Assembly Bill A809

2025-2026 Legislative Session

Relates to instruction in financial and insurance literacy for students in grades nine through twelve

download bill text pdf

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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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2025-A809 (ACTIVE) - Details

See Senate Version of this Bill:
S677
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §819, Ed L
Versions Introduced in 2023-2024 Legislative Session:
S9378

2025-A809 (ACTIVE) - Summary

Requires the commissioner of education to develop and adopt instruction in financial and insurance literacy for students in grades nine through twelve.

2025-A809 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    809
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 8, 2025
                                ___________
 
 Introduced  by M. of A. SOLAGES -- read once and referred to the Commit-
   tee on Education
 
 AN ACT to amend the education law, in relation to establishing  instruc-
   tion in financial and insurance literacy
 
   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 819 to
 read as follows:
   § 819. INSTRUCTION IN FINANCIAL AND INSURANCE LITERACY. 1. THE COMMIS-
 SIONER SHALL DEVELOP AND ADOPT CURRICULUM STANDARDS FOR  INSTRUCTION  IN
 FINANCIAL AND INSURANCE LITERACY TO BE COMPLETED BY STUDENTS ENROLLED IN
 SECONDARY  SCHOOL.  UPON  THE EFFECTIVE DATE OF THIS SECTION, EACH LOCAL
 BOARD OF EDUCATION SHALL REQUIRE ALL STUDENTS  IN  GRADES  NINE  THROUGH
 TWELVE, AS A CONDITION OF GRADUATION, TO COMPLETE AT LEAST A HALF-CREDIT
 COURSE  IN FINANCIAL AND INSURANCE LITERACY WHICH IMPLEMENTS THE MINIMUM
 COURSE OF INSTRUCTION STANDARDS ESTABLISHED PURSUANT TO THIS SECTION.
   2. SUCH STANDARDS SHALL INCLUDE BUT NOT BE LIMITED TO  INSTRUCTION  IN
 CORE  COMPETENCIES  OF MONEY MANAGEMENT AND INVESTMENT AND BASIC PRINCI-
 PLES OF  PERSONAL  INSURANCE  POLICIES  AND  RETIREMENT  PLANNING.  SUCH
 INSTRUCTION  MAY  BE  PROVIDED  IN  THE  CONTEXT  OF EXISTING COURSEWORK
 OFFERED BY A LOCAL SCHOOL SYSTEM AND SHALL BE ELIGIBLE TO COUNT TOWARD A
 MATHEMATICS, SOCIAL STUDIES OR ELECTIVE UNIT OF CREDIT  REQUIREMENT  FOR
 GRADUATION.  SUBJECT  TO STATE-APPROPRIATED FUNDING, LOCAL SCHOOL BOARDS
 MAY PROVIDE A UNIT OF STUDY RELATED TO FINANCIAL AND INSURANCE  LITERACY
 SEPARATE FROM EXISTING COURSEWORK.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00337-01-5

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