Summary Financial Literacy 2019 Legislation

Authorizes the governing board of a school district to approve a financial literacy course that would fulfill a mathematics course required for graduation from high school.

HB 2618
Failed to pass House 5/27/19

Appropriates the sum of $500,000 from the consumer protection-consumer fraud revolving fund established by §44-1531.01 in fiscal year 2019-2020 to the attorney general to distribute to a facility-based nonprofit youth development organization to implement programs that teach financial literacy.

SB 1184
Signed by governor 4/11/19, Chapter 84

Directs the State Board of Education (SBE) to require at least a one-half course credit in economics, which includes financial literacy and personal financial management, for high school graduation.

Authorizes damages for erroneous convictions. In addition to the damages awarded pursuant to subsection f of this section, the claimant: 1. Is entitled to receive reasonable attorney fees and costs incurred in the action of not more than $25,000, unless the court authorizes a greater reasonable total on a finding of good cause shown. 2. May be awarded other nonmonetary relief as sought in the complaint, including counseling, housing assistance and personal financial literacy assistance, as appropriate. 3. Is entitled to receive tuition assistance pursuant to §31-622. 4. Is entitled to participate in this state's employee health insurance benefits program, and this state shall pay one hundred percent of the costs.

Signed by governor 3/14/19, Act 466

Allows a student in grade 9 to earn credit in a course that includes personal and family finance standards.

AB 718
Signed by governor 10/2/19, Chapter 438

Existing law establishes the jurisdiction of the juvenile court, which is permitted to adjudge certain children to be dependents of the court under certain circumstances, and prescribes various hearings and other procedures for these purposes. Existing law prohibits the court from terminating dependency jurisdiction over a nonminor who has reached 18 years of age until a hearing is conducted and the county welfare department has submitted a report verifying that specified information, documents, and services have been provided to the nonminor. This bill revises and recasts these provisions to, among other things, require the county welfare department to submit reports at the first regularly scheduled review hearing after a dependent child has attained 16 years of age and at the last regularly scheduled review hearing before a dependent child attains 18 years of age, and at every regularly scheduled review hearing thereafter, verifying that the county has provided certain of the above-described information, documents, and services, and additional financial literacy information, to the child.

This bill establishes the California Financial Literacy Initiative as a program for improving financial literacy by offering instructional materials for teachers and parents to provide high-quality financial literacy education for pupils in kindergarten and grades 1 to 12, inclusive. The bill provides that the initiative would be under the administration of the superintendent of Public Instruction. The bill authorizes the superintendent to convene a Financial Literacy Advisory Committee to review materials that could be provided on the internet in a centralized location for access by local educational agencies, as specified. The bill requires online curricula included in an online library, or otherwise promoted or made available, through this initiative to conform to specified provisions protecting pupil privacy and protecting pupils against marketing directed at them through instructional materials.

Existing law expresses findings and declarations of the Legislature regarding financial literacy in the state. Existing law expresses the intent of the Legislature to enact legislation that would result in the education of all Californians regarding the prospect of becoming an “aging” state, including education as to, among other subjects, the importance of saving and financial planning. This bill revises the findings and declarations to delete specific references to “boomers,” and adds the importance of estate planning to the subjects, as described above.

SB 394
Signed by governor 10/8/19, Chapter 593

Authorizes the presiding judge of the superior court, in consultation with the presiding juvenile court judge and criminal court judges and together with the prosecuting entity and the public defender, to create a pretrial diversion program for defendants who are primary caregivers of a child under 18 years of age, as specified, who are charged with a misdemeanor or a nonserious, nonviolent felony, and who are not being placed into diversion for a crime alleged to have been committed against a person for whom the defendant is the primary caregiver. The bill sets the period of diversion at not less than 6 months, but not more than 24 months. The bill requires the defendant to participate in classes relating to subjects that may include parenting, anger management, and financial literacy, and to receive services relating to housing, employment, and drug, alcohol, and mental health treatment, among others.

SB 455
Signed by governor 10/2/19, Chapter 478

HB 1094
Failed to pass House 2/12/19

Adds basic life skills education to the list of courses for which public schools provide internet links to the Department of Education as part of the performance report, includes financial literacy curriculum.

HB 1280
Signed by governor 5/10/19, Chapter 158

Creates the college kickstarter account program to incentivize the creation of a college savings account for every child born in Colorado. If, in the sole discretion of the state treasurer, adequate gifts, grants, and donations are received, the kickstarter program may include a free program for financial literacy education for eligible children and their parent or parents and other family members. The state treasurer shall develop and administer any program for financial literacy education included in the kickstarter program.

SB 173
Signed by governor 5/20/19, Chapter 236

Concerns the creation of the Secure Savings Plan Board to study appropriate approaches to increase the amount of retirement savings by private sector workers. Requires the board to assess the effects that greater financial education among Colorado’s residents would have on increasing their retirement savings, including: (a) the underlying causes for Coloradans not saving enough for retirement, the number of Coloradans that would increase the amount of their retirement savings, and the amount of increase in retirement savings related to the effects of greater financial education; (b) the demographics of the Coloradans that would increase the amount of their retirement savings related to the effects of greater financial education; (c) the type of financial education that is most likely to result in an increase in the amount of Coloradans' retirement savings; and (d) the providers of financial education that are most likely to have the greatest effect on increasing the amount of Coloradans' retirement savings.

HB 6625
Failed Joint Favorable deadline 4/1/19

Amends §10-221a of the general statutes to include as part of the high school graduation requirements a course in financial literacy, which may include, but not be limited to, an understanding of checking and savings accounts, loans, mortgages, credit cards, annual percentage rates, compound interest, budgeting, stocks and other financial instruments.

SB 852
Failed Joint Favorable deadline 5/3/19

Includes personal financial management in the public school curriculum and to establish a pilot program for the teaching of personal financial management in certain school districts.

Amends the Financial Literacy Council Establishment Act to establish a financial literacy education program.

Amends the Homeless Services Reform Act to create a financial literacy and entrepreneurial program that will provide individuals the permanent supportive housing program with knowledge on how to better manage finances, credit, and debt, to make more financially responsible decisions, and to improve case management.

HB 73
Died in committee 5/3/19

Relates to high school graduation requirements; designates the act as the Dorothy L. Hukill Financial Literacy Act; revises the requirements for the Next Generation Sunshine State Standards to include financial literacy; revises the required credits for a standard high school diploma to include one-half credit of instruction in personal financial literacy and money management and seven and one-half, Rather than eight, credits in electives.

HB 661
Died in committee 5/3/19

Relates to alternative high school graduation requirements; specifies that students must complete 3.5 credits in social studies. A student must earn one credit in U.S. History; one credit in World History; one-half credit in economics; one-half credit in financial literacy; and one-half credit in U.S. Government.

HB 705
Died in committee 5/3/19

Designates act the "Florida First Step Act"; requires the Department of Corrections to provide inmates with community reentry resource directory. Authorizes a nonprofit faith-based business and professional, civic, or community organization may apply for registration with the department to provide inmate reentry services. Reentry services include, but are not limited to, counseling; providing information on housing and job placement; money management assistance; and programs addressing substance abuse, mental health, or co-occurring conditions.

