Loading chat...

OK HB2515

Bill

Status

Introduced

2/1/2016

Primary Sponsor

Ann Coody

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Amends the Passport to Financial Literacy Act to shift personal financial literacy requirements from grades 7-12 to grades 9-12 beginning with the 2019-2020 school year, covering 14 topic areas including credit, loans, FAFSA, insurance, taxes, and banking

  • Requires teachers assigned to teach personal financial literacy to complete ongoing professional development training starting in the 2019-2020 school year

  • Increases the fee paid by payday lenders from $0.05 to $1.00 per deferred deposit loan, with $0.25 going to the Consumer Credit Counseling Revolving Fund and $0.75 to the new Personal Financial Literacy Education Revolving Fund

  • Creates the Personal Financial Literacy Education Revolving Fund in the State Treasury to fund curriculum development, teacher training, and resources for financial literacy instruction

  • Effective date of July 1, 2016, with an emergency clause for immediate implementation

Legislative Description

Financial literacy education; modifying areas of instruction; creating fund; effective date; emergency.

Last Action

Authored by Senator Stanislawski (principal Senate author)

2/25/2016

Committee Referrals

Appropriations and Budget2/2/2016

Full Bill Text

No bill text available