Assembly Bill A2298A

2023-2024 Legislative Session

Requires high schools to provide a course in financial literacy and requires students to complete such course as a condition of graduation

download bill text pdf

Sponsored By

Current 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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Bill Amendments

co-Sponsors

2023-A2298 - Details

See Senate Version of this Bill:
S4860
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §802-b, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: S6345
2011-2012: S1525
2013-2014: S3040
2015-2016: S2899
2017-2018: S8460
2019-2020: S2400
2021-2022: A7220, S5827

2023-A2298 - Summary

Requires high schools in grades nine through twelve to provide a course in financial literacy; requires students to complete such course as a condition of graduation.

2023-A2298 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2298
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 25, 2023
                                ___________
 
 Introduced  by M. of A. JACOBSON, TAYLOR, CRUZ -- read once and referred
   to the Committee on Education
 
 AN ACT to amend the education law, in relation to requiring senior  high
   schools  to  provide  a  course  in  financial  literacy and requiring
   students to complete such course as a condition of graduation

   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 802-b
 to read as follows:
   § 802-B. INSTRUCTION RELATING TO FINANCIAL LITERACY.  1.  THE  COMMIS-
 SIONER  IS HEREBY DIRECTED TO PROVIDE AND PRESCRIBE A COURSE OF INSTRUC-
 TION ON FINANCIAL LITERACY FOR SENIOR HIGH SCHOOL STUDENTS  WHICH  SHALL
 INCLUDE, BUT NOT BE LIMITED TO THE TEACHING OF PERSONAL BUDGETING, WAGES
 AND  TAXES,  SELF-EMPLOYMENT, SAVINGS AND INVESTMENTS (STOCKS, BONDS AND
 MUTUAL FUNDS), DEBT MANAGEMENT, CHECKING ACCOUNTS, CREDIT CARDS,  CREDIT
 SCORES, SAVING FOR EDUCATION AND RETIREMENT, INSURANCE, RIGHTS AND OBLI-
 GATIONS  AS A TENANT, BASIC CONCEPTS ON BORROWING INCLUDING THE PURCHAS-
 ING OF AUTOMOBILES AND HOMES, BENEFITS AND DRAWBACKS OF  LEASING  AND/OR
 PURCHASING  OF  AUTOMOBILES,  AND  THE BENEFITS AND DRAWBACKS OF RENTING
 AND/OR PURCHASING A HOME. THE COURSE SHALL  BE  TAUGHT  ON  A  PASS/FAIL
 BASIS AND SHALL NOT AFFECT THE STUDENT'S GRADE POINT AVERAGE.
   2.  SCHOOL  AUTHORITIES  SHALL PROVIDE THE NEEDED FACILITIES, TIME AND
 PLACE FOR THE INSTRUCTION SET FORTH IN THIS SECTION  AND  SHALL  PROVIDE
 LEARNING  AIDS  AND  CURRICULUM  RESOURCE  MATERIALS WHICH CONTRIBUTE TO
 EFFECTIVE TEACHING METHODS AND LEARNING.
   3. AS A CONDITION OF GRADUATION FROM SENIOR  HIGH  SCHOOL,  A  STUDENT
 SHALL ATTEND AND PASS THE COURSE ON FINANCIAL LITERACY; PROVIDED, HOWEV-
 ER,  THAT  WITH RESPECT TO STUDENTS WHO HAVE INDIVIDUAL EDUCATION PLANS,
 THE COMPLETION OF SUCH COURSE SHALL NOT BE A REQUIREMENT FOR  GRADUATION
 IF  IT  IS  NOT  SPECIFICALLY INCLUDED AS A REQUIREMENT IN THE STUDENT'S
 INDIVIDUAL EDUCATION PLAN RECOMMENDED BY THE SCHOOL  DISTRICT  COMMITTEE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02171-01-3
              

co-Sponsors

2023-A2298A (ACTIVE) - Details

See Senate Version of this Bill:
S4860
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §802-b, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: S6345
2011-2012: S1525
2013-2014: S3040
2015-2016: S2899
2017-2018: S8460
2019-2020: S2400
2021-2022: A7220, S5827

2023-A2298A (ACTIVE) - Summary

Requires high schools in grades nine through twelve to provide a course in financial literacy; requires students to complete such course as a condition of graduation.

2023-A2298A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2298--A
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 25, 2023
                                ___________
 
 Introduced by M. of A. JACOBSON, TAYLOR, CRUZ, ZINERMAN, RAGA, SANTABAR-
   BARA,  LEVENBERG, CUNNINGHAM, McDONALD, VANEL, WOERNER, EPSTEIN, HUNT-
   ER, GIBBS, REYES -- read once and referred to the Committee on  Educa-
   tion  --  committee  discharged,  bill  amended,  ordered reprinted as
   amended and recommitted to said committee

 AN ACT to amend the education law, in relation to requiring high schools
   to provide a course in financial literacy and  requiring  students  to
   complete such course as a condition of graduation
 
   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  802-b
 to read as follows:
   §  802-B.  INSTRUCTION  RELATING TO FINANCIAL LITERACY. 1. THE COMMIS-
 SIONER IS HEREBY DIRECTED TO PROVIDE AND PRESCRIBE A COURSE OF  INSTRUC-
 TION  ON  FINANCIAL  LITERACY  FOR  HIGH  SCHOOL STUDENTS IN GRADES NINE
 THROUGH TWELVE WHICH SHALL INCLUDE, BUT NOT BE LIMITED TO  THE  TEACHING
 OF  PERSONAL  BUDGETING,  WAGES  AND TAXES, SELF-EMPLOYMENT, SAVINGS AND
 INVESTMENTS (STOCKS, BONDS AND MUTUAL FUNDS), DEBT MANAGEMENT,  CHECKING
 ACCOUNTS,  CREDIT CARDS, CREDIT SCORES, SAVING FOR EDUCATION AND RETIRE-
 MENT, INSURANCE, RIGHTS AND OBLIGATIONS AS A TENANT, BASIC  CONCEPTS  ON
 BORROWING  INCLUDING  THE  PURCHASING OF AUTOMOBILES AND HOMES, BENEFITS
 AND DRAWBACKS OF LEASING AND/OR PURCHASING OF AUTOMOBILES, AND THE BENE-
 FITS AND DRAWBACKS OF RENTING AND/OR PURCHASING A HOME. THE COURSE SHALL
 BE TAUGHT ON A PASS/FAIL BASIS AND SHALL NOT AFFECT THE STUDENT'S  GRADE
 POINT AVERAGE.
   2.  SCHOOL  AUTHORITIES  SHALL PROVIDE THE NEEDED FACILITIES, TIME AND
 PLACE FOR THE INSTRUCTION SET FORTH IN THIS SECTION  AND  SHALL  PROVIDE
 LEARNING  AIDS  AND  CURRICULUM  RESOURCE  MATERIALS WHICH CONTRIBUTE TO
 EFFECTIVE TEACHING METHODS AND LEARNING.
   3. AS A CONDITION OF GRADUATION FROM  HIGH  SCHOOL,  A  STUDENT  SHALL
 ATTEND  AND  PASS  THE  COURSE ON FINANCIAL LITERACY; PROVIDED, HOWEVER,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02171-03-3
              

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