HB 953
Died in committee 5/3/19

Requires the Department of Corrections to provide inmates with community reentry resource directory. Authorizes a nonprofit faith-based business and professional, civic, or community organization may apply for registration with the department to provide inmate reentry services. Reentry services include, but are not limited to, counseling; providing information on housing and job placement; money management assistance; and programs addressing substance abuse, mental health, or co-occurring conditions.

HB 2263
Died in committee 5/4/19

Provides an appropriation for the Worldwide Community Alliance - Financial Literacy Training for Youth and Parents.

HB 3693
Indefinitely postponed 5/4/19

Provides an appropriation for the United Way of Florida - Financial Literacy and Prosperity Program.

HB 7071
Signed by governor 6/24/19, Chapter 119

Revises provisions relating to preapprenticeship and apprenticeship programs, secondary and postsecondary workforce education, high school graduation requirements, and postsecondary education provisions, and school grades; revises Next Generation Sunshine State Standards for financial literacy; removing financial literacy standards as a component of economics; requiring school districts to offer one-half credit in financial literacy as an elective.

HB 7125
Signed by governor 6/28/19, Chapter 167

Requires the Department of Corrections to provide inmates with community reentry resource directory. Authorizes a nonprofit faith-based business and professional, civic, or community organization may apply for registration with the department to provide inmate reentry services. Reentry services include, but are not limited to, counseling; providing information on housing and job placement; money management assistance; and programs addressing substance abuse, mental health, or co-occurring conditions.

SB 114
Died on calendar 5/3/19

Relates to high school graduation requirements; designates the act as the Dorothy L. Hukill Financial Literacy Act; revises the requirements for the Next Generation Sunshine State Standards to include financial literacy; revises the required credits for a standard high school diploma to include one-half credit of instruction in personal financial literacy and money management and seven and one-half, Rather than eight, credits in electives.

Revises the Next Generation Sunshine State Standards; provides that such standards are the minimum baseline core content standards for K-12 public schools; revises the requirements for instructional materials that a district school superintendent annually certifies, etc. Amends contents of financial literacy to include the study of at least Keynesian and Hayekian economic theories.

SB 642
Laid on table 5/1/19

Requires the Department of Corrections to provide inmates with community reentry resource directory. Authorizes a nonprofit faith-based business and professional, civic, or community organization may apply for registration with the department to provide inmate reentry services. Reentry services include, but are not limited to, counseling; providing information on housing and job placement; money management assistance; and programs addressing substance abuse, mental health, or co-occurring conditions.

SB 770
Laid on table 5/2/19

Relates to alternative high school graduation requirements; provides that, as of a specified school year, certain students are eligible for an alternative pathway to a standard high school diploma through the Career and Technical Education pathway option; provides requirements for the CTE pathway option. Revises the social studies standards for the Next Generation Sunshine State Standards to include financial literacy as a separate subject; requires all school districts, beginning with a specified school year, to offer a financial literacy course as an elective.

SB 834
Died in committee 5/3/19

Authorizes a defendant who is found guilty of committing a nonviolent offense to request a sentencing court to withhold sentencing until after making a certain determination; requires the court to make certain written findings if the defendant makes such a motion, which must meet specified requirements, includes obtaining financial education, etc.

Amends Part 2 of Article 6 of Chapter 2 of Title 20 of the Official Code of Georgia Annotated, relating to competencies and core curriculum relative to quality basic education, so as to provide for a course of study in financial education for students in kindergarten through grade five, grades six through eight, and grades nine through 12; provides for a definition.

Amends Part 2 of Article 6 of Chapter 2 of Title 20 of the Official Code of Georgia Annotated, relating to competencies and core curriculum, so as to require a course of study in personal financial literacy and money management in middle school and in high school.

Establishes licensure and licensure renewal requirements for certain persons or entities to engage in the business of cashing checks for a fee to persons in the state. The commissioner shall determine the qualifications necessary for an applicant to obtain a license; provided that the applicant shall provide written documentation that the applicant and its authorized delegates have satisfactorily completed financial literacy requirements as determined by the commissioner.

Requires check cashers to register with the department of commerce and consumer affairs. Requires check cashers to offer customers the option to participate in a payment plan, if certain conditions are met. Specifies that any person who cashes one or more checks for a fee shall offer a financial education program or seminar to the customer that has been previously reviewed and approved by the director for use in complying with this section; provided that any financial education program or seminar offered under this subparagraph shall be provided at no cost to the customer. A customer shall not be required to participate in a financial education program or seminar as a condition of a deferred deposit transaction proceeds disbursement.

Adds to existing law to establish provision regarding an employment training program for persons with income at or below a specified percentage of the federal poverty level and for persons formerly receiving public assistance. Includes attending a financial literacy or health coaching program offered by a qualified nonprofit organization identified by the department.

HB 2237
Signed by governor 8/23/19, Public Act 101-466

Amends the State Treasurer Act. Provides that the state treasurer shall establish the Illinois Higher Education Savings Program for the purpose of expanding access to higher education through savings. Provides that the state treasurer may develop educational materials that support the financial literacy of beneficiaries and their legal guardians and may do so in collaboration with state and federal agencies, including, but not limited to, the Illinois State Board of Education and existing nonprofit agencies with expertise in financial literacy and education. Provides that notwithstanding any court order which would otherwise prevent the release of information, the Department of Public Health is authorized to release specified information to the state treasurer for the purposes of the Illinois Higher Education Savings Program.

Provides that, beginning with the 2019-2020 school year, each school district that maintains grade 9 must include in its curriculum and require all ninth-grade students to take a unit of instruction on home economics that includes, but is not limited to, instruction on family finance, wellness, personal hygiene, food preparation, and nutrition.

Amends the School Code. Provides that, beginning with the 2019-2010 school year, each school district maintaining any of grades 6 through 8 must include in its curriculum and require students in those grades to take a unit of instruction on financial literacy. Provides that the purpose of the instruction is to provide students with the basic financial literacy necessary for sound financial decision making and the instruction must include, but is not limited to, age-appropriate instruction on budgeting, savings, credit, debt, insurance, investments, and any other issues associated with personal financial responsibility. Requires the State Board of Education to prepare and make available to school boards instructional materials that may be used as guidelines for development of the unit of instruction.

HR 287
Adopted 5/30/19

Declares April 2019 as Financial Literacy Month.

Provides that the state treasurer shall establish the Illinois Higher Education Savings Program for the purpose of expanding access to higher education through savings. Provides that the state treasurer may develop educational materials that support the financial literacy of beneficiaries and their legal guardians, and may do so in collaboration with state and federal agencies, including, but not limited to, the Illinois State Board of Education and existing nonprofit agencies with expertise in financial literacy and education.

Amends the School Code. Provides that, beginning with the 2019-2010 school year, each school district maintaining any of grades 6 through 8 must include in its curriculum and require students in those grades to take a unit of instruction on financial literacy. Provides that the purpose of the instruction is to provide students with the basic financial literacy necessary for sound financial decision making and the instruction must include, but is not limited to, age-appropriate instruction on budgeting, savings, credit, debt, insurance, investments, and any other issues associated with personal financial responsibility. Requires the State Board of Education to prepare and make available to school boards instructional materials that may be used as guidelines for development of the unit of instruction.

