Senate Bill 2147 Summary

• Requires State Board of Education to incorporate financial literacy components into existing curriculum for grades 6-8 beginning in the 2026-2027 school year for all accredited schools including public charter schools.

• Makes passage of a one-half Carnegie Unit personal finance course or full Carnegie Unit course with at least one-half standards in financial literacy a graduation requirement for students beginning with the graduating class of 2031.

• Establishes the "Financial Literacy Trust Fund" as a special fund in the State Treasury administered by the State Board of Education to support financial literacy education programs.

• Requires the financial literacy program to include instruction in decision-making, earning income, saving and spending, using credit, and budgeting.

• Mandates independent audits of the trust fund every two years with results provided to House and Senate Education Committee chairmen, and requires annual legislative reports on programmatic and financial activities by December 1.