What's happening
This bill requires New York schools to provide financial literacy instruction for students in grades six through eight.
Why it matters
Early financial skills development. By introducing financial literacy in grades 6-8, the bill aims to give students foundational knowledge before they face real-life financial decisions, potentially setting them up for better long-term financial health.
Broad, practical curriculum. The required instruction covers a range of essential topics—including budgeting, savings, credit, debt, insurance, and investment—ensuring students receive a well-rounded understanding of personal finance concepts.
Standardization with flexibility. While the Department of Education will set requirements and provide sample materials, districts have guidance but also flexibility to adapt content to their students' needs and comprehension levels, making instruction more relevant and accessible.
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Who cares
Headline styles
Teach Financial Literacy Early
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to education
- Referred to education
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 Middle School Money Skills
In Senate Committee · Education · Sponsor Robert Jackson
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3497
2019-2020 Regular Sessions
IN ASSEMBLY
January 29, 2019
Introduced by M. of A. RICHARDSON -- read once and referred to the Committee on Education
AN ACT to amend the education law, in relation to establishing instruction in financial literacy for students in sixth through eighth grade
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The education law is amended by adding a new section 803-b to read as follows:
§ 803-b. Instruction relating to financial literacy. 1. The department shall require that a school district incorporate in each of the grades six through eight financial literacy instruction for pupils enrolled in such grades. The purpose of such instruction shall be to provide middle school students with the basic financial literacy necessary for sound financial decision-making.
2. The instruction shall meet the requirements established by the department and shall:
a. be appropriate to, and reflect the age and comprehension of, the students enrolled in the particular grade level; and
b. include content on budgeting, savings, credit, debt, insurance, investment, and other issues associated with personal financial responsibility as determined by the department.
3. The commissioner shall provide school districts with sample instructional materials and resources that may be used to support the implementation of the financial literacy instruction requirement.
§ 2. This act shall take effect immediately and shall apply to all school years commencing on or after the first of July next succeeding the date upon which it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06748-01-9
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.