SB 547
Passed Senate 2/26/19

Urges the legislative council to assign to an appropriate study committee the topics of: (1) improving science education; (2) improving mathematics, geography, and personal finance education in kindergarten through grade 12; and (3) including entrepreneurship curriculum in kindergarten through grade 12.

SB 613
Passed Senate 2/26/19

Makes the following changes to the Uniform Consumer Credit Code (UCCC): (1) Repeals a provision specifying a reference base index for use by the department of financial institutions (department) in adjusting specified dollar amounts designated as subject to change throughout the UCCC. (2) Replaces: (A) the tiered credit service charge authorized for consumer credit sales; and (B) the 25% loan finance charge authorized for consumer loans; with a flat charge of 36% per year on the unpaid balances. (3) Increases the: (A) minimum credit service charge for consumer credit sales; and (B) minimum loan finance charge for consumer loans; from $30 (subject to indexing) to $50 (not subject to indexing). (4) Eliminates indexing of the authorized $5 delinquency charge for consumer credit sales and consumer loans. (5) Provides that a seller in a consumer credit sale may take a security interest in goods sold if the debt secured is at least $1,500 (not subject to indexing), versus $300 (subject to indexing) in current law. (6) Changes the authorized nonrefundable prepaid finance charge for consumer loans not secured by an interest in land from $50 to $100. (7) Repeals: (A) the definition of "supervised loan"; and (B) the provision establishing the authorized loan finance charge for supervised loans. Makes conforming amendments throughout the UCCC and the Indiana Code. (8) Provides that for a consumer loan: (A) with a loan finance charge greater than 25%; and (B) in which the principal is $4,000 or less (not subject to indexing); a lender may not contract for an interest in land as security. (Current law prohibits a lender from contracting for an interest in land as security if the loan principal is $4,000 or less (subject to indexing) without regard to the loan's finance charge.) (9) Provides that consumer loans having a loan finance charge exceeding 25% and in which the principal is $4,000 or less are payable over a period of not more than: (A) 37 months if the principal is more than $1,100 (versus $300, subject to indexing, in current law) but not more than $4,000; or (B) 25 months if the principal is $1,100 (versus $300, subject to indexing, in current law) or less. (Current law specifies these maximum loan terms for loans with a principal amount of $4,000 or less (subject to indexing) without regard to the loan's finance charge.) (10) Provides that a creditor in a consumer loan transaction may not contract for or receive a separate charge for property casualty insurance unless the amount financed exclusive of charges for the insurance is at least $1,000 (versus $300, subject to indexing, in current law), and the value of the property is at least $1,000 (versus $300, subject to indexing, in current law). Authorizes a lender that is licensed by the department to make small loans under the UCCC to make unsecured consumer installment loans under the same license. Defines an "unsecured consumer installment loan" as a loan: (1) with a principal amount that is: (A) more than $605 and not more than $1,500; and (B) payable in three or more substantially equal periodic payments; and (2) in which the lender holds one or more checks of the borrower for a specific period, or is authorized to debit the borrower's account on one or more occasions for a specific period, before the lender deposits the check or debits the account. Requires that the loan term for an unsecured consumer installment loan be at least six months but not more than nine months. Provides for the following with respect to unsecured consumer installment loans: (1) An authorized finance charge and monthly maintenance fee. (2) An annual fee assessed on lenders of $1,000 per license and $1,000 per Indiana branch location (after the first location), for financial education programs. Prohibits: (1) the renewal of an unsecured consumer installment loan; and (2) a borrower from having: (A) a small loan and an unsecured consumer installment loan; or (B) more than one unsecured consumer installment loan; outstanding at the same time. Establishes requirements for the licensure and conduct of persons issuing small dollar loans. Defines "small dollar loan" as a loan with a maximum loan amount of $3,000 and a term of: (1) at least 180 days; and (2) not more than 36 months. Provides that with respect to a small dollar loan, a lender may contract for a loan finance charge of not more than 72%. Provides for an annual fee assessed on lenders of $1,000 per license and $1,000 per Indiana branch location (after the first location), for financial education programs. Establishes the consumer financial education fund (fund) for the purpose of paying expenses incurred by the department relating to consumer financial education. Provides that the annual fees required to be paid by: (1) lenders licensed to make small dollar loans and unsecured consumer installment loans; and (2) lenders licensed to make small dollar loans; shall be deposited in the fund. Specifies that a "rate", for purposes of the loansharking statute, includes a nonrefundable prepaid finance charge. Replaces language conforming the loan rate for the criminal loansharking statute to the maximum loan finance charge for consumer loans under the UCCC, with language specifying that a loan is considered loansharking if it is made at a rate greater than 72% per year on the unpaid balance of the principal.

This bill establishes that the requirement that all high school students enrolled in school districts and accredited nonpublic schools take a one-half unit course in personal finance literacy, as a condition of graduation, commences with the students in the 2022-2023 school year graduating class.

SF 139
Signed by governor 5/9/19

Requires financial literacy as a condition of graduation under the State Educational Standards.

This bill directs the boards of directors of community colleges and the state board of regents to require the institutions governed by the boards to develop and offer a financial literacy program to any student who obtains an educational loan. The program must be free to the student and meet the unique needs of the student, and must include but not be limited to a review of the student’s spending habits, borrowing history, financial aid package, and projected repayment of the student’s total educational loan amount; classroom activities and discussions of budgeting, investing, credit, and identity protection; private loan counseling; counseling specific to transfer students; and grant counseling. Each institution’s financial aid office shall work to establish a campus-wide culture of financial literacy. The bill may include a state mandate as defined in Code §25B.3. The bill provides that the state cost of requiring compliance with any state mandate included in the bill shall be moneys appropriated for general state financial aid to merged areas and any other state and federal moneys received for administration or student support. The specification is deemed to constitute state compliance with any state mandate funding-related requirements of Code §25B.2. The inclusion of this specification is intended to reinstate the requirement of political subdivisions to comply with any state mandates included in the bill.

The bill requires all accredited high schools to give a course of instruction for grade 11 or grade 12 concerning personal finance literacy. The bill requires the course to be at least one semester and include the following areas: (1) savings and investing; (2) credit and debt; (3) financial responsibility and money management; and (4) insurance, risk management, and income. No student who has not taken and satisfactorily passed the course in grade 11 or grade 12 could be certified as having the requirements necessary for graduation for high school. In addition, the bill amends current law regarding financial literacy curriculum for provisions contained in HB 2166.

HB 139
Signed by governor 3/26/19, Act 155

Establishes the Financial Empowerment Commission; provides for the board of directors; establishes that the state treasurer shall serve as chair of the Board; confers all power and duties upon the Commission; requires the auditor of Public Accounts to conduct an annual audit of the Commission.

HB 239
Signed by governor 6/5/19, Act 116

Provides relative to required instruction in personal financial management for public school students; requires instruction to include information relating to student loan borrowing.

