Bill > A01337

This bill mandates that high school students in grades nine through twelve will be required to take a half-credit course in financial education, designed to provide comprehensive financial literacy training. The curriculum, to be developed by the state education commissioner in consultation with the department of financial services, will cover an extensive range of financial topics including banking (such as opening accounts), understanding various financial products and loans, money management principles, credit scores, debt management, taxes, interest rate calculations, savings and investment strategies, financial planning, and understanding state and federal financial laws. Specific topics include how to open and maintain bank accounts, comprehend billing statements, compute interest rates, understand simple contracts, and learn about different types of financial products like insurance. The bill will take effect 120 days after becoming law, with provisions allowing immediate preparation of necessary regulations to implement the financial education program. The goal appears to be equipping high school students with practical financial knowledge to help them make informed financial decisions in their future.

Education

https://www.nysenate.gov/legislation/bills/2025/A1337