summary
Introduced
04/28/2016
04/28/2016
In Committee
04/28/2016
04/28/2016
Crossed Over
Passed
Dead
07/31/2016
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)
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/S2254 | 04/29/2016 |
| Bill | https://malegislature.gov/Bills/189/S2254.pdf | 04/29/2016 |
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