Assembly Bill A6234

2021-2022 Legislative Session

Requires all public and private schools to provide financial literacy education to certain pupils

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2021-A6234 (ACTIVE) - Details

See Senate Version of this Bill:
S7257
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §817, Ed L
Versions Introduced in 2023-2024 Legislative Session:
A2928, S918

2021-A6234 (ACTIVE) - Summary

Requires all public and private schools to provide financial literacy education to pupils in grade eleven; directs that certain topics be covered in such educational program.

2021-A6234 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6234
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 10, 2021
                                ___________
 
 Introduced by M. of A. JENSEN -- read once and referred to the Committee
   on Education
 
 AN  ACT  to amend the education law, in relation to requiring all public
   and private schools to provide financial literacy education to certain
   pupils
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The education law is amended by adding a new section 817 to
 read as follows:
   §  817.  INSTRUCTION RELATING TO FINANCIAL LITERACY. 1. THE DEPARTMENT
 AND BOARD OF REGENTS SHALL REQUIRE THAT ALL PUBLIC AND  PRIVATE  SCHOOLS
 IN  THE STATE INCORPORATE A COURSE OR FULL UNIT OF INSTRUCTION IN FINAN-
 CIAL EDUCATION DELIVERED BY MEANS OF A COMPREHENSIVE FINANCIAL  LITERACY
 PROGRAM  FOR  ALL  PUPILS  IN GRADE ELEVEN WHO INTEND TO GRADUATE WITH A
 REGENTS, LOCAL, OR ADVANCED DESIGNATION REGENTS DIPLOMA.
   2. THE REQUIREMENTS OF THIS  SECTION  MAY  BE  FULFILLED  THROUGH  (A)
 INCORPORATING  FINANCIAL  LITERACY  COURSEWORK  INTO AN EXISTING COURSE,
 PROVIDED THAT SUCH  COURSEWORK  SHALL  BE  APPORTIONED  APPROPRIATE  AND
 SUBSTANTIAL  TIME  TO  ENSURE  THAT THE ENUMERATED TOPICS ARE ADEQUATELY
 COVERED; OR (B) ESTABLISHING A NEW COURSE SOLELY DEDICATED TO  FINANCIAL
 LITERACY.
   3.  THE  BOARD OF EDUCATION OR TRUSTEES OF EACH SCHOOL IS CHARGED WITH
 DEVELOPING AND MAINTAINING A FINANCIAL LITERACY PROGRAM  FOR  PUPILS  IN
 GRADE  ELEVEN  THAT SHALL INCLUDE, BUT NOT BE LIMITED TO, INSTRUCTION IN
 THE FOLLOWING TOPICS:
   (A) TAXES;
   (B) STUDENT LOANS;
   (C) CAR LOANS AND LEASES;
   (D) MORTGAGES AND RENT;
   (E) DEBT;
   (F) INTEREST RATES;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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