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MA S752
Bill
AI Summary
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Establishes the Massachusetts Financial Literacy and Longevity Hub, a centralized online portal providing resources on financial education, budgeting, insurance, retirement planning, wealth building, and information on accredited financial institutions searchable by zip code
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Creates a 13-member Adult Financial Literacy Education Consortium to develop a universal adult financial literacy curriculum, with recommendations due within 1 year of the act's effective date
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Requires regional financial literacy centers across the commonwealth, funded through a competitive grant program administered by the Department of Higher Education at no cost to participants
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Establishes a special legislative commission to develop a statewide financial literacy strategy, studying topics including cryptocurrencies, online commerce, identity theft prevention, and potential tax credits for completing financial education, with a report due by December 1, 2025
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Mandates a semester-long personal finance class with an experiential learning component for all 11th or 12th grade students in Massachusetts public high schools
Legislative Description
Promoting financial literacy, wealth-building, and economic opportunity for all
Last Action
Accompanied a new draft, see S2988
3/12/2026