This bill requires the Department of Education to add instruction in personal finance to the statewide system of learning results and to adopt rules accordingly.

HB 195
Passed House 3/12/19

Requires the Prince George's County Board of Education, beginning in the 2020-2021 school year, to develop and implement a pilot program that includes a semester-long elective course in financial literacy as a part of the county board's high school curriculum; requires the Board to develop the curriculum content for the course; requires the Board to select at least one school to participate in the program; requires the Board to submit a report by June 30 each year on the success of the program to the county's legislative delegations; etc.

Requires the State Board of Education to develop curriculum content for a half-semester-long course in financial literacy; requires each county board of education to implement the financial literacy curriculum content developed by the State Board in certain high schools; and requires students to complete a certain course in order to graduate from high school.

Requires the State Board of Education to develop curriculum content for a one-half credit course in financial literacy on or before July 1, 2020; requires each county board of education to implement the financial literacy curriculum content developed by the State Board in public high schools beginning in the 2020-2021 school year; and requires students to complete a financial literacy course and pass an exam in order to graduate from high school.

HB 1411
Became law without governor’s signature 5/25/19, Chapter 745

Requires the governor to include in the annual state budget for each fiscal year an appropriation of $200,000 for the CASH Campaign of Maryland to provide outreach, education, and free tax preparation services to promote the financial capability of low-income individuals and families; and specifies that the appropriations may be used to provide free volunteer tax assistance, financial education, connections to high quality financial services, education for service providers, and outreach to low-income individuals and families.

SB 658
Withdrawn from further consideration 3/4/19

Requires the Maryland Legal Services Corporation, in consultation with Civil Justice, Inc., to establish the End-of-Life Legal Services Pilot Program to provide low- and moderate-income seniors with the preparation of legal documents, legal assistance in civil proceedings, financial literacy education and other matters; specifies eligibility requirements for participation in the Program.

Submits recommendations of the Department of the State Treasurer as relates to financial literacy.

Provides financial literacy services to persons receiving financial assistance.

Relates to children in the care, protection, and custody of the commonwealth. Requires the department, in consultation with the area boards created in §13 of chapter 18B and the statewide advisory council created in §16 of chapter 18B, shall create an age-appropriate, culturally-appropriate, life-skills curriculum for children in the foster care system. The curriculum shall begin for children age 11 and continue through age 18 and shall include, but not be limited to, the following areas: interpersonal skills; completing household duties; running a home; grocery shopping; opening a bank account; interviewing for jobs and/or college; filling out job applications; managing bills; and financial literacy education. The curriculum shall be approved by the secretary of health and human services and shall include a timeframe and cost analysis of implementation within three years of implementation of this act.

Relates to establishing a personal financial literacy curriculum in schools.

Establishes a curriculum on personal financial literacy in the public schools.

Establishes a special commission to study and develop a statewide financial literacy program on personal financial management for senior citizens in the commonwealth.

Relates to financial literacy counseling for students accepted at public institutions of higher education.

Relates to educational opportunities for students.

Relates to the text of House Bill 4137, being the House amendment of the Senate Bill relative to educational opportunity for students, SB 2365, as changed by the House Committee on Bills in Third Reading, and as amended by the House, Oct. 23, 2019.

Establishes a statewide Financial Literacy Commission.

Establishes pilot program for youth development. Programs and activities shall be designed based on youth development research findings, with emphasis directed toward the development and enhancement of social emotional development, anti-violent and anti-gang behaviors, positive social behaviors, local and statewide labor pools, job opportunities and career options, civic engagement , financial literacy, and positive future outlook, community-building, the performing and creative arts, and preventing teen-age pregnancies.

Relates to children in the care, protection, and custody of the commonwealth. Requires the department, in consultation with the area boards created in §13 of chapter 18B and the statewide advisory council created in §16 of chapter 18B, shall create an age-appropriate, culturally-appropriate, life-skills curriculum for children in the foster care system. The curriculum shall begin for children age 11 and continue through age 18 and shall include, but not be limited to, the following areas: interpersonal skills; completing household duties; running a home; grocery shopping; opening a bank account; interviewing for jobs and/or college; filling out job applications; managing bills; and financial literacy education. The curriculum shall be approved by the secretary of health and human services and shall include a timeframe and cost analysis of implementation within three years of implementation of this act.

Addresses inequality, promoting opportunity and ending poverty. In order to qualify as a community action agency, such agency must be one which is community based and operated as set forth in this section which includes, but is not limited to, programs to assist low income participants, including the elderly poor, such as programs to: secure and maintain meaningful employment, attain an adequate education; provide and maintain adequate housing and a suitable living environment; receive energy assistance and weatherization services; obtain financial education; avoid homelessness; develop assets; obtain emergency assistance through loans or grants to meet immediate and urgent individual and family needs, including the need for health services, nutritious food, housing and employment-related assistance; remove obstacles and solve personal and family problems which block the achievement of self-sufficiency; and achieve greater participation in the affairs of the community.

Relates to mandating a curriculum in the public schools on personal financial literacy.

Substituted by SB 2412 11/19/19

Relates to educational opportunity for students.

Signed by governor 11/26/19, Chapter 132

Relates to educational opportunities for students; implements a Twenty-first Century Education Trust Fund that shall be administered by the commissioner of elementary and secondary education in consultation with the Twenty-first Century Education Advisory Council for the purpose of addressing persistent disparities in achievement among student subgroups, improving educational opportunities for all students, sharing best practices for improving classroom learning. Amends financial literacy standards and a periodic review of the implementation of the financial literacy standards, including a study of financial literacy programs being offered in the commonwealth to students in kindergarten to grade 12.

Revises requirement for State merit curriculum. The bill retains the four-credit math requirement but would allow a student to fulfill the algebra II requirement by completing a statistics course or the financial literacy course described in §1165 of the School Code, as long as that course aligned with the subject area content expectations for math developed by the Michigan Department of Education (MDE) and approved by the State Board of Education. The bill also incorporates the option of taking statistics or financial literacy as an alternative to algebra II into the mathematics options under a personal curriculum under the same circumstances.

HR 55
Adopted 3/21/19

Declares March 30-April 6, 2019, as Money Smart Week in the state of Michigan.

HR 74
Adopted 4/23/19

Declares April 21-29, 2019, as Financial Literacy Week in the state of Michigan.

Recognizes October 2019 as Get Smart About Credit Month.

HF 292
SF 400

Appropriates money for a grant to Girl Scouts River Valleys for the ConnectZ program; serving Minnesota residents providing innovative, culturally responsive programming to underrepresented, under-resourced girls in kindergarten through grade 12, including programming relating to healthy relationships; science, technology, engineering, and math; financial literacy; college and career readiness; and leadership development and service learning; requires a report.

