MA S421

Establishes the Financial Literacy Trust Fund, administered by the Commissioner of Elementary and Secondary Education, to fund curriculum development and professional development training for teachers in financial literacy

Changes financial literacy instruction from optional ("may") to mandatory ("shall") for Massachusetts public schools, taking effect one full academic year after enactment

Expands required financial literacy topics to include loans, interest, credit, investments, taxes, retirement planning, home buying/renting, identity theft protection, and emerging technologies like cryptocurrencies

Requires the commissioner to prioritize funding for underserved communities and schools with high concentrations of economically disadvantaged students, as well as schools implementing financial literacy programs for the first time

Mandates annual reporting by October 1 to the legislature on fund activity, including sources of funds, expenditures, grants issued, and number of schools using the fund