summary
Introduced
04/15/2015
04/15/2015
In Committee
04/15/2015
04/15/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
For legislation relative to high school financial literacy education. Education.
AI Summary
This bill mandates that the Massachusetts Department of Elementary and Secondary Education (DESE) develop and implement standards and objectives for personal financial literacy education for students in grades 9 through 12, to be integrated into the existing mathematics curriculum by the 2016-2017 school year. The curriculum will cover essential topics such as student loans and debt, borrowing money, interest, credit card debt, online commerce, home renting and buying, saving and investing for retirement, banking and financial services, state and federal taxes, and balancing a checkbook, aiming to equip students with the skills for financial independence and informed decision-making. The DESE will also provide resources and cost-effective professional development for educators to support this initiative and may seek funding from various sources, including the Financial Literacy Trust Fund.
Committee Categories
Education
Sponsors (7)
Eileen Donoghue (D)*,
Jim Arciero (D),
Sal DiDomenico (D),
Danielle Gregoire (D),
Robert Koczera (D),
Barbara L'Italien (D),
Bruce Tarr (R),
Last Action
Accompanied a new draft, see S2254 (on 04/28/2016)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://malegislature.gov/Bills/189/Senate/S275 | 11/24/2016 |
| State Bill Page | https://malegislature.gov/Bills/189/S275 | 04/16/2015 |
| Bill | https://malegislature.gov/Bills/189/S275.pdf | 04/16/2015 |
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