Senate Bill S1927

2021-2022 Legislative Session

Relates to establishing instruction in financial literacy for students in sixth through eighth grade

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Education 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

2021-S1927 (ACTIVE) - Details

See Assembly Version of this Bill:
A9652
Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Add §803-c, Ed L
Versions Introduced in Other Legislative Sessions:
2019-2020: S4077, A3497
2023-2024: S1030, A1557

2021-S1927 (ACTIVE) - Summary

Relates to establishing instruction in financial literacy for students in sixth through eighth grade; requires such instruction to include content on budgeting, savings, credit, debt, insurance, investment, and other issues associated with personal financial responsibility as determined by the education department.

2021-S1927 (ACTIVE) - Sponsor Memo

2021-S1927 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1927
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 16, 2021
                                ___________
 
 Introduced  by  Sens.  JACKSON,  BRESLIN,  PERSAUD,  SALAZAR, SEPULVEDA,
   THOMAS -- read twice and ordered  printed,  and  when  printed  to  be
   committed to the Committee on Education
 
 AN  ACT to amend the education law, in relation to establishing instruc-
   tion in financial literacy for students in sixth through eighth grade

   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 803-c
 to read as follows:
   § 803-C. INSTRUCTION RELATING TO FINANCIAL LITERACY. 1. THE DEPARTMENT
 SHALL REQUIRE THAT A SCHOOL DISTRICT INCORPORATE IN EACH OF  THE  GRADES
 SIX  THROUGH EIGHT FINANCIAL LITERACY INSTRUCTION FOR PUPILS ENROLLED IN
 SUCH GRADES. THE PURPOSE OF SUCH INSTRUCTION SHALL BE TO PROVIDE  MIDDLE
 SCHOOL  STUDENTS  WITH  THE BASIC FINANCIAL LITERACY NECESSARY FOR SOUND
 FINANCIAL DECISION-MAKING.
   2. THE INSTRUCTION SHALL MEET  THE  REQUIREMENTS  ESTABLISHED  BY  THE
 DEPARTMENT AND SHALL:
   A.  BE  APPROPRIATE  TO, AND REFLECT THE AGE AND COMPREHENSION OF, THE
 STUDENTS ENROLLED IN THE PARTICULAR GRADE LEVEL; AND
   B. INCLUDE CONTENT ON BUDGETING,  SAVINGS,  CREDIT,  DEBT,  INSURANCE,
 INVESTMENT,  AND OTHER ISSUES ASSOCIATED WITH PERSONAL FINANCIAL RESPON-
 SIBILITY AS DETERMINED BY THE DEPARTMENT.
   3.  THE  COMMISSIONER  SHALL  PROVIDE  SCHOOL  DISTRICTS  WITH  SAMPLE
 INSTRUCTIONAL  MATERIALS  AND  RESOURCES THAT MAY BE USED TO SUPPORT THE
 IMPLEMENTATION OF THE FINANCIAL LITERACY INSTRUCTION REQUIREMENT.
   § 2. This act shall take effect immediately and  shall  apply  to  all
 school  years  commencing  on or after the first of July next succeeding
 the date upon which it shall have become a law.
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02281-01-1

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.