Senate Bill S7344C

Signed By Governor
2013-2014 Legislative Session

Relates to the development of financial literacy education

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor

  • 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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Actions
Votes

Bill Amendments

co-Sponsors

2013-S7344 - Details

See Assembly Version of this Bill:
A9199
Law Section:
Financial Services Law
Laws Affected:
Add §311, Fin Serv L

2013-S7344 - Summary

Develops a financial literacy education program for teenagers and young adult participants in the summer youth employment program.

2013-S7344 - Sponsor Memo

2013-S7344 - Bill Text download pdf 

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

                                  7344

                            I N  S E N A T E

                              May 13, 2014
                               ___________

Introduced  by Sen. GRISANTI -- read twice and ordered printed, and when
  printed to be committed to the Committee on Banks

AN ACT to amend the financial services law,  in  relation  to  financial
  literacy education

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1.  Legislative intent. In order to contribute to the  state's
and the nation's future financial stability and increase upward economic
mobility,  it is the policy of the New York state legislature to promote
financial capability among young Americans and  encourage  building  the
financial capability of young people at an early stage in schools, fami-
lies, communities, and the workplace.
  By  starting  early,  young  people  can begin to learn the difference
between wants and needs, the importance and power  of  saving,  and  the
positive  and  productive  role  money can play in their lives. Having a
basic understanding of money management from an early age will make  our
young  people better equipped to tackle more complex financial decisions
in their transition to adulthood, when critical decisions about  financ-
ing  higher  education and saving for retirement can have lasting conse-
quences for financial security.
  Strengthening the financial capability  of  our  young  people  is  an
investment in our state's and our nation's economic prosperity.
  Financial  capability is the capacity, based on knowledge, skills, and
access, to manage financial resources prudently and effectively. Efforts
to improve financial capability, which should be based  on  evidence  of
effectiveness,  empower  individuals  to make informed choices, plan and
set goals, avoid pitfalls, know where  to  seek  help,  and  take  other
actions to better their present and long-term financial well-being.
  S  2.  Short  title.  This  act shall be known and may be cited as the
"financial literacy education in the New  York  state  youth  employment
program act".
  S 3. The financial services law is amended by adding a new section 311
to read as follows:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14402-07-4

co-Sponsors

2013-S7344A - Details

See Assembly Version of this Bill:
A9199
Law Section:
Financial Services Law
Laws Affected:
Add §311, Fin Serv L

2013-S7344A - Summary

Develops a financial literacy education program for teenagers and young adult participants in the summer youth employment program.

2013-S7344A - Sponsor Memo

2013-S7344A - Bill Text download pdf 

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

                                 7344--A
    Cal. No. 912

                            I N  S E N A T E

                              May 13, 2014
                               ___________

Introduced by Sens. GRISANTI, PERKINS -- read twice and ordered printed,
  and when printed to be committed to the Committee on Banks -- reported
  favorably  from  said  committee,  ordered to first report, amended on
  first report, ordered  to  a  second  report  and  ordered  reprinted,
  retaining its place in the order of second report

AN  ACT  to  amend  the financial services law, in relation to financial
  literacy education

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Legislative intent. In order to contribute to the state's
and the nation's future financial stability and increase upward economic
mobility, it is the policy of the New York state legislature to  promote
financial  capability  among  young Americans and encourage building the
financial capability of young people at an early stage in schools, fami-
lies, communities, and the workplace.
  By starting early, young people can  begin  to  learn  the  difference
between  wants  and  needs,  the importance and power of saving, and the
positive and productive role money can play in  their  lives.  Having  a
basic  understanding of money management from an early age will make our
young people better equipped to tackle more complex financial  decisions
in  their transition to adulthood, when critical decisions about financ-
ing higher education and saving for retirement can have  lasting  conse-
quences for financial security.
  Strengthening  the  financial  capability  of  our  young people is an
investment in our state's and our nation's economic prosperity.
  Financial capability is the capacity, based on knowledge, skills,  and
access, to manage financial resources prudently and effectively. Efforts
to  improve  financial  capability, which should be based on evidence of
effectiveness, empower individuals to make informed  choices,  plan  and
set  goals,  avoid  pitfalls,  know  where  to seek help, and take other
actions to better their present and long-term financial well-being.
  S 2. Short title. This act shall be known and  may  be  cited  as  the
"financial  literacy  education  in  the New York state youth employment
program act".

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

co-Sponsors

2013-S7344B - Details

See Assembly Version of this Bill:
A9199
Law Section:
Financial Services Law
Laws Affected:
Add §311, Fin Serv L

2013-S7344B - Summary

Develops a financial literacy education program for teenagers and young adult participants in the summer youth employment program.

2013-S7344B - Sponsor Memo

2013-S7344B - Bill Text download pdf 

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

                                 7344--B
    Cal. No. 912

                            I N  S E N A T E

                              May 13, 2014
                               ___________

Introduced by Sens. GRISANTI, PERKINS -- read twice and ordered printed,
  and when printed to be committed to the Committee on Banks -- reported
  favorably  from  said  committee,  ordered to first report, amended on
  first report, ordered  to  a  second  report  and  ordered  reprinted,
  retaining  its  place  in  the  order of second report -- ordered to a
  third reading, amended and ordered reprinted, retaining its  place  in
  the order of third reading

AN  ACT  to  amend  the financial services law, in relation to financial
  literacy education

