OH SB17

State board of education must incorporate free market capitalism concepts into high school (grades 9-12) financial literacy and entrepreneurship standards and model curriculum, including topics such as private ownership of factors of production, market prices, profit, wealth creation, entrepreneurship, and property rights.

Beginning with students entering ninth grade on or after July 1, 2022, financial literacy instruction of one-half unit becomes a graduation requirement, with students able to satisfy it either as part of mathematics coursework or as an elective.

Advanced placement courses in microeconomics or macroeconomics may be used to satisfy the financial literacy requirement.

Beginning with the 2024-2025 school year, educators teaching financial literacy must obtain a license validation in financial literacy, except for teachers who already hold valid licenses or endorsements in social studies, family and consumer sciences, mathematics, or business education.

Districts must pay for costs associated with obtaining the financial literacy license validation and may seek reimbursement from the state department of education; the requirement does not apply to chartered nonpublic schools.