HF 841
SF 1123

Enacts the Women of Color Opportunity Act; creates pilot projects; requires a report; appropriates money. The commissioner shall award competitive grants, to the extent funds are available, on a first-come, first-served basis to eligible organizations to help girls and women of color gain financial literacy. The commissioner must award at least two grants to eligible organizations serving girls or women of color in Ramsey County, and at least one of these grant recipients must serve girls of color in secondary school. The commissioner also must award at least two grants to eligible organizations serving girls or women of color in greater Minnesota, and at least one of these grant recipients must serve girls of color in secondary school. The eligible organizations receiving a grant must use grant funds to increase the financial literacy of girls and women of color. Instruction in financial literacy must be culturally specific and provided in the primary language of the girls or women of color receiving the instruction.

Requires personal finance for high school graduation.

HF 905
SF 988

Relates to employment; creates the getting to work grant program; requires reports; appropriates money. A program must offer one or more of the following services: (1) provision of new or used motor vehicles by gift, sale, or lease; (2) motor vehicle repair and maintenance services; or (3) motor vehicle loans. In addition to the requirements of paragraph (a), a program must offer one or more of the following services: (1) financial literacy education; (2) education on budgeting for vehicle ownership; (3) car maintenance and repair instruction; (4) credit counseling; or (5) job training related to motor vehicle maintenance and repair.

Relates to housing; appropriates money to the Housing Finance Agency for housing programs. Appropriates is for a grant to Build Wealth Minnesota to provide a family stabilization plan program including program outreach, financial literacy education, and budget and debt counseling.

Relates to state government; creates and appropriates money for a grant program for financial capability services integrated with taxpayer assistance services; increases existing appropriation for taxpayer assistance grant programs; authorizes the Commissioner to award grants to nonprofit organizations for specified purposes.

Relates to higher education; requires a program for students with intellectual and developmental disabilities at certain state universities; requires a report. The program must provide an inclusive, full-time, two-year residential college experience for students with intellectual and developmental disabilities. The curriculum must include: (1) core courses that develop life skills, financial literacy, and the ability to live

independently; (2) rigorous academic work in a student's chosen field of study; and (3) an internship, apprenticeship, or other skills-based experience to prepare for meaningful employment upon completion of the program.

Relates to education finance; appropriates money for Girls in Action programming grant. Girls in Action programs supported by these funds must include programs focused on: (1) increasing academic performance, high school graduation rates, and enrollment in postsecondary education for girls faced with social, demographic, racial, and economic barriers and challenges; (2) increasing mentoring, literacy, career development, positive community engagement, and number of qualified female employees of color in the workforce pipeline, particularly in science, technology, engineering, and mathematics fields; (3) providing coaching, mentoring, health and wellness counseling, resources to girls whose experience with sexual assault has negatively impacted their academics and behavior, and culturally sensitive therapy resources and counseling services to sexual assault victims; and (4) increasing financial literacy and knowledge of options for financing college or postsecondary education.

HF 2200
Indefinitely postponed 4/24/19

Relates to agriculture; establishes a budget for the Department of Agriculture, the Board of Animal Health, and the Agricultural Utilization Research Institute; continues the Agricultural Fertilizer Research and Education Council; continues a fertilizer fee; modifies requirements for Cervidae farmers, grain buyers, and grain warehouse operators; modifies other agricultural statutes. Appropriates a grant to Build Wealth Minnesota to provide a family stabilization plan program including program outreach, financial literacy education, and budget and debt counseling.

HF 2531

SF 2614

Relates to education finance; authorizes a grant to the State Council on Economic Education; appropriates money.

Relates to state government; creates and appropriates money for a grant program for financial capability services integrated with taxpayer assistance services; requires reports; increases existing appropriation for the taxpayer assistance grants program.

HB 687
Died in committee 2/5/19

Authorizes school boards to implement a financial literacy and public finance curriculum for students in high school; amend §37-7-301 to expand the grades in which school boards are authorized to implement a financial literacy program from grades 10 and 11 to grades 9 through 12; removes the authority of school boards to acquire property through condemnation proceedings or use of eminent domain.

HF 1354
Died in committee 2/5/19

Creates the state employee loan program to be administered by the department of finance and administration; provides that a loan applicant may receive no more than two loans per year; provides that the loan shall be in an amount that is no more than $600, and may be made in $100 increments; provides that the loan shall be repaid over a three-month term; requires an applicant to complete an online financial literacy course within three months after receiving his or her first loan; requires that to be eligible for a loan, an applicant must be an active, full-time employee who has a minimum of 12 consecutive months of employment with the state of Mississippi; provides for a processing fee that is charged for each loan; provides a penalty for a recipient who defaults on repayment of his or her loan; authorizes the department to make monthly withholdings from the recipient's paycheck until the loan is repaid.

SF 2359
Died in committee 2/27/19

Creates the family empowerment initiative; authorizes the creation of individual development accounts for low income individuals that may be utilized by the account holder for certain purposes; authorizes the Department of Human Services to contract with fiduciary organizations to serve as intermediaries between individual development account holders and financial institutions holding account funds; requires financial literacy education for participants.

Creates a civil cause of action allowing claimants to seek damages from the state for wrongful conviction. May also be awarded other nonmonetary relief as sought in the complaint 60 including, but not limited to, counseling, housing assistance, and personal financial literacy assistance, as appropriate.

SB 58
Signed by governor 3/20/19, Chapter 75

Revises the State Bank Act; changes the definition of a student financial institution and the requirements for operation of a student financial institution by a financial institution.

SB 87
Passed Senate 1/28/19

Increases the financial literacy of students who borrow money to pay for college; requests units of the Montana University system to provide financial literacy workshops and reports to students incurring federal student loan debt.

Adopts the Unsecured Consumer Loan Licensing Act and clarify licensing provisions under the Delayed Deposit Services Licensing Act and the state's Installment Loan Act. Creates the Financial Literacy Fund, administered by the University of Nebraska, and shall be used to provide assistance to nonprofit entities that offer financial literacy programs to students in grades kindergarten through 12.

LB 399
Signed by governor 3/27/19

Changes the name of the Committee on Americanism to the Committee on American Civics; provides duties for the State Board of Education and the State Department of Education. The committee must examine and ensure that the social studies curriculum used in the district is aligned with the social studies standards adopted pursuant to §79-760.01 and teaches foundational knowledge in civics, history, economics, financial literacy, and geography.

Establishes an interim study to examine ways to enhance financial literacy programs, training, and general competencies and problem-solving skills in Nebraska, with the objective of increasing long-term financial stability for all Nebraskans.

Revises provisions governing education. This bill requires: (1) each state facility for the detention of children to provide instruction in financial literacy to such pupils; and (2) each public high school and state facility for the detention of children to provide instruction in home economics to pupils enrolled in grades 10 and 11.

AB 267
Signed by governor 6/14/19, Chapter 632

Provides compensation to certain persons who were wrongfully convicted. May be awarded any other relief, including, without limitation, housing assistance or assistance for financial literacy for the person.

Requires the Office of the State Treasurer to establish the Individual Development Account Program under which certain persons may establish an individual development account; establishes a credit against the modified business tax for certain taxpayers or other persons; creates the Nevada Statewide Council on Financial Independence; prohibits certain entities from considering money deposited into an individual development account by certain persons to be income under certain circumstances; requires certain entities to ensure that instruction in financial literacy is provided to certain persons; requires the state treasurer to ensure that certain instruction and training is provided to a tenant of a housing project; authorizes the Board of Regents of the University of Nevada to waive certain fees and tuition for certain children placed in foster homes or in the custody of an agency which provides child welfare services; makes an appropriation.

