Bill

Bill > S2254


MA S2254

MA S2254
Relative to financial literacy in schools


summary

Introduced
04/28/2016
In Committee
04/28/2016
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislationfor legislationfor legislation to establish a curriculum on personal financial literacy in the public schools and of Jonathan D. Zlotnik and others relative to establishing a personal finance, civic responsibility and general legal high school social studies curriculum,- reports the accompanying bill (Senate, No. 2254).

AI Summary

This bill mandates the establishment of a personal financial literacy curriculum in public schools across all grade levels, from pre-kindergarten to 12th grade, to equip students with essential life skills for making informed financial decisions. The Department of Elementary and Secondary Education will develop and implement standards and objectives covering topics such as understanding loans, borrowing, interest, credit card debt, online commerce, home renting and buying rights and responsibilities, saving, investing, retirement planning, banking, checkbook balancing, state and federal taxes, and charitable giving. These standards are to be integrated into existing curricula like mathematics, social sciences, technology, and business by the start of the 2016-2017 school year, with the department providing resources and professional development support to school districts. Additionally, an advisory committee, previously established, will study existing financial literacy programs and their costs, and will subsequently advise and oversee the development and implementation of these new standards, reporting annually on best practices and recommended improvements for three years.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Committee on Education (Joint)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 04/28/2016)

bill text


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bill summary

Document Type Source Location Created
State Bill Page https://malegislature.gov/Bills/189/S2254 04/29/2016
Bill https://malegislature.gov/Bills/189/S2254.pdf 04/29/2016
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