summary
Introduced
01/23/2025
01/23/2025
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 implement a comprehensive financial literacy curriculum for all public school students from kindergarten through twelfth grade, beginning in the 2026-2027 school year. For students in kindergarten through eighth grade, the curriculum will introduce age-appropriate financial concepts integrated across various courses, covering topics such as credit, borrowing, mortgages, and credit reporting. For high school students (grades nine through twelve), the bill mandates a specific half-credit financial literacy course that is required for graduation, which will include more advanced topics like planning for postsecondary education and in-depth financial management skills. The curriculum will be based on national standards established by the Council for Economic Education, and the Board of Education will be responsible for providing professional development to teachers who will be teaching these financial literacy courses. The legislature's rationale for the bill is to address the historical gap in financial education, recognizing that not all students learn essential financial skills from their families and that such education is crucial for preparing youth to achieve financial independence and prosperity.
Committee Categories
Education
Sponsors (14)
Diamond Garcia (R)*,
Darius Kila (D)*,
Sam Kong (D)*,
Trish La Chica (D)*,
Nicole Lowen (D)*,
Scot Matayoshi (D)*,
Tyson Miyake (D)*,
Ikaika Olds (D)*,
Elijah Pierick (R)*,
Mahina Poepoe (D)*,
Kanani Souza (R)*,
Adrian Tam (D)*,
Chris Todd (D)*,
Gene Ward (R)*,
Last Action
Referred to EDN, FIN, referral sheet 3 (on 01/23/2025)
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=HB&billnumber=865&year=2025 |
BillText | https://www.capitol.hawaii.gov/sessions/session2025/bills/HB865_.HTM |
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