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NY A08733
Bill
Status
6/2/2025
Primary Sponsor
Robert Smullen
Click for details
AI Summary
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Requires the Board of Regents to develop financial literacy learning standards for grades 4-8, integrated into mathematics standards, covering saving, budgeting, income, taxes, banking institutions, and basic investment concepts
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Mandates all public, charter, and nonpublic high school students complete a one-semester financial literacy course (one-half credit) for graduation, starting with students entering ninth grade after the law takes effect
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High school curriculum must cover personal budgeting, banking services, credit card debt, loans (including student loans), bankruptcy, investment fundamentals, insurance, consumer protection laws, taxes, and the financial consequences of gambling
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Requires both SUNY and CUNY trustees to develop comprehensive financial literacy courses as graduation requirements for all undergraduate students, including those at community colleges
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SUNY and CUNY must submit annual reports beginning two years after the effective date, detailing course enrollment, completion rates, and student feedback to the governor, legislature, and relevant committees
Legislative Description
Directs the state board of regents to develop or adopt financial literacy learning standards for students in grades four through eight; provides that all public, charter, and nonpublic high schools shall offer and students at such schools shall successfully complete a course in financial literacy; directs the trustees of the state university of New York, in consultation with faculty, student representatives and subject matter experts, to develop a comprehensive financial literacy course; directs the trustees of the city university of New York, in consultation with faculty, student representatives and subject matter experts, to develop a comprehensive financial literacy course.
Last Action
referred to education
1/7/2026