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NY A01124
Bill
Status
1/9/2025
Primary Sponsor
Rebecca Seawright
Click for details
AI Summary
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Requires all New York school districts to provide one full unit of consumer awareness and financial education instruction to students in grades 9-12
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Mandates curriculum covering budgeting, banking services, credit and debt management, interest rate calculations, and understanding check cashing risks
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Requires instruction on investment tools (college savings plans, mutual funds, stock market), insurance products (life, auto, health, homeowner/rental), and retirement planning (IRAs, Social Security, deferred compensation)
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Allows districts to fulfill the requirement through existing economics courses, home economics courses, or current financial management courses
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Takes effect one year after becoming law, with the Education Commissioner providing technical assistance and curriculum development support to districts
Legislative Description
Requires any school district in the state shall provide, to pupils in grades nine through twelve, one full unit of instruction designed to promote consumer awareness and financial education.
Last Action
referred to education
1/7/2026