Senate Bill S6850

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6850
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                              March 25, 2025
                                ___________
 
 Introduced  by  Sen.  WEBB  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Higher Education
 
 AN ACT to amend the education law, in relation to establishing  a  state
   university  of  New  York  pilot  program  to encourage individuals in
   college to enter the financial planning industry;  and  providing  for
   the repeal of such provisions upon expiration thereof
 
   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  355-f
 to read as follows:
   §  355-F. STATE UNIVERSITY OF NEW YORK FINANCIAL CAREER PILOT PROGRAM.
 1.  THERE SHALL BE ESTABLISHED BY THE BOARD OF  TRUSTEES  OF  THE  STATE
 UNIVERSITY,  A  STATE  UNIVERSITY  OF  NEW  YORK  FINANCIAL CAREER PILOT
 PROGRAM DESIGNED TO EDUCATE COLLEGE STUDENTS ON THE CAREER OPPORTUNITIES
 IN THE FINANCIAL PLANNING INDUSTRY.
   2. THE BOARD OF TRUSTEES SHALL, THROUGH ITS OWN MEANS OR BY PARTNERING
 WITH A COMPANY THAT IMPLEMENTS FINANCIAL  CAREER  PLANNING  INITIATIVES,
 CREATE  A  PILOT  PROGRAM THAT WORKS WITH THE FOLLOWING STATE UNIVERSITY
 CAMPUS RESOURCES TO CREATE A WELL-ROUNDED PROGRAM  AND  DIVERSE  STUDENT
 INVOLVEMENT:
   (A) CAMPUS MULTI-CULTURAL CENTER;
   (B) CAMPUS CAREER COUNSELING CENTER; AND
   (C)  ANY OTHER CAMPUS RESOURCE DEEMED NECESSARY FOR THE PROGRAM ESTAB-
 LISHED PURSUANT TO THIS SECTION.
   3. (A) IN CONJUNCTION WITH  THE  STATE  UNIVERSITY,  THE  BOARD  SHALL
 CREATE A PILOT PROGRAM THAT INCLUDES:
   (I) A PAID INTERNSHIP AT AN APPROVED FINANCIAL INSTITUTION;
   (II) CAREER COUNSELING;
   (III) PREPARATION FOR THE SECURITY INDUSTRY ESSENTIALS EXAM; AND
   (IV) A GRADE POINT AVERAGE REQUIREMENT OF 2.8 ON A 4.0 SCALE;

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02600-01-5
 S. 6850                             2
              

 
   (B)  THE  BOARD  SHALL DETERMINE A FINANCIAL INSTITUTION'S ELIGIBILITY
 CRITERIA TO RECEIVE A STUDENT EMPLOYEE WHICH SHALL INCLUDE, BUT  NOT  BE
 LIMITED TO, THE FOLLOWING:
   (I) AN APPLICATION TO BE COMPLETED BY THE FINANCIAL INSTITUTION;
   (II)  A  MANDATED,  VIRTUAL ORIENTATION TO BE ATTENDED BY THE APPROVED
 FINANCIAL INSTITUTIONS' REPRESENTATIVES;
   (III) AN AGREEMENT TO PAY THE STUDENT EMPLOYEES AT A SET  WAGE  TO  BE
 DETERMINED BY THE BOARD OF TRUSTEES;
   (IV) AN APPROVED STUDENT TO MENTOR RATIO; AND
   (V)  REPORTING REQUIREMENTS ON STUDENT AND PROGRAM SUCCESS, INCLUDING,
 BUT NOT LIMITED TO, A MID-SEMESTER  AND  FINAL  REVIEW  OF  THE  STUDENT
 EMPLOYEE  WHICH  MAY  INCLUDE, BUT IS NOT LIMITED TO, THE FOLLOWING ON A
 SCALE OF EXCEPTIONAL, GOOD, FAIR, AND UNSATISFACTORY:
   (1) QUALITY OF WORK;
   (2) ABILITY TO MEET DEADLINES;
   (3) WRITTEN COMMUNICATION SKILLS;
   (4) ORAL COMMUNICATION SKILLS; AND
   (5) THE ABILITY TO ASSESS AND INITIATE THINGS INDEPENDENTLY.
   4. THE BOARD OF TRUSTEES SHALL BE RESPONSIBLE FOR MONITORING THE QUAL-
 ITY, APPROPRIATENESS AND EFFECTIVENESS OF SUCH PROGRAM AND SHALL  REPORT
 TO  THE  LEGISLATURE  WITHIN  ONE  YEAR  OF  THE  EFFECTIVE DATE OF THIS
 SECTION, AND ON THE  FIRST  OF  JANUARY  ANNUALLY  THEREAFTER,  ON  SUCH
 PROGRAM'S EFFECTIVENESS.
   §  2.  This  act shall take effect immediately and shall expire and be
 deemed repealed three years after such date.