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Bill > H0367

FL H0367

FL H0367
Financial Literacy Instruction in the Public Schools

summary

Introduced
12/09/2013
In Committee
01/08/2014
Crossed Over
Passed
Dead
05/02/2014

Introduced Session

2014 Regular Session

Bill Summary

Revises Next Generation Sunshine State Standards for financial literacy instruction; deletes obsolete requirement relating to cost analysis for implementing separate course in financial literacy; provides that credit requirements for high school graduation & standard diploma include separate course in financial literacy; requires DOE to work with nonprofit organizations to develop standards & curriculum & professional development guidelines for teaching financial literacy.

AI Summary

This bill revises the Next Generation Sunshine State Standards for financial literacy instruction, removing an outdated requirement for a cost analysis of a separate financial literacy course and instead mandating that a separate course in financial literacy be a requirement for high school graduation and a standard diploma. It also requires the Department of Education (DOE) to collaborate with nonprofit organizations that have proven expertise to develop standards, curriculum, and professional development guidelines for teaching financial literacy, which encompasses knowledge and skills for making responsible financial decisions, including earning income, saving, investing, understanding compound interest, insurance, taxes, credit, budgeting, debt management, banking, financial planning, credit reports, and fraud prevention. Furthermore, the bill specifies that beginning with students entering ninth grade in the 2014-2015 school year, a half credit in financial literacy will be required as part of the social studies curriculum, and teachers not certified in related subjects will need to complete at least 14 hours of professional development in financial literacy before teaching such a course.

Committee Categories

Education

Sponsors (44)

Manny Díaz (R)*,  Heather Fitzenhagen (R)*,  Larry Ahern (R),  Jason Brodeur (R),  Michael Clelland (D),  Neil Combee (R),  Janet Cruz (D),  Mark Danish (D),  Karen Dentel (D),  Dwight Dudley (D),  Dane Eagle (R),  Katie Edwards-Walpole (D),  Erik Fresen (R),  Eduardo González (R),  Charles Hood (R),  Ed Hooper (R),  Dave Kerner (D),  Mike La Rosa (R),  Debbie Mayfield (R),  Charles McBurney (R),  Jared Moskowitz (D),  Amanda Murphy (D),  Jeanette Nuñez (R),  Jimmy Patronis (R),  Keith Perry (R),  Kathleen Peters (R),  Ray Pilon (R),  Holly Raschein (R),  Betty Reed (D),  Michelle Rehwinkel Vasilinda (D),  Ronald Renuart (R),  David Richardson (D),  Ray Rodrigues (R),  Patrick Rooney (R),  Darryl Rouson (D),  David Santiago (R),  Jimmie Smith (R),  Ross Spano (R),  Linda Stewart (D),  Victor Torres (D),  Charles Van Zant (R),  Alan Williams (D),  John Wood (R),  Carl Zimmermann (D), 

Last Action

Died in K-12 Subcommittee, companion bill(s) passed, see HB 7031 (Ch. 2014-39) (on 05/02/2014)
(3 Companion Bills)

bill text

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Document Type Source Location Created
State Bill Page http://www.flsenate.gov/Session/Bill/2014/367 12/09/2013
Bill http://www.flsenate.gov/Session/Bill/2014/0367/BillText/Filed/PDF 12/09/2013
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