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NY A07133
Bill
Status
3/20/2025
Primary Sponsor
Rodneyse Bichotte Hermelyn
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AI Summary
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Establishes the "State Financial Literacy Fund" under joint custody of the state comptroller, attorney general, and commissioner of taxation and finance to support financial education for at-risk populations
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Authorizes annual transfers of up to $1 million beginning April 1, 2026, funded by moneys collected from courts under insurance law provisions
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Provides project grants to state agencies, authorities, and 501(c)(3) organizations for free financial education, coaching, and services targeting unbanked and underbanked consumers
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Requires school districts to incorporate financial literacy instruction into the social studies curriculum for grades K-8, with age-appropriate content on personal financial responsibility
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Authorizes the education commissioner to develop and require a financial literacy course for high school students prior to graduation
Legislative Description
Establishes the state financial literacy fund which provides funding for project grants to organizations in order to establish financial capability and financial literacy programs, products content and/or services for at-risk populations in New York.
Last Action
referred to banks
1/7/2026