Bill > A00991

This bill establishes a pilot program within the State University of New York (SUNY) system designed to introduce college students to career opportunities in the financial planning industry. The program will leverage campus resources like multi-cultural centers and career counseling centers to create a comprehensive initiative. Key components include a paid internship at an approved financial institution, career counseling, preparation for the security industry essentials exam, and requiring participants to maintain a minimum 2.8 grade point average. Financial institutions must meet specific eligibility criteria, including completing an application, attending a virtual orientation, agreeing to a set wage for student employees, maintaining an approved student-to-mentor ratio, and providing detailed performance reviews of student interns. The SUNY board of trustees will be responsible for monitoring the program's effectiveness and must submit annual reports to the legislature. The pilot program is set to run for three years, after which it will be automatically repealed, allowing policymakers to assess its impact and potential long-term implementation.

Education

https://www.nysenate.gov/legislation/bills/2025/A991