Assembly Bill A5595

2023-2024 Legislative Session

Requires instruction in owning and operating a business

download bill text pdf

Sponsored By

Current 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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2023-A5595 (ACTIVE) - Details

Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §817, Ed L
Versions Introduced in 2021-2022 Legislative Session:
A10329

2023-A5595 (ACTIVE) - Summary

Requires instruction in owning and operating a business including, but not limited to, basic financial literacy necessary for sound financial decision-making, leadership, management, communication, budgeting, savings, credit, debt, insurance, taxation, and other issues associated with owning and operating a business.

2023-A5595 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5595
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 16, 2023
                                ___________
 
 Introduced by M. of A. K. BROWN -- read once and referred to the Commit-
   tee on Education
 
 AN  ACT to amend the education law, in relation to requiring instruction
   in owning and operating a business
 
   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.  INSTRUCTION IN OWNING AND OPERATING A BUSINESS. 1. ALL SCHOOL
 DISTRICTS IN THE STATE SHALL PROVIDE TO PUPILS INSTRUCTION IN OWNING AND
 OPERATING A BUSINESS INCLUDING, BUT  NOT  LIMITED  TO,  BASIC  FINANCIAL
 LITERACY  NECESSARY  FOR  SOUND  FINANCIAL  DECISION-MAKING, LEADERSHIP,
 MANAGEMENT, COMMUNICATION, BUDGETING, SAVINGS, CREDIT, DEBT,  INSURANCE,
 TAXATION,  AND OTHER ISSUES ASSOCIATED WITH OWNING AND OPERATING A BUSI-
 NESS. THE COMMISSIONER SHALL ESTABLISH AND DEFINE SUCH PROGRAM IN  REGU-
 LATIONS.  NOTHING  IN  THIS  SECTION  SHALL  PREVENT THE DEPARTMENT FROM
 MAKING MODEL CURRICULUM AND RESOURCE MATERIALS AVAILABLE ON THE  DEPART-
 MENT'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  THE  SKILLS  TO
 OWN AND OPERATE A BUSINESS.
   §  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.
                                                            LBD06541-01-3

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