Bill

Bill > SB2147


MS SB2147

Financial literacy curriculum; require specific courses in public schools in grades 6-12.


summary

Introduced
01/20/2025
In Committee
02/17/2025
Crossed Over
02/11/2025
Passed
Dead
03/04/2025

Introduced Session

Potential new amendment
2025 Regular Session

Bill Summary

An Act To Require The State Board Of Education To Incorporate Financial Literacy Components Within The Existing Curriculum To Be Taught In Grades 6-8 On Or Before The 2026-2027 School Year; To Require Successful Passage Of The Stand-alone One-half Carnegie Unit Personal Finance Course Or A Full Carnegie Unit Course Where At Least One-half Of The Course Standards Concern Financial Literacy As A Graduation Requirement; To Establish The "financial Literacy Trust Fund" As A Special Fund In The State Treasury That Shall Provide Financial Literacy Education And Be Administered By The State Board Of Education; To Require The Board To Develop Rules And Regulations For The Administration Of The Fund; To Amend Section 37-7-301, Mississippi Code Of 1972, To Conform, And To Set Certain Topics That Shall Be Required For The Financial Literacy Program; And For Related Purposes.

AI Summary

This bill aims to enhance financial literacy education in Mississippi's public schools by requiring the State Board of Education to incorporate financial literacy components into the existing curriculum for grades 6-8 beginning in the 2026-2027 school year. Starting with the graduating class of 2031, students will be required to successfully complete a half-Carnegie Unit course in personal finance (or a full Carnegie Unit course with at least half the standards focused on financial literacy) during grades 9-12 as a graduation requirement. The bill establishes a Financial Literacy Trust Fund administered by the State Board of Education to support these educational efforts, with provisions for independent audits every two years and annual reporting to the Legislature. The financial literacy curriculum will cover key topics such as decision-making, earning income, saving and spending, using credit, and budgeting. School boards will be authorized to coordinate with various organizations, including Junior Achievement and local community organizations, to develop and implement the program. The legislation aims to ensure that students gain practical financial skills that can help them make informed economic decisions throughout their lives, with the program set to take effect on July 1, 2025.

Committee Categories

Education

Sponsors (12)

Last Action

Died In Committee (on 03/04/2025)

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