SB 314
Signed by governor 6/3/19, Chapter 326

Establishes a State Seal of Financial Literacy; requires the Department of Education to establish a Financial Literacy Month; establishes the State Financial Literacy Advisory Council; establishes provisions relating to obtaining an endorsement to teach courses relating to financial literacy.

SB 555
Signed by governor 6/5/19, Chapter 376

Ensures sufficient funding for K-12 public education for the 2019-2021 biennium; apportions the State Distributive School Account in the State General Fund for the 2019-2021 biennium; authorizes certain expenditures; makes appropriations for purposes relates to basic support, class-size reduction and other educational purposes, including instruction in financial literacy; temporarily diverting the money from the State Supplemental School Support Account to the State Distributive School Account for use in funding operating costs and other expenditures of school districts and charter schools.

HB 689
Passed House 2/27/19

This bill establishes a student career and college investment program which will be available to any student enrolled in a public school or chartered public school and who completes a financial literacy program in the second grade or later. The bill requires a portion of the registration fee for certain mutual funds to be transferred to the program fund.

AB 1414
Signed by governor 1/3/19, Chapter 16
SB 1592
Substituted 12/17/18

Requires financial literacy instruction to pupils enrolled in grades kindergarten through eight.

AJR 118
Adopted 1/21/20
SJR 157

Designates April of each year as “Financial Literacy Month” in New Jersey.

Urges State Board of Education to require school districts to incorporate financial literary instruction into mathematics and social studies curriculum.

Makes an appropriation to the office of the state treasurer to fund a financial-skills-building program to prepare youth to make the transition from foster care or other youth services.

Establishes that instruction in financial education be provided to pupils in grades 9 through 12; establishes what should be included in such curriculum including the basics of financial planning, budgeting, borrowing, interest rates, personal insurance policies, etc.

Requires the development of a "what mortgage applicants need to know" pamphlet on residential mortgages and provides such pamphlet shall be posted and printed in the 6 most common non-English languages spoken by individuals with limited English proficiency in New York state.

Relates to the creation of the office of financial services for new Americans for the purpose of assisting immigrant communities in gaining financial knowledge and understanding.

Establishes a college experience program for students with developmental disabilities; requires the trustees of SUNY and CUNY to adopt regulations to establish a two year college experience program for students with developmental disabilities at each SUNY and CUNY institution and community college. Such program shall consist of: an academic component related to preparing eligible students for practical living and employment and shall include coursework related to such purposes including, but not limited to, courses in cooking, personal finance, health and wellness, interpersonal communications, and internships.

AB 3262

SB 6079

Allows credit unions, savings banks, savings and loan associations and federal savings associations to accept and secure deposits from municipal corporations. Community investment by credit unions shall be used to support any of the following purposes, as determined by the credit union, in any community where such credit union has authority to provide services, provided the credit union shall prioritize low-income communities when choosing where to invest: (a) minority and women-owned business enterprises in the community; or (b) affordable housing (including multifamily rental housing) for low- and moderate-income individuals in the community; or (c) community services targeted to low- and moderate-income individuals in the community; or (d) activities that revitalize or stabilize the community including low- or moderate-income geographies, or designated disaster areas; or (e) financial literacy.

AB 3421
SB 1589

Establishes the state financial literacy commission; creates a state financial literacy commission to measurably improve the financial literacy and financial capability of New York state residents.

Establishes instruction in financial literacy for students in sixth through eighth grade; requires such instruction to include content on budgeting, savings, credit, debt, insurance, investment, and other issues associated with personal financial responsibility as determined by the education department.

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

Requires instruction in financial management for all students in grades four through eight.

Relates to the establishment of various programs for students in pre-kindergarten through third grade including programs for literacy, career readiness and financial literacy.

AB 5198
SB 5014

Relates to establishing a program for financial transitional living services for foster children; establishes independent development savings accounts for foster children over the age of 16; requires foster children to attend financial literacy and independent living classes.

Requires any school district in the state shall provide, to pupils in grades nine through 12, one full unit of instruction designed to promote consumer awareness and financial education.

AB 6070
SB 2397
Passed Senate 6/18/19

Directs the New York state department of financial services and the New York state department of state's consumer protection division to conduct a study on consumer awareness and financial education in New York state and to make recommendations for a consumer awareness and financial education program.

Establishes a community business initiative to provide grants to postsecondary educational institutions for the development of a school-based incubator to train applicants in business education, financial literacy, and marketing in order to develop local businesses that contribute to the local economy and address community needs.

Provides that there shall be no solicitation for credit card holders through state or city university of New York unless credit education courses are provided.

Requires completion of an economics and personal finance course as a high school graduation requirement in public schools, clarifies requirements for high school civic literacy, and requires professional development for economics and personal finance teachers.

HB 924
Signed by governor 7/8/19, Chapter 82

Clarifies eligibility for extended teacher contracts, requires completion of an economics and personal finance course as a high school graduation requirement in public schools, clarifies requirements for high school civic literacy, and requires professional development for economics and personal finance teachers.

Requires completion of an economics and personal finance course as a high school graduation requirement in public schools, clarifies requirements for high school civic literacy, and requires professional development for economics and personal finance teachers.

Relates to workforce development; creates the Workforce Development Act; provides short title; creates a division in the Department of Labor; sets sunset law date; states purpose; prohibits certain state appropriations for the division; defines terms; provides powers, duties, and responsibilities; authorizes certain contracts requiring certain reports; requires financial literacy programs and materials; allows investigations; provides for interagency cooperation; directs promulgation of rules.

Relates to the small lenders; authorizes certain lenders to apply for certain licensure after certain date; prohibits certain loans after certain date; providing certain exception for outstanding loans; construing expiration of certain license; makes certain licenses expire on certain date; creates the Small Lenders Act; provides that any person licensed pursuant to the Deferred Deposit Lending Act may make application for licensure under the Oklahoma Small Lenders Act. Amends provisions regarding the Consumer Credit Counseling Revolving Fund and the Personal Financial Literacy Education Revolving Fund.

Signed by governor 7/23/19, Chapter 589

Requires the Department of Human Services to award grants to refugee resettlement agencies to provide specified services to refugees. Appropriates moneys from the general fund to the department to award grants, including providing support to refugees in budgeting and achieving financial literacy.

Establishes the Financial Literacy Account for the purpose of supporting implementation and development of curricula related to financial literacy.

HB 49
Signed by governor 11/27/19, Act 91

Amends the Public School Code; relates to high schools; provides for courses of study in personal finance. Beginning with students graduating from a public high school at the end of the 2020-2021 school year, and continuing in each school year thereafter, a student who successfully completes a course in personal finance during grades 9 through 12 shall be permitted to apply up to 1 credit earned for successful completion of the course to satisfy the student's social studies, family and consumer science, mathematics or business education credit requirement for graduation, provided that the governing body of the student's public high school shall have discretion to determine the graduation credit requirement to which the credit earned by the student shall be applied.

