OH SB342

Creates a High School Financial Literacy Fund under the custody of the State Treasurer to fund financial literacy education and teacher certifications.

Requires all students entering ninth grade on or after July 1, 2021, to complete at least one-half unit of instruction in financial literacy as a high school graduation requirement.

Establishes an educator license validation in financial literacy, required beginning in the 2023-2024 school year for teachers providing dedicated financial literacy instruction, with districts covering training costs and eligible for reimbursement up to $500 per teacher from the state fund.

Integrates economics and financial literacy instruction into existing social studies courses, with schools encouraged to use public-private partnerships and business resources to develop curriculum.

Provides up to $1.5 million in unclaimed funds to the High School Financial Literacy Fund during the 2019-2021 biennium to support implementation, with repayment terms over five years.