What's happening
This bill allows social services districts to offer public assistance participants financial literacy and personal finance courses as part of employment programs.
Why it matters
Addresses cycles of poverty by teaching essential skills. By allowing social services districts to offer financial literacy and personal finance courses, the bill aims to equip public assistance participants with knowledge that can help them manage money, avoid debt traps, and make informed financial decisions, potentially reducing long-term reliance on public assistance.
Expands the scope of employment programs. The inclusion of financial literacy as an optional component of employment and training programs means participants can gain practical, real-world skills—ranging from household budgeting to using bank accounts, credit, and loans—that are often barriers to stable employment and self-sufficiency.
Acknowledges individual needs and goals. The bill ensures that educational activities, including financial literacy courses, are tailored to each participant’s employment goals and circumstances, and links them to recognized occupations, helping to make the training relevant and actionable for future job opportunities.
Promotes interagency cooperation and effective program delivery. By encouraging districts to work with the Department of Labor, the bill supports a more integrated approach to workforce development, combining job search assistance with financial education to address multiple facets of employability and economic stability.
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Who cares
Headline styles
Offer Free Finance Classes
Plain English, a few words. Used as the page title.
Sponsors
1 Multi-sponsor
History
- Signed chap.275
- Delivered to governor
- Returned to assembly
- Passed senateVote 45–17
- 3rd reading cal.1849
- Substituted for S1170A
- Referred to rules
- Delivered to senate
- Passed assembly
- Ordered to third reading rules cal.361
- Rules report cal.361
- Reported
Show 5 earlier actions
- Reported referred to rules
- Reported referred to ways and means
- Print number 474a
- Amend and recommit to social services
- Referred to social services
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Teach Financial Skills to Recipients
Senate Floor Calendar · Sponsor David Carlucci
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
474--A
2017-2018 Regular Sessions
IN ASSEMBLY
January 9, 2017
Introduced by M. of A. PAULIN, GALEF -- Multi-Sponsored by -- M. of A. RIVERA -- read once and referred to the Committee on Social Services -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to amend the social services law, in relation to allowing social services districts to offer participants in public assistance employment programs an option to complete a course in financial literacy and personal finance
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Paragraph (f) of subdivision 1 of section 336 of the social services law, as amended by section 148 of part B of chapter 436 of the laws of 1997, is amended to read as follows:
(f) job search and job readiness assistance, provided that job search is an active and continuing effort to secure employment configured by the local social services official; and such social services district may work in cooperation with the department of labor to provide workforce guidance and information in accordance with section ten-c of the labor law;
§ 2. Subdivision 1 of section 336-a of the social services law, as amended by section 4 of part J of chapter 58 of the laws of 2014, is amended to read as follows:
1. Social services districts shall make available vocational educational training and educational activities. Such activities may include but need not be limited to, high school education or education designed to prepare a participant for a high school equivalency certificate, basic and remedial education, education in English proficiency, education or a course of instruction in financial literacy and personal finance that includes instruction on household cash management techniques, career advice to obtain a well paying and secure job, using checking and savings accounts, obtaining and utilizing short and long
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01848-02-7
A. 474--A 2
term credit, securing a loan or other long term financing arrangement for high cost items, participation in a higher education course of instruction or trade school, and no more than a total of four years of post-secondary education (or the part-time equivalent). Educational activities pursuant to this section may be offered with any of the following providers which meet the performance or assessment standards established in regulations by the commissioner for such providers: a community college, licensed trade school, registered business school, or a two-year or four-year college; provided, however, that such post-secondary education must be necessary to the attainment of the participant's individual employment goal as set forth in the employability plan and such goal must relate directly to obtaining useful employment in a recognized occupation. When making any assignment to any educational activity pursuant to this subdivision, such assignment shall be permitted only to the extent that such assignment is consistent with the individual's assessment and employment plan goals in accordance with sections three hundred thirty-five and three hundred thirty-five-a of this title and shall require that the individual maintains satisfactory academic progress and hourly participation is documented consistent with federal and state requirements. For purposes of this provision "satisfactory academic progress" shall mean having a cumulative C average, or its equivalent, as determined by the academic institution. The requirement to maintain satisfactory academic progress may be waived if done so by the academic institution and the social services district based on undue hardship caused by an event such as a personal injury or illness of the student, the death of a relative of the student or other extenuating circumstances. Any enrollment in post-secondary education beyond a twelve month period must be combined with no less than twenty hours of participation averaged weekly in paid employment or work activities or community service when paid employment is not available.
§ 3. This act shall take effect on the one hundred eightieth day after it shall have become a law; provided, however, that the commissioner of temporary and disability assistance is immediately authorized and directed to promulgate, amend and/or repeal any rules and regulations that may be necessary to implement the provisions of this act on its effective date.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.