senate Bill S1927

2021-2022 Legislative Session

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

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Sponsored By

Current Bill Status - In Senate Committee Education 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 05, 2022 referred to education
Jan 16, 2021 referred to education

Co-Sponsors

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S1927 (ACTIVE) - Details

See Assembly Version of this Bill:
A9652
Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Add §803-c, Ed L
Versions Introduced in 2019-2020 Legislative Session:
S4077, A3497

S1927 (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.

S1927 (ACTIVE) - Sponsor Memo

S1927 (ACTIVE) - Bill Text download pdf 

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1927
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 16, 2021
                                ___________
 
 Introduced  by  Sens.  JACKSON,  BRESLIN,  PERSAUD,  SALAZAR, SEPULVEDA,
   THOMAS -- 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 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-c
 to read as follows:
   § 803-C. 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.
                                                            LBD02281-01-1

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