Signed by governor 10/30/19, Act 76

Replaces references to "vocational-technical" with "career and technical," replaces references to "vocational" with "career and technical" and replaces references to "vocation" with "career and technical"; deletes references to vocational school districts; and renames the State Board for Vocational Education as the State Board of Career and Technical Education. Includes provisions regarding personal financial literacy.

Amends the Public School Code; relates to terms and courses of study; provides for subjects of instruction, flag code, and for economic education and personal financial literacy programs; provides for personal finance instruction and for capstone courses in personal finance as graduation requirements; establishes the Personal Finance Education Fund; makes an appropriation.

Amends statutes relating to the Judiciary and judicial procedure; relates to sentencing; provides for alternative sentencing for primary caretakers. The court may require the individual to meet certain conditions that the court considers appropriate, including, but not limited to, any of the following: (1) Drug and alcohol treatment, (2) Domestic violence education and prevention, (3) Physical and sexual abuse counseling, (4) Anger management, (5) Vocational and educational services, (6) Job training and placement education, (7) Affordable and safe housing assistance education, (8) Financial literacy, (9) Parenting classes, (10) Family and individual counseling, (11) Family case management services.

Amends the act, known as the Public School Code, in preliminary provisions, establishing the Higher Education Funding Commission and providing for its powers and duties, including an analysis of current efforts by institutions of higher education to improve financial literacy as it relates to the costs associated with the attainment of an associate degree or higher.

Amends Title 42 Judiciary and Judicial Procedure of the Pennsylvania Consolidated Statutes, in sentencing; provides for alternative sentence for pregnant offenders. The court may require the pregnant offender to meet certain conditions that the court considers appropriate, including, but not limited to, the following: (1) Drug and alcohol treatment. (2) Domestic violence education and prevention. (3) Physical and sexual abuse counseling. (4) Anger management. (5) Vocational and educational services. (6) Job training and placement education. (7) Affordable and safe housing assistance education. (8) Financial literacy. (9) Parenting classes. (10) Family and individual counseling. (11) Family case management services.

HR 242
Adopted 4/17/19

Recognizes the month of April 2019 as "Financial Literacy Month" in Pennsylvania in special recognition of the importance of increasing financial literacy among residents of this Commonwealth.

Designates the week of Sept. 29 through Oct. 5, 2019, as "Financial Planning Week" in Pennsylvania.

Amends the act known as the Public School Code, in terms and courses of study; provides for subjects of instruction and flag code and for economic education and personal financial literacy programs; provides for personal finance instruction and for capstone course in personal finance as graduation requirement; establishes the Personal Finance Education Fund; makes an appropriation.

Replaces references to "vocational-technical" with "career and technical," replaces references to "vocational" with "career and technical" and replaces references to "vocation" with "career and technical"; deletes references to vocational school districts; and renames the State Board for Vocational Education as the State Board of Career and Technical Education. Includes provisions regarding personal financial literacy.

Provides for student loan debt data collection and report, for procedures for student loans, for disclosure of higher education costs, for a student loan ombudsman, for higher education assistance by employers, for duties of the Department of Education, Department of Banking and Securities and Department of Revenue; establishes the Student Loan Refinancing Program; authorizes the Pennsylvania Higher Education Assistance Agency to issue bonds to fund the Student Loan Refinancing Program; establishes the Student Loan Refinancing Fund; provides for student loan debt tax credit, for application for tax credit, for taxpayer eligibility, for carryover and carryback, for outreach and marketing, for guidelines, for employer incentive for higher education assistance tax credit, for application for tax credits and for carryover, carryback and assignment of tax credits; and imposes penalties.

SB 723
Passed Senate 9/23/19

Relates to high schools; provides for courses of study including personal finance.

Amends Law 10 of 2017, the Organic Law of the Office for the Community and Socio-economic development, to provide that said government unit to design, plan, coordinate, promote and disclose a financial education program for the population that it is supposed to address, with a view to ensuring the development of a better credit consumer, and to reduce the incidence of bankruptcies and stimulate savings and investment in productive activities.

SR 1196
Adopted 9/3/19

Amends Senate Resolution 188 of 2017 which ordered a study on the impact of the economic crisis on the financial security of the population, with special emphasis on the elderly, as well as the results obtained from public and private measures that have been adopted to ensure the financial education of the generation that is being raised today.

Mandates a program of financial literacy to be taught to all students in public high schools throughout the state and that the curriculum of the program would include, but not be limited to, budgeting, maintaining credit, saving, investing, and protecting and insuring assets.

Establishes rules and procedures for licensing emergency shelters, including setting minimum standards and prohibiting the charging of fees to the residents. Resident funds provided to a shelter for the purposes of teaching financial literacy or creating a "savings account" are permitted if the funds are returned to the resident at the appropriate time or upon request.

Relates to criminal procedure; establishes Sentencing Act; requires Department of Corrections to assist offenders with reintegration into society, provide counseling, medical care, and release to home confinement and community confinement for elderly and terminally ill offenders. The department shall establish prerelease planning procedures that help prisoners acclimate back into society. The planning procedures shall include providing defendants with information in the following areas: (1) Health and nutrition; (2) Employment; (3) Literacy and education; (4) Personal finance and consumer skills; (5) Community resources; (6) Personal growth and development; (7) Release requirements and procedures; and (8) Medical care.

HB 5955
Adopted 4/3/19, Resolution 192
SB 794

Adopted 4/9/19, Resolution 202

Proclaims April 2019, to be "Financial Literacy Month" in the state of Rhode Island.

Mandates that a program of financial literacy be taught to all students in public high schools throughout the state; requires the curriculum of the program to include, but not be limited to, budgeting, maintaining credit, saving, investing, and protecting and insuring assets.

Amends §59-29-165, relating to instruction in personal finance required in public high schools, so as to require one unit of personal finance instruction for all high school students entering the ninth grade in the 2019-2020 school year.

Amends §59-29-410, relating to instructional topics required in high school financial literacy programs, so as to also require instruction on the topics of college and education loans, key loan terms, monthly payment obligations, repayment options, credit, and education loan debt.

Provides that disbursements from the Financial Literacy office may be made only on the written authorization of the individual designated by the school district and only for the purposes specified. A person violating this section is guilty of a misdemeanor and, upon conviction, must be fined $5,000 or imprisoned for not more than six months, or both.

Enacts the "college financial aid education act"; amends §59-29-410, relating to topics included in high school financial literacy programs, so as to include financing secondary education among the topics; amends §§59-103-165, 59-103-170, and 59-103-190, all relating to post-secondary education option information packages and counseling for eighth-grade students, so as to expand the scope of students to whom packages and counseling are offered to include high school students and college students; and retitles article 2, chapter 103, title 59, from "post-secondary education option information" to "post-secondary education information and counseling."

Adds §59-29-163 so as to require two credits of coursework in one foreign language and foreign culture with an end-of-year test as a requirement for high school graduation beginning with students entering the ninth grade for the 2019-2020 school year, and provides alternative requirements for students who participate in "English as a second language" programs; amends §59-29-165, relating to instruction in personal finance for students attending public high schools, so as to require a one-half credit course in personal finance with an end-of-year test as a requirement for high school graduation beginning with students entering the ninth grade for the 2019-2020 school year; and amends §59-39-100, relating to units required for a high school diploma, so as to increase the number of units required to conform to the requirements of this act.

