NGPF FinLit Bill Tracker (updated July 26, 2021)
With many legislative sessions concluded or in recess, not a lot of updates to provide to the NGPF FinLit Bill Tracker.
In case you missed the earlier updates, here were the states that made the most significant progress on increasing access to financial education:
- Nevada AB19: Among the core academic subjects that must be taught include "Social studies, which includes only the subjects of history, geography, economics , civics, financial literacy and multicultural education..."
- Rhode Island HB5491 and SB349: Key point in legislation: "Beginning with the graduating class of 2024, all students shall demonstrate proficiency in consumer education prior to graduating high school. LEAs shall have the discretion to allow students the ability to demonstrate proficiency by one or more of the following: (1) Successful completion of a consumer education course of study aligned with the standards developed and approved by the council;..."
- In Nebraska, LB45 had amendments that "add a half-credit high school personal financial literacy course requirement prior to graduation" and "Adds an implementation date of December 31, 2022, and an annual due date for reporting requirements placed upon school districts. Dictates that a school that fails to require completion of at least one half-credit personal finance,
financial literacy course prior to graduation, or annually provide evidence of the implementation of such requirements shall lose its accreditation status."
- In Texas, SB1063 provides choice in Texas with students required to take a half credit economics course OR a personal financial literacy and economics course with ⅔ of instruction time allocated to personal finance and ⅓ to economics.
Here's recent news stories that used NGPF FinLit Bill Tracker data:
- 25 states have introduced personal finance education legislation so far this year (CNBC)
- Pandemic Drives Push to Teach About Finances in School (The Balance)
- Providing the building blocks of financial literacy training (Investment News)