| State: |
Bill Summary: |
| Delaware |
H.B. 84
Signed by governor 7/12/01, Chapter 168
Provides for a Money Management Program for certain specific needy older persons. The Money Management Program uses volunteers to assist older persons, or persons with disabilities, in organizing expenses and paying bills. Under this Act Delaware's program would be a joint project between the AARP and the Department of Health and Social Services (DHSS), and would target low-income older persons, and persons with disabilities, who are at risk because of their inability to mange their financial affairs. The Division of Services for Aging, and Adults with Physical Disabilities would be responsible for managing the program, screening volunteers, training volunteers and monitoring volunteer/client accounts. |
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H.C.R. 3
Passed Senate 3/22/01
Creates a Joint Committee on Financial Literacy to review existing financial literacy programs and foster the teaching of financial literacy programs to high school juniors and seniors. |
| Idaho |
S.C.R. 152
Adopted 4/6/01
Provides findings of the Legislature and declares April 2000 “Idaho Financial Literacy Month” for the purposes of focusing public awareness on issues of youth and adult financial literacy, the responsibilities and rights of consumers and how to detect and avoid fraud. |
| Illinois |
H.B. 2505
Appropriates $1,000,000 to the state Board of Education to expand economics education programs to include cooperative education. |
| Louisiana |
S.B. 212
Signed by governor 6/25/01, Act 681
Authorizes local school systems to offer instruction in personal financial management to students, provided such instruction is integrated into an existing course of study. |
| Maine |
L.D. 770
Directs the Department of Education to consider recommendations from the Department of Economic and Community Development and from other interested parties on entrepreneurship to encourage entrepreneurship education in kindergarten to grade 12 and in postsecondary education systems and to improve outreach of entrepreneurship education to rural areas of the state. |
| Massachusetts |
H.B. 2492
Relates to public schools and personal economics study. |
| Michigan |
H.R. 175
Urges the Department of Education to encourage Michigan schools to incorporate the Kid Savers financial education program into their curriculum. |
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S.B. 737
Provides for model financial literacy programs in public school curricula. |
| Mississippi |
H.B. 66
Died in committee 1/30/01
Requires the state Board of Education to develop a course on personal finance and of entrepreneurship to be required of all public high school students graduating in the 2003-2004 school year and thereafter; specifies certain skills to be taught through the course; authorizes the Department of Education to utilize available funding to train teachers in entrepreneurship education. |
| Missouri |
H.B. 536
Requires that every public school secondary student take at least one course in personal finance. The state Board of Education will set minimum standards for the courses, and school districts may exceed the minimum. |
| New Jersey |
S.B. 2283
Requires a public institution of higher education to establish a financial management program for its students if the institution enters into an agreement for the direct solicitation of credit cards to its students. The financial management program is to be funded by the credit card issuers and conform to the guidelines for the program established by the Department of Banking and Insurance. If a student has not successfully completed the financial management program prior to entering a credit card agreement pursuant to a direct solicitation, the student would not be liable for any interest on the debt pursuant thereto. |
| New Mexico |
S.B. 172
Makes an appropriation to provide economic education instruction and other business-related training for elementary and secondary public school teachers in the state. |
| North Carolina |
H.B. 1401
Appropriates funds for the expansion of individual development accounts; appropriates funds for 2002-2003 from the General Fund for the Department of Labor; allows remaining funds to be used for case management, program development, financial literacy training and allocation of local sites and economic literacy providers. |
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S.B. 744
Authorizes pilot programs on teaching personal financial literacy in the public schools. |
| Oregon |
H.B. 2545
Directs the state treasurer to establish the Oregon Retirement Savings Education Program. Requires the program to include a plan for educating Oregonians regarding importance of saving for retirement, implementation of small business pension education agenda, programs and strategies that allow for additional educational initiatives, and monitoring and other activities designed to ensure that personal finance skills are taught and tested throughout Oregon's education system. Creates the Oregon Retirement Savings Education Account for deposit of federal moneys and other contributions devoted to program. Appropriates all moneys in the account to the state treasurer for implementation and administration of program. |
| Tennessee |
H.B. 1177
S.B. 1267
Signed by governor 5/15/01, Public Chapter 229
Encourages local education agencies to select textbooks that address personal finance for economics or similar courses. |
| Texas |
H.B. 449
Relates to personal finance education as a requirement for graduation from public high school. |
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H.C.R. 246
Directs the state Board of Education to consider including personal finance knowledge among the essential knowledge and skills in the required public school curriculum. |
| Wisconsin |
S.J.R. 31
Adopted 6/14/01
Urges schools to improve the personal money management skills of high school students. |
Financial Literacy Introduction