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NY A05430
Bill
Status
3/10/2023
Primary Sponsor
Daniel Rosenthal
Click for details
AI Summary
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Requires all public schools in New York to provide financial education instruction to students in grades 9-12 through a comprehensive financial literacy program.
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Allows schools to fulfill this requirement through the finance unit of required high school economics courses or existing financial management courses, with encouragement to develop additional local courses.
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School district boards of education must develop and maintain financial literacy programs covering 15 specified topics including budgeting, credit management, banking, taxes, investments, insurance, and retirement planning.
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Directs the state commissioner to provide assistance to schools in developing age-appropriate curricula tailored to the needs and abilities of secondary school students.
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Takes effect 120 days after becoming law.
Legislative Description
Establishes that instruction in financial education be provided to pupils in grades nine through twelve; establishes what should be included in such curriculum including the basics of financial planning, budgeting, borrowing, interest rates, personal insurance policies, etc.
Last Action
enacting clause stricken
7/17/2023