assembly Bill A3497

2019-2020 Legislative Session

Relates to establishing instruction in financial literacy for students in sixth through eighth grade

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to education
Jan 29, 2019 referred to education

A3497 (ACTIVE) - Details

See Senate Version of this Bill:
S4077
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §803-b, Ed L
Versions Introduced in 2021-2022 Legislative Session:
A5516, A9652, S1927

A3497 (ACTIVE) - Summary

Relates to establishing instruction in financial literacy for students in sixth through eighth grade; requires such instruction to include content on budgeting, savings, credit, debt, insurance, investment, and other issues associated with personal financial responsibility as determined by the education department.

A3497 (ACTIVE) - Bill Text download pdf 


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

                                  3497

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            January 29, 2019
                               ___________

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

AN ACT to amend the education law, in relation to establishing  instruc-
  tion in financial literacy for students in sixth through eighth grade

  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:
  § 803-B. INSTRUCTION RELATING TO FINANCIAL LITERACY. 1. THE DEPARTMENT
SHALL  REQUIRE  THAT A SCHOOL DISTRICT INCORPORATE IN EACH OF THE GRADES
SIX THROUGH EIGHT FINANCIAL LITERACY INSTRUCTION FOR PUPILS ENROLLED  IN
SUCH  GRADES. THE PURPOSE OF SUCH INSTRUCTION SHALL BE TO PROVIDE MIDDLE
SCHOOL STUDENTS WITH THE BASIC FINANCIAL LITERACY  NECESSARY  FOR  SOUND
FINANCIAL DECISION-MAKING.
  2.  THE  INSTRUCTION  SHALL  MEET  THE REQUIREMENTS ESTABLISHED BY THE
DEPARTMENT AND SHALL:
  A. BE APPROPRIATE TO, AND REFLECT THE AGE AND  COMPREHENSION  OF,  THE
STUDENTS ENROLLED IN THE PARTICULAR GRADE LEVEL; AND
  B.  INCLUDE  CONTENT  ON  BUDGETING, SAVINGS, CREDIT, DEBT, INSURANCE,
INVESTMENT, AND OTHER ISSUES ASSOCIATED WITH PERSONAL FINANCIAL  RESPON-
SIBILITY AS DETERMINED BY THE DEPARTMENT.
  3.  THE  COMMISSIONER  SHALL  PROVIDE  SCHOOL  DISTRICTS  WITH  SAMPLE
INSTRUCTIONAL MATERIALS AND RESOURCES THAT MAY BE USED  TO  SUPPORT  THE
IMPLEMENTATION OF THE FINANCIAL LITERACY INSTRUCTION REQUIREMENT.
  §  2.  This  act  shall take effect immediately and shall apply to all
school years commencing on or after the first of  July  next  succeeding
the date upon which it shall have become a law.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06748-01-9