| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 08, 2020 |
referred to education |
| Jun 14, 2019 |
print number 4970b |
| Jun 14, 2019 |
amend and recommit to education |
| Apr 10, 2019 |
print number 4970a |
| Apr 10, 2019 |
amend and recommit to education |
| Apr 03, 2019 |
referred to education |
Senate Bill S4970B
2019-2020 Legislative Session
Sponsored By
(D) 15th Senate District
Archive: Last Bill Status - In Senate Committee Education Committee
Actions
Bill Amendments
2019-S4970 - Details
2019-S4970 - Sponsor Memo
BILL NUMBER: S4970
SPONSOR: ADDABBO
TITLE OF BILL: An act to amend the education law, in relation to
instruction in financial management
SUMMARY OF PROVISIONS:
Amend the education law by adding a new section which would mandate all
school districts to provide instruction in financial management includ-
ing, but not limited to, basic financial literacy necessary for sound
financial decision making, budgeting, savings, credit, debt, insurance,
investment, and other issues associated with personal financial respon-
sibility.
JUSTIFICATION:
Financial literacy is an extremely beneficial tool in improving finan-
cial capability for young people. Many students are unprepared and unin-
formed regarding financial choices as they transition into adulthood. By
incorporating lessons about financial responsibility, students can learn
2019-S4970 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4970
2019-2020 Regular Sessions
I N S E N A T E
April 3, 2019
___________
Introduced by Sen. ADDABBO -- read twice and ordered printed, and when
printed to be committed to the Committee on Education
AN ACT to amend the education law, in relation to instruction in finan-
cial management
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 817 to
read as follows:
§ 817. COURSES OF STUDY IN FINANCIAL MANAGEMENT. 1. ALL SCHOOL
DISTRICTS IN THE STATE SHALL PROVIDE, TO PUPILS IN GRADES SIX THROUGH
EIGHT, INSTRUCTION IN FINANCIAL MANAGEMENT INCLUDING, BUT NOT LIMITED
TO, BASIC FINANCIAL LITERACY NECESSARY FOR SOUND FINANCIAL DECISION-MAK-
ING, BUDGETING, SAVINGS, CREDIT, DEBT, INSURANCE, INVESTMENT, AND OTHER
ISSUES ASSOCIATED WITH PERSONAL FINANCIAL RESPONSIBILITY.
2. THE COMMISSIONER SHALL PROVIDE TECHNICAL ASSISTANCE IN THE DEVELOP-
MENT OF CURRICULA FOR SUCH COURSES OF STUDY WHICH SHALL BE AGE APPROPRI-
ATE AND DEVELOPED ACCORDING TO THE NEEDS AND ABILITIES OF PUPILS AT
SUCCESSIVE GRADE LEVELS IN ORDER TO PROVIDE PUPILS WITH FINANCIAL
MANAGEMENT SKILLS.
§ 2. This act shall take effect on the first of July next succeeding
the date on which it shall have become a law. Effective immediately, the
addition, amendment and/or repeal of any rule or regulation necessary
for the implementation of this act on its effective date are authorized
to be made and completed on or before such effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08573-01-9
2019-S4970A - Details
2019-S4970A - Sponsor Memo
BILL NUMBER: S4970A
SPONSOR: ADDABBO
TITLE OF BILL: An act to amend the education law, in relation to
instruction in financial management
SUMMARY OF PROVISIONS:
Amend the education law by adding a new section which would mandate all
school districts to provide instruction in financial management includ-
ing, but not limited to, basic financial literacy necessary for sound
financial decision making, budgeting, savings, credit, debt, insurance,
investment, and other issues associated with personal financial respon-
sibility.
JUSTIFICATION:
Financial literacy is an extremely beneficial tool in improving finan-
cial capability for young people. Many students are unprepared and unin-
formed regarding financial choices as they transition into adulthood. By
incorporating lessons about financial responsibility, students can learn
2019-S4970A - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4970--A
2019-2020 Regular Sessions
I N S E N A T E
April 3, 2019
___________
Introduced by Sen. ADDABBO -- read twice and ordered printed, and when
printed to be committed to the Committee on Education -- committee
discharged, bill amended, ordered reprinted as amended and recommitted
to said committee
AN ACT to amend the education law, in relation to instruction in finan-
cial management
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 817 to
read as follows:
§ 817. COURSES OF STUDY IN FINANCIAL MANAGEMENT. 1. ALL SCHOOL
DISTRICTS IN THE STATE SHALL PROVIDE, TO PUPILS IN GRADES FOUR THROUGH
EIGHT, INSTRUCTION IN FINANCIAL MANAGEMENT INCLUDING, BUT NOT LIMITED
TO, BASIC FINANCIAL LITERACY NECESSARY FOR SOUND FINANCIAL DECISION-MAK-
ING, BUDGETING, SAVINGS, CREDIT, DEBT, INSURANCE, INVESTMENT, AND OTHER
ISSUES ASSOCIATED WITH PERSONAL FINANCIAL RESPONSIBILITY.
