALS  WHICH  CONTRIBUTE  TO
 EFFECTIVE TEACHING METHODS AND LEARNING.
   3.  AS  A  CONDITION  OF GRADUATION FROM SENIOR HIGH SCHOOL, A STUDENT
 SHALL ATTEND AND PASS THE COURSE ON FINANCIAL LITERACY; PROVIDED, HOWEV-
 ER, THAT WITH RESPECT TO STUDENTS WHO HAVE INDIVIDUAL  EDUCATION  PLANS,
 THE  COMPLETION OF SUCH COURSE SHALL NOT BE A REQUIREMENT FOR GRADUATION
 IF IT IS NOT SPECIFICALLY INCLUDED AS A  REQUIREMENT  IN  THE  STUDENT'S
 INDIVIDUAL  EDUCATION  PLAN RECOMMENDED BY THE SCHOOL DISTRICT COMMITTEE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

co-Sponsors

2021-A7220A (ACTIVE) - Details

See Senate Version of this Bill:
S5827
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §802-b, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: S6345
2011-2012: S1525
2013-2014: S3040
2015-2016: S2899
2017-2018: S8460
2019-2020: S2400
2023-2024: A2298, S4860

2021-A7220A (ACTIVE) - Summary

Requires senior high schools to provide a course in financial literacy; requires students to complete such course as a condition of graduation.

2021-A7220A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7220--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 29, 2021
                                ___________
 
 Introduced by M. of A. JACOBSON, TAYLOR -- read once and referred to the
   Committee on Education -- recommitted to the Committee on Education in
   accordance  with Assembly Rule 3, sec. 2 -- committee discharged, bill
   amended, ordered reprinted as amended and recommitted to said  commit-
   tee

 AN  ACT to amend the education law, in relation to requiring senior high
   schools to provide  a  course  in  financial  literacy  and  requiring
   students to complete such course as a condition of graduation
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The education law is amended by adding a new section  802-b
 to read as follows:
   §  802-B.  INSTRUCTION  RELATING TO FINANCIAL LITERACY. 1. THE COMMIS-
 SIONER IS HEREBY DIRECTED TO PROVIDE AND PRESCRIBE A COURSE OF  INSTRUC-
 TION  ON  FINANCIAL LITERACY FOR SENIOR HIGH SCHOOL STUDENTS WHICH SHALL
 INCLUDE, BUT NOT BE LIMITED TO THE TEACHING OF PERSONAL BUDGETING, WAGES
 AND TAXES, SELF-EMPLOYMENT, SAVINGS AND INVESTMENTS (STOCKS,  BONDS  AND
 MUTUAL  FUNDS), DEBT MANAGEMENT, CHECKING ACCOUNTS, CREDIT CARDS, CREDIT
 SCORES, SAVING FOR EDUCATION AND RETIREMENT, INSURANCE, RIGHTS AND OBLI-
 GATIONS AS A TENANT, BASIC CONCEPTS ON BORROWING INCLUDING THE  PURCHAS-
 ING  OF  AUTOMOBILES AND HOMES, BENEFITS AND DRAWBACKS OF LEASING AND/OR
 PURCHASING OF AUTOMOBILES, AND THE BENEFITS  AND  DRAWBACKS  OF  RENTING
 AND/OR  PURCHASING  A  HOME.  THE  COURSE SHALL BE TAUGHT ON A PASS/FAIL
 BASIS AND SHALL NOT AFFECT THE STUDENT'S GRADE POINT AVERAGE.
   2. SCHOOL AUTHORITIES SHALL PROVIDE THE NEEDED  FACILITIES,  TIME  AND
 PLACE  FOR  THE  INSTRUCTION SET FORTH IN THIS SECTION AND SHALL PROVIDE
 LEARNING AIDS AND CURRICULUM  RESOURCE  MATERIALS  WHICH  CONTRIBUTE  TO
 EFFECTIVE TEACHING METHODS AND LEARNING.
   3.  AS  A  CONDITION  OF GRADUATION FROM SENIOR HIGH SCHOOL, A STUDENT
 SHALL ATTEND AND PASS THE COURSE ON FINANCIAL LITERACY; PROVIDED, HOWEV-
 ER, THAT WITH RESPECT TO STUDENTS WHO HAVE INDIVIDUAL  EDUCATION  PLANS,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10803-04-2
              

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