Assembly Bill A2928A

2023-2024 Legislative Session

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

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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-A2928 - Details

See Senate Version of this Bill:
S918
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §818, Ed L
Versions Introduced in 2021-2022 Legislative Session:
A6234, S7257

2023-A2928 - 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.

2023-A2928 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2928
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 1, 2023
                                ___________
 
 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.
                                                            LBD02606-01-3

co-Sponsors

2023-A2928A (ACTIVE) - Details

See Senate Version of this Bill:
S918
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §818, Ed L
Versions Introduced in 2021-2022 Legislative Session:
A6234, S7257

2023-A2928A (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.

2023-A2928A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2928--A
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 1, 2023
                                ___________
 
 Introduced  by  M.  of  A. JENSEN, NORRIS, DeSTEFANO, E. BROWN, BENDETT,
   BLUMENCRANZ, TAGUE, GALLAHAN,  MANKTELOW,  ANGELINO,  BROOK-KRASNY  --
   read once and referred to the Committee on Education -- recommitted to
   the  Committee on Education in accordance with Assembly Rule 3, sec. 2
   -- committee discharged, bill amended, ordered  reprinted  as  amended
   and recommitted to said committee
 
 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 818 to
 read as follows:
   §  818.  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;

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02606-02-4

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