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Legislative intent. In order to contribute to the state's
and the nation's future financial stability and increase upward economic
mobility, it is the policy of the New York state legislature to  promote
financial  capability  among  young Americans and encourage building the
financial capability of young people at an early stage in schools, fami-
lies, communities, and the workplace.
  By starting early, young people can  begin  to  learn  the  difference
between  wants  and  needs,  the importance and power of saving, and the
positive and productive role money can play in  their  lives.  Having  a
basic  understanding of money management from an early age will make our
young people better equipped to tackle more complex financial  decisions
in  their transition to adulthood, when critical decisions about financ-
ing higher education and saving for retirement can have  lasting  conse-
quences for financial security.
  Strengthening  the  financial  capability  of  our  young people is an
investment in our state's and our nation's economic prosperity.
  Financial capability is the capacity, based on knowledge, skills,  and
access, to manage financial resources prudently and effectively. Efforts
to  improve  financial  capability, which should be based on evidence of
effectiveness, empower individuals to make informed  choices,  plan  and
set  goals,  avoid  pitfalls,  know  where  to seek help, and take other
actions to better their present and long-term financial well-being.

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

co-Sponsors

2013-S7344C - Details

See Assembly Version of this Bill:
A9199
Law Section:
Financial Services Law
Laws Affected:
Add §311, Fin Serv L

2013-S7344C - Summary

Develops a financial literacy education program for teenagers and young adult participants in the summer youth employment program.

2013-S7344C - Sponsor Memo

2013-S7344C - Bill Text download pdf 

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

                                 7344--C
    Cal. No. 912

                            I N  S E N A T E

                              May 13, 2014
                               ___________

Introduced by Sens. GRISANTI, PERKINS -- read twice and ordered printed,
  and when printed to be committed to the Committee on Banks -- reported
  favorably  from  said  committee,  ordered to first report, amended on
  first report, ordered  to  a  second  report  and  ordered  reprinted,
  retaining  its  place  in  the  order of second report -- ordered to a
  third reading, amended and ordered reprinted, retaining its  place  in
  the  order  of  third  reading -- again amended and ordered reprinted,
  retaining its place in the order of third reading

AN ACT to amend the financial services law,  in  relation  to  financial
  literacy education

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1.  Legislative intent. In order to contribute to the  state's
and the nation's future financial stability and increase upward economic
mobility,  it is the policy of the New York state legislature to promote
financial capability among young Americans and  encourage  building  the
financial capability of young people at an early stage in schools, fami-
lies, communities, and the workplace.
  By  starting  early,  young  people  can begin to learn the difference
between wants and needs, the importance and power  of  saving,  and  the
positive  and  productive  role  money can play in their lives. Having a
basic understanding of money management from an early age will make  our
young  people better equipped to tackle more complex financial decisions
in their transition to adulthood, when critical decisions about  financ-
ing  higher  education and saving for retirement can have lasting conse-
quences for financial security.
  Strengthening the financial capability  of  our  young  people  is  an
investment in our state's and our nation's economic prosperity.
  Financial  capability is the capacity, based on knowledge, skills, and
access, to manage financial resources prudently and effectively. Efforts
to improve financial capability, which should be based  on  evidence  of
effectiveness,  empower  individuals  to make informed choices, plan and
set goals, avoid pitfalls, know where  to  seek  help,  and  take  other
actions to better their present and long-term financial well-being.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

co-Sponsors

2013-S7344D (ACTIVE) - Details

See Assembly Version of this Bill:
A9199
Law Section:
Financial Services Law
Laws Affected:
Add §311, Fin Serv L

2013-S7344D (ACTIVE) - Summary

Develops a financial literacy education program for teenagers and young adult participants in the summer youth employment program.

2013-S7344D (ACTIVE) - Sponsor Memo

2013-S7344D (ACTIVE) - Bill Text download pdf 

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

                                 7344--D
    Cal. No. 912

                            I N  S E N A T E

                              May 13, 2014
                               ___________

Introduced by Sens. GRISANTI, PERKINS -- read twice and ordered printed,
  and when printed to be committed to the Committee on Banks -- reported
  favorably  from  said  committee,  ordered to first report, amended on
  first report, ordered  to  a  second  report  and  ordered  reprinted,
  retaining  its  place  in  the  order of second report -- ordered to a
  third reading, amended and ordered reprinted, retaining its  place  in
  the  order  of  third  reading -- again amended and ordered reprinted,
  retaining its place in the order of third reading -- again amended and
  ordered reprinted, retaining its place in the order of third reading

AN ACT to amend the financial services law,  in  relation  to  financial
  literacy education

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1.  Legislative intent. In order to contribute to the  state's
and the nation's future financial stability and increase upward economic
mobility,  it is the policy of the New York state legislature to promote
financial capability among young Americans and  encourage  building  the
financial capability of young people at an early stage in schools, fami-
lies, communities, and the workplace.
  By  starting  early,  young  people  can begin to learn the difference
between wants and needs, the importance and power  of  saving,  and  the
positive  and  productive  role  money can play in their lives. Having a
basic understanding of money management from an early age will make  our
young  people better equipped to tackle more complex financial decisions
in their transition to adulthood, when critical decisions about  financ-
ing  higher  education and saving for retirement can have lasting conse-
quences for financial security.
  Strengthening the financial capability  of  our  young  people  is  an
investment in our state's and our nation's economic prosperity.
  Financial  capability is the capacity, based on knowledge, skills, and
access, to manage financial resources prudently and effectively. Efforts
to improve financial capability, which should be based  on  evidence  of
effectiveness,  empower  individuals  to make informed choices, plan and

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

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