Adds §59-29-17 so as to require a one-half credit course of study in personal finance with an end-of-course examination as a requirement for high school graduation beginning with the 2020-2021 school year.

Requires a one-half credit course of study in personal finance with an end of year test as a requirement for high school graduation beginning with the 2020 to 2021 school year.

Provides that by Dec. 31, 2019, in accordance with the purposes and regulations of the U.S. Department of Education regarding the provisions of the Higher Education Opportunity Act of 2009 as it pertains to student loan default and related matters, the State Fiscal Accountability Authority (SFAA) shall utilize the state's consolidated procurement code to procure a statewide centralized vendor to administer a "Student Loan Default Aversion and Financial Literacy Program". Funding for the program must not come from new state appropriations but from existing funds held in a state-owned account of the South Carolina State Education Assistance Authority. The only funds of the authority that may be utilized by SFAA for these purposes are existing funds that have been specifically held by the authority for expenditure, the purposes of which must include default aversion and financial literacy outreach activities as permitted by federal law.

Adds §59-29-17 to provide that each high school shall offer a one-half credit course in personal finance as an elective that students may use to complete graduation requirements. The curriculum for this course option as a partial graduation requirement shall incorporate competencies pursuant to Financial Literacy Instruction in Act 38 of 2005.

Provides that disbursements from the Financial Literacy office may be made only on the written authorization of the individual designated by the school district and only for the purposes specified. A person violating this section is guilty of a misdemeanor and, upon conviction, must be fined $5,000 or imprisoned for not more than six months, or both.

HB 1040
Signed by governor 2/13/19, Chapter 96

Establishes provisions regarding the Opportunity Scholarship Program; provides eligibility and participation requirements, includes one-half unit of personal finance or economics.

Establishes minimum requirements for high school graduation, includes one-half unit of personal finance.

SB 151
Tabled 2/25/19

Revises the course requirements for the opportunity scholarship, eliminates requirement for one-half unit of personal finance or economics.

HB 87
Substituted 3/4/19
SB 233
Signed by governor 3/22/19, Public Chapter 37

Designates the week beginning on the first Sunday in April as Financial Literacy Week in Tennessee.

Specifies that the report provided by the Tennessee financial literacy commission to the general assembly must be submitted by Feb. 1 of each year.

HB 1449
Substituted by SB 985 4/22/19

Allows a court to sentence a person to an individually assessed sentence based on community rehabilitation with a focus on parent child unity and support, if the person has been convicted of a nonviolent offense and is the primary caretaker of a dependent child. The court may require the person to meet certain conditions that the court considers appropriate, including, but not limited to: (1) Drug and alcohol treatment; (2) Domestic violence education and prevention; (3) Physical and sexual abuse counseling; (4) Anger management; (5) Vocational and educational services; (6) Job training and placement; (7) Affordable and safe housing assistance; (8) Financial literacy; (9) Parenting classes; (10) Family and individual counseling; and (11) Family case management services.

Allows a court to sentence a person to an individually assessed sentence based on community rehabilitation with a focus on parent-child unity and support, if the person has been convicted of a nonviolent offense and is the primary caretaker of a dependent child. the court may require the person to meet certain conditions that the court considers appropriate, including, but not limited to: (1) Drug and alcohol treatment; (2) Domestic violence education and prevention; (3) Physical and sexual abuse counseling; (4) Anger management; (5) Vocational and educational services; (6) Job training and placement; (7) Affordable and safe housing assistance; (8) Financial literacy; (9) Parenting classes; (10) Family and individual counseling; and (11) Family case management services.

HB 53
Signed by governor 6/10/19, Chapter 707

Expands the curriculum for the experiential life skills training provided for youth in foster care to include certain aspects of a financial literacy education.

HB 1182
Passed House 4/16/19
SB 686
Passed Senate 4/29/19

Relates to personal financial literacy courses for high school students in public schools.

HB 1389
Passed House 3/26/19

Relates to the placement on community supervision, including deferred adjudication community supervision, of a defendant who is the primary caretaker of a child. A court placing a defendant on deferred adjudication community supervision under this article may impose conditions of deferred adjudication community supervision that emphasize the defendant's rehabilitation in a community setting and parent-child unity and provide support to the parent-child relationship, such as conditions relating to: (1) alcohol or substance abuse counseling or treatment; (2) domestic violence education and prevention; (3) physical or sexual abuse counseling; (4) anger management; (5) vocational, technical, or career education or training, including financial literacy; (6) affordable and safe housing assistance; (7) parenting skills; (8) family or individual counseling; or (9) family case management services.

Relates to requiring regional education service centers to provide information to school district employees regarding health and retirement benefits and financial literacy.

Relates to a pilot program to increase the financial independence of foster children who are transitioning to independent living. Incentives may be established to provide financial rewards to foster children for actions performed by the children, including college visits or attendance at financial education classes.

Relates to the development of additional instruction that may be used by a public school after administration of all state required assessment instruments for the school year, includes personal financial literacy.

Relates to the transition and employment guide for public school students enrolled in a special education program. The guide must contain financial literacy, including information and curricula on the effective long-term management of financial resources.

Relates to establishment of the higher education pilot program for foster youth and former foster youth, includes financial literacy training.

SR 651
Adopted 4/29/19

Recognizes April 2019 as Financial Literacy Month.

HB 286
Signed by governor 3/25/19, Chapter 226

This bill amends provisions related to financial and economic literacy education. This bill: amends the definition of "financial and economic literacy concepts"; amends provisions related to standards related to financial literacy; repeals and reenacts provisions related to: a general financial literacy course; and professional development related to financial literacy education; repeals provisions related to a financial and economic literacy passport; amends provisions related to the convening of a task force; and makes technical and conforming changes.

This bill proposes to support the creation of an opportunity economy by providing funding and policy guidance for: (1) the Microbusiness Development Program; (2) the Vermont Matched Savings Account Program; (3) workforce development and training programs for Vermonters with barriers to employment; (4) financial education, coaching, and credit building services for Vermonters with barriers to financial security; and (5) the Volunteer Income Tax Assistance Program.

Signed by governor with line-item veto 4/28/19, Chapter 295

Expands the current and future educator workforce supply. Includes financial education opportunities in the Recruiting Washington Teachers Program.

Requires each high school student to complete a one-half credit course of study in personal finance.

Concerns the reentry task force. The task force shall create a program to provide and coordinate the delivery of community services to juvenile and adult offenders, including: (1) Housing assistance; (2) Literacy and education; (3) Job training and job placement; (4) Conflict resolution skills training; (5) Batterer intervention programs; (6) Health and nutrition information, including mental health treatment; (7) Personal finance and consumer skills; and (8) Other appropriate social services, including, but not limited to, (i) Release requirements and procedures, (ii) drug and alcohol testing and assessment for treatment, and (iii) additional community resources.

Requires completion of personal finance class to graduate high school.