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Bill > S09378


NY S09378

NY S09378
Requires the commissioner of education to develop and adopt instruction in financial and insurance literacy for students in grades nine through twelve.


summary

Introduced
05/14/2024
In Committee
05/14/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the education law, in relation to establishing instruction in financial and insurance literacy

AI Summary

This bill requires the Commissioner of Education to develop and adopt curriculum standards for instruction in financial and insurance literacy to be completed by students enrolled in secondary school. It mandates that each local board of education require all students in grades 9-12, as a condition of graduation, to complete at least a half-credit course in financial and insurance literacy that implements the minimum course standards established. The standards must include instruction in core competencies of money management, investment, and basic principles of personal insurance policies and retirement planning. The instruction can be provided in the context of existing coursework or as a separate unit of study, subject to state-appropriated funding.

Committee Categories

Education

Sponsors (1)

Last Action

REFERRED TO EDUCATION (on 05/14/2024)

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