summary
Introduced
01/17/2025
01/17/2025
In Committee
01/23/2025
01/23/2025
Crossed Over
Passed
Dead
Introduced Session
2025 Regular Session
Bill Summary
Beginning with the 2026-2027 school year, requires the Department of Education to include the teaching of financial literacy in kindergarten through grade twelve. Requires students in grades nine through twelve to complete a one-half credit in financial literacy before graduation. Requires the Board of Education to provide professional development to teachers who are teaching financial literacy courses.
AI Summary
This bill requires the Hawaii Department of Education to develop and implement a comprehensive financial literacy curriculum for all public school students from kindergarten through twelfth grade, beginning with the 2026-2027 school year. For students in kindergarten through eighth grade, the curriculum will introduce age-appropriate financial concepts such as credit, borrowing, and financial management. For high school students (grades 9-12), the bill mandates a mandatory half-credit financial literacy course as a graduation requirement, which will cover more advanced topics like credit cards, mortgages, educational financing, and credit reporting, using national economic education standards. The curriculum will be integrated across appropriate courses and grade levels, and the Board of Education will be responsible for providing professional development to teachers to ensure they are qualified to teach these financial literacy courses. The bill's purpose is to address the historical gap in financial education and prepare students to be financially responsible adults by equipping them with essential money management skills.
Committee Categories
Education
Sponsors (14)
Henry Aquino (D)*,
Stanley Chang (D)*,
Brandon Elefante (D)*,
Kurt Fevella (R)*,
Mike Gabbard (D)*,
Troy Hashimoto (D)*,
Dru Kanuha (D)*,
Michelle Kidani (D)*,
Donna Kim (D)*,
Chris Lee (D)*,
Karl Rhoads (D)*,
Tim Richards (D)*,
Glenn Wakai (D)*,
Joy San Buenaventura (D),
Last Action
Carried over to 2026 Regular Session. (on 12/08/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=605&year=2026 |
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=605&year=2025 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/SB605_.HTM |
| BillText | https://www.capitol.hawaii.gov/sessions/session2025/bills/SB605_.HTM |
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