MA S381

Bill

MA S381

Requiring financial education in schools

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to require financial education in schools. Education.

AI Summary

This bill establishes the Financial Literacy Trust Fund to be administered by the Commissioner of Elementary and Secondary Education. The fund will be used to support financial education and professional development in schools. The bill requires the Commissioner to report annually on the fund's activity, including the source and amount of funds received, the expenditures, and any grants provided to higher education institutions and other stakeholder organizations. The bill also makes changes to an existing law by replacing a section reference from "1P" to "1Q" and "1R", and by changing the word "may" to "shall" in a subparagraph, indicating that schools are required, rather than just allowed, to take certain actions related to financial education. Sections 1 and 4 of the bill will take effect one full academic year after it is enacted.

Committee Categories

Education

Sponsors (2)

Patrick O'Connor (R)*, Sal DiDomenico (D),

Last Action

Accompanied a study order, see S2756 (on 03/14/2022)

Official Document

https://malegislature.gov/Bills/192/S381

(11 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/S381
Bill	https://malegislature.gov/Bills/192/S381.pdf

Bill	Bill Name	Last Action	Type
H538	Relative to the safety of schools, residences, and public assemblies	Accompanied H653	Similar To
H578	Establishing a personal financial literacy curriculum in schools	Accompanied a study order, see H5135	Similar To
S2756	Order relative to authorizing the joint committee on Education to make an investigation and study of certain current Senate documents relative to education issues	Discharged to the committee on Senate Rules	Replaced by
S298	To promote student nutrition	Accompanied S2532	Similar To
S327	Prohibiting against age discrimination within the public schools	Accompanied a study order, see S2756	Similar To
S329	To ensure that public schools appropriately educate advanced students and gifted and talented children	Accompanied a study order, see S2756	Similar To
S346	Relative to financial literacy education	Accompanied a study order, see S2756	Similar To
S380	Relative to student financial literacy	Accompanied a study order, see S2756	Similar To
S425	Promoting innovation in eldercare services	Accompanied a new draft, see H4780	Similar To
S505	Relative to funding water infrastructure and addressing economic target areas	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S560	Establishing the Office of Outdoor Recreation	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To

Bill > S381

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary