Bill > LD315

This bill mandates the addition of a personal finance course to high school graduation requirements in Maine. Specifically, the legislation defines "personal finance" as a course of study covering applications of money in areas like saving, investing, banking, and the stock market. The bill modifies existing education regulations by requiring secondary schools to include one year of personal finance as part of their mathematics instruction. This change increases the mathematics graduation requirement from 2 to 3 years, with the new year specifically dedicated to personal finance education. The bill also requires the commissioner of education to develop technical assistance programs that promote financial literacy and prepare annual reports with strategies and resources for implementing personal finance instruction. Additionally, the bill removes personal finance from the social studies curriculum and establishes it as a distinct, mandatory mathematics course. By doing so, the legislation aims to ensure that high school students gain practical financial knowledge before graduating, potentially helping them make more informed financial decisions in the future.

Education

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=315&snum=132