2. THE COMMISSIONER SHALL PROVIDE TECHNICAL ASSISTANCE IN THE DEVELOP-
MENT OF CURRICULA FOR SUCH COURSES OF STUDY WHICH SHALL BE AGE APPROPRI-
ATE AND DEVELOPED ACCORDING TO THE NEEDS AND ABILITIES OF PUPILS AT
SUCCESSIVE GRADE LEVELS IN ORDER TO PROVIDE PUPILS WITH FINANCIAL
MANAGEMENT SKILLS.
§ 2. This act shall take effect on the first of July next succeeding
the date on which it shall have become a law. Effective immediately, the
addition, amendment and/or repeal of any rule or regulation necessary
for the implementation of this act on its effective date are authorized
to be made and completed on or before such effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08573-03-9
co-Sponsors
(R, C, IP) Senate District
(D) 20th Senate District
(D, WF) 13th Senate District
2019-S4970B (ACTIVE) - Details
2019-S4970B (ACTIVE) - Sponsor Memo
BILL NUMBER: S4970B
SPONSOR: ADDABBO
TITLE OF BILL: An act to amend the education law, in relation to
instruction in financial management
SUMMARY OF PROVISIONS:
Amend the education law by adding a new section which would mandate all
school districts to provide instruction in financial management includ-
ing, but not limited to, basic financial literacy necessary for sound
financial decision making, budgeting, savings, credit, debt, insurance,
investment, and other issues associated with personal financial respon-
sibility.
JUSTIFICATION:
Financial literacy is an extremely beneficial tool in improving finan-
cial capability for young people. Many students are unprepared and unin-
formed regarding financial choices as they transition into adulthood. By
incorporating lessons about financial responsibility, students can learn
2019-S4970B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4970--B
2019-2020 Regular Sessions
I N S E N A T E
April 3, 2019
___________
Introduced by Sen. ADDABBO -- read twice and ordered printed, and when
printed to be committed to the Committee on Education -- committee
discharged, bill amended, ordered reprinted as amended and recommitted
to said committee -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
AN ACT to amend the education law, in relation to instruction in finan-
cial management
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 817 to
read as follows:
§ 817. COURSES OF STUDY IN FINANCIAL MANAGEMENT. 1. ALL SCHOOL
DISTRICTS IN THE STATE SHALL BE AUTHORIZED TO PROVIDE, TO PUPILS IN
GRADES FOUR THROUGH EIGHT, INSTRUCTION IN FINANCIAL MANAGEMENT INCLUD-
ING, BUT NOT LIMITED TO, BASIC FINANCIAL LITERACY NECESSARY FOR SOUND
FINANCIAL DECISION-MAKING, BUDGETING, SAVINGS, CREDIT, DEBT, INSURANCE,
INVESTMENT, AND OTHER ISSUES ASSOCIATED WITH PERSONAL FINANCIAL RESPON-
SIBILITY. THE COMMISSIONER SHALL ESTABLISH AND DEFINE SUCH FINANCIAL
MANAGEMENT PROGRAM IN REGULATIONS. NOTHING IN THIS SECTION SHALL PREVENT
THE DEPARTMENT FROM MAKING MODEL CURRICULUM AND RESOURCE MATERIALS
AVAILABLE ON THE DEPARTMENT'S WEBSITE.
2. THE COMMISSIONER SHALL PROVIDE TECHNICAL ASSISTANCE IN THE DEVELOP-
MENT OF CURRICULA FOR SUCH COURSES OF STUDY WHICH SHALL BE AGE APPROPRI-
ATE AND DEVELOPED ACCORDING TO THE NEEDS AND ABILITIES OF PUPILS AT
SUCCESSIVE GRADE LEVELS IN ORDER TO PROVIDE PUPILS WITH FINANCIAL
MANAGEMENT SKILLS.
§ 2. This act shall take effect on the first of July next succeeding
the date on which it shall have become a law. Effective immediately, the
addition, amendment and/or repeal of any rule or regulation necessary
for the implementation of this act on its effective date are authorized
to be made and completed on or before such effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
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