Bill Text: NY A04684 | 2019-2020 | General Assembly | Introduced

New York Assembly Bill 4684 (Prior Session Legislation)

Introduced

Bill Title: Provides that juniors and seniors at secondary schools must take a financial literacy and personal finances course.

Spectrum: Strong Partisan Bill (Democrat 19-2)

Status: (Introduced - Dead) 2020-01-08 - referred to education [A04684 Detail]

Download: New_York-2019-A04684-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          4684
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 5, 2019
                                       ___________
        Introduced   by   M.  of  A.  BLAKE,  BICHOTTE,  COOK,  HEVESI,  HUNTER,
          PEOPLES-STOKES, RICHARDSON, STECK, TITUS, VANEL -- Multi-Sponsored  by
          --  M.  of A.  ABBATE, HYNDMAN, SIMON -- read once and referred to the
          Committee on Education
        AN ACT to amend the education law, in relation  to  requiring  secondary
          school students to complete a financial literacy and personal finances
          course
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 305 of the education law is amended by adding a new
     2  subdivision 57 to read as follows:
     3    57. The commissioner is authorized and directed to develop  a  concise
     4  course  of  instruction in financial literacy and personal finances, and
     5  require that such course be completed by pupils  in  grades  eleven  and
     6  twelve.  Such course of instruction may be incorporated into other class
     7  work or courses of instruction provided to such  pupils.  The  financial
     8  literacy  course  may include, but need not be limited to instruction on
     9  using checking and savings accounts, obtaining short or long term  cred-
    10  it,  securing  a  loan  for high cost items such as a motor vehicle or a
    11  home, obtaining and using credit and debit cards, investing  and  saving
    12  money, and planning for retirement.
    13    §  2.  This  act  shall  take  effect on the first of September in the
    14  calendar year commencing after the date it shall have become a law;  and
    15  the  commissioner of education is immediately authorized and directed to
    16  promulgate, amend and/or repeal any rules and regulations  necessary  to
    17  implement the provisions of this act on its effective date.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08695-01-9