AR HB1622

Changes the Department of Workforce Education to Department of Career Education in consultation with the Department of Education to develop economics and personal finance course content guidelines and textbooks.

Requires course content guidelines for the economics credit needed for high school graduation to include specific personal finance material beginning in the 2015-2016 school year.

Mandates instruction in four main areas: Income (employment choices, benefits, purchasing power, taxes), Money Management (budgets, checking accounts, insurance, charitable giving), Spending and Credit (consumer finance, identity fraud, debt and credit management, bankruptcy, consumer protection), and Saving and Investing (methods of saving and investing, retirement planning, risk and return, investment regulation).

Expands required course content from basic topics like household budgets, checking accounts, and consumer finance to include online commerce, identity fraud, home ownership, and bankruptcy.