Assembly Bill A3533

2013-2014 Legislative Session

Establishes that instruction in financial education be provided to pupils in grades nine, ten, eleven or twelve

download bill text pdf

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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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2013-A3533 (ACTIVE) - Details

Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add ยง803-b, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: A1282
2011-2012: A2272
2015-2016: A27
2017-2018: A1174, A9752
2019-2020: A1357
2021-2022: A731
2023-2024: A5430, A8216

2013-A3533 (ACTIVE) - Summary

Establishes that instruction in financial education be provided to pupils in grades nine through twelve; establishes what should be included in such curriculum including the basics of financial planning, budgeting, borrowing, interest rates, personal insurance policies, etc.

2013-A3533 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3533

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            January 28, 2013
                               ___________

Introduced  by  M.  of  A.  SIMANOWITZ  -- read once and referred to the
  Committee on Education

AN ACT to amend  the  education  law,  in  relation  to  establishing  a
  requirement that instruction in financial education be provided to all
  pupils in grades nine, ten, eleven or twelve

  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  803-b
to read as follows:
  S 803-B. INSTRUCTION RELATING TO FINANCIAL EDUCATION. 1. ALL PUPILS IN
GRADES  NINE,  TEN,  ELEVEN OR TWELVE IN ALL PUBLIC SCHOOLS IN THE STATE
SHALL RECEIVE A COURSE OR FULL UNIT OF INSTRUCTION IN  FINANCIAL  EDUCA-
TION DELIVERED BY MEANS OF A COMPREHENSIVE FINANCIAL LITERACY PROGRAM.
  2.  THE  REQUIREMENTS  OF  THIS  SECTION  MAY BE FULFILLED THROUGH THE
FINANCE UNIT OF THE REQUIRED HIGH SCHOOL ECONOMICS COURSE OR THE CONTIN-
UATION OF FINANCIAL MANAGEMENT COURSES CURRENTLY BEING TAUGHT IN  PUBLIC
SECONDARY SCHOOLS. ADDITIONAL COURSES ARE ENCOURAGED TO BE DEVELOPED AND
APPROVED AT THE LOCAL LEVEL.
  3.  THE  BOARD  OF  EDUCATION  OR  TRUSTEES  OF THE SCHOOL DISTRICT IS
CHARGED WITH DEVELOPING AND MAINTAINING A FINANCIAL LITERACY PROGRAM FOR
SECONDARY SCHOOL PUPILS THAT SHALL  INCLUDE,  BUT  NOT  BE  LIMITED  TO,
INSTRUCTION IN THE FOLLOWING:
  A. RECOGNIZING THE RELATIONSHIP BETWEEN FINANCIAL PLANNING AND ATTAIN-
ING FINANCIAL GOALS;
  B. OPENING AND MAINTAINING BANKING AND CHECKING ACCOUNTS AND ASSESSING
THE QUALITY OF BANKING SERVICES;
  C. DEVELOPING A PERSONAL BUDGET;
  D. ANALYZING SPENDING, CREDIT PURCHASING, CREDIT SCORING, AND MANAGING
DEBT, INCLUDING RETAIL AND CREDIT CARD DEBT;
  E. CALCULATING INTEREST RATES BY VARIOUS METHODS;
  F. EVALUATING BORROWING OPTIONS;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03950-01-3
              

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