Summary Financial Literacy 2021 Legislation

HB 150
SB 328

This bill prohibits Alabama postsecondary educational institutions and every athletic association, conference, or other group or organization with authority over intercollegiate sports from preventing any student athlete participating in intercollegiate sports from earning compensation as a result of the use of the student athlete's name, image, or likeness or seeking or obtaining legal or professional representation relating to the student athlete's participation in intercollegiate sports. The bill also requires each postsecondary educational institution to conduct a financial literacy and life skills workshop for each student athlete at the beginning of each student athlete's first and third years.

HB 404
Signed by governor 4/19/21, Act 227
SB 230

Relates to student athletes; provides that a student athlete may earn compensation for the use of the student athlete's name, image, or likeness; provides that certain postsecondary educational institutions may not prevent or unreasonably restrict the receipt of compensation by a student athlete for use of their name, image, or likeness; requires each postsecondary educational institution subject to this act to conduct financial literacy and life skills programming for student athletes; and establishes a commission to provide rules and recommendations on matters related to name, image, and likeness issues; establishes penalties for violations of the act and rules of the commission; and creates §8-26B-32 of the Code of Alabama 1975, to provide for oversight and enforcement by the Alabama Athlete Agents Commission.

HB 439

This bill allows local boards of education to offer instruction in the life skills of personal finance literacy, personal rights, and good citizenship in grades six to 12 as an elective course or as a component in the health education and physical education state courses of study.

SB 328

This bill prohibits Alabama postsecondary educational institutions and every athletic association, conference, or other group or organization with authority over intercollegiate sports from preventing any student athlete participating in intercollegiate sports from earning compensation as a result of the use of the student athlete's name, image, or likeness or seeking or obtaining legal or professional representation relating to the student athlete's participation in intercollegiate sports. The bill also prohibits an athletic association, conference, or other group or organization with authority over intercollegiate sports from preventing a postsecondary educational institution from participating in intercollegiate sports as a result of the compensation of a student athlete for the use of the student athlete's name, image, or likeness, or from directly providing a prospective intercollegiate student athlete with compensation in relation to the student athlete's name, image, or likeness. The bill prohibits the revocation of a student's scholarship as a result of earning compensation or obtaining legal representation as authorized under the bill. The bill prohibits a student athlete from entering into any contract providing compensation to the athlete for use of the athlete's name, image, or likeness if a provision of the contract is in conflict with a provision of the athlete's team contract, and also prohibits a team contract from preventing a student athlete from using his or her name, image, or likeness for a commercial purpose when the athlete is not engaged in official team activities. The bill requires that each postsecondary educational institution fund an annuity for each student athlete who declares that he or she will not receive compensation for use of his or her name, image, or likeness and will not seek or retain professional or legal representation relating to the student athlete's participation in intercollegiate sports, and allows each student athlete to amend or renew his or her declaration under certain conditions. The bill also requires each postsecondary educational institution to conduct a financial literacy and life skills workshop for each student athlete at the beginning of each student athlete's first and third years.

None

HB 2064

Relates to personal finance course; relates to requirement; relates to appropriation; relates to high school.

SB 1542

Relates to pretrial diversion program; includes financial literacy courses in the primary caregiver diversion program.

SB 1636
Signed by governor 4/26/21, Chapter 285

Repeals statute that requires a new program or committee to contain a specific expiration date that is not more than 10 years or eight years, respectively, after the effective date of the enabling legislation. Removes the termination date for the following: State seal of personal finance proficiency program.

SB 1694

Relates to erroneous conviction; relates to damages; relates to tuition assistance.

SB 599
Signed by governor 4/29/21, Act 1025

Establishes the Arkansas financial education commission.

SB 694
Signed by governor 4/29/21, Act 1038

Requires the division of higher education to develop an asynchronous module on the concepts of personal finance and macroeconomics for distribution to students enrolled in institutions of higher education.

AB 423

This bill requires the State Department of Education to implement, commencing with the 2022-23 school year, a financial literacy pilot program. The bill, under the pilot program, authorizes a school district or charter school to voluntarily incorporate a financial literacy program into a course, for pupils in grade 11 or 12, offered by the local educational agency. The bill requires the department to submit a report with findings on the pilot program to the Legislature on or before Jan. 1, 2026. This bill makes these provisions inoperative on June 30, 2026, and repeals it as of Jan. 1, 2028.

AB 639

This bill, commencing with the 2022-23 school year, authorizes a school district or charter school to incorporate a financial literacy program into an economics course offered by the local educational agency, and authorizes the curriculum for the financial literacy program to include specified topics. The bill authorizes a local educational agency that chooses to establish the financial literacy program to collaborate with a financial institution, as defined, at no cost to the local educational agency.

SR 27
Adopted 5/3/21

Recognizes and declares the month of April 2021, as Financial Capability Month, in order to raise public awareness about the need for increased financial capability.

HB 1094
Signed by governor 6/25/21, Chapter 340

The bill creates the foster youth in transition program (transition program) in the state department of human services (state department) to be implemented in county departments of human or social services (county departments) throughout the state. The bill describes the services and supports that will be made available to a youth through the transition program, including assistance with enrolling in Medicaid; assistance with securing appropriate housing; and providing case management services, such as developing a roadmap to success, obtaining employment and financial literacy, obtaining critical documents and records, and accessing information about relatives and siblings, if available and appropriate.

HB 1134
Signed by governor 6/29/21, Chapter 379

The bill creates the tenants' rent payment information pilot program (pilot program) and directs the Colorado housing and finance authority (authority) to contract with a third party to administer the pilot program in accordance with rules promulgated by the authority. The administrator shall recruit no more than 10 landlords to participate in the pilot program. A tenant may participate in the pilot program only if the tenant elects to participate and completes a financial education course. On or before Jan. 1, 2024, the authority, in consultation with the administrator, shall submit to applicable legislative committees of reference a report concerning the pilot program. The pilot program is repealed, effective June 1, 2024.

HB 1200
Signed by governor 6/22/21, Chapter 284

The bill directs the state board of education (state board) to review, during a recurring interval specified in the bill, standards relating to the knowledge and skills that a student should acquire in school to ensure that the financial literacy standards for ninth through 12th grade include an understanding of the costs associated with obtaining a postsecondary degree or credential and how to budget for and manage the payment for those costs, including managing student loan debt and accessing student aid through completion of the free application for federal student aid (FAFSA) and the Colorado application for state financial aid (CASFA); understanding credit cards and credit card debt; understanding homeownership and mortgages; and understanding retirement plans, including investments and retirement benefits. The bill adds to the resources contained in the existing financial literacy resource bank created and maintained by the state board specific references relating to assessing the affordability of higher education and how to budget and pay for higher education, as well as how to manage student loan debt; understanding the purpose of and how to access and complete the FAFSA or CASFA; understanding credit cards and credit card debt; understanding the home buying process, including home loans and managing mortgage debt; and understanding retirement plans, including investments and retirement benefits. Under current law, school districts are encouraged to adopt a financial literacy curriculum and to make completion of a course in financial literacy a graduation requirement. The bill adds assessing the affordability of higher education and how to budget and pay for higher education, as well as how to manage student loan debt, to the suggested financial literacy curriculum, as well as familiarizing students with the process and required forms to apply for financial aid, grants, and scholarships, including the FAFSA and CASFA. Further, the bill requires school districts and charter schools, as part of the process of establishing the individual career and academic plan for a student in grades nine through 12, to inform the student and the student's parents of the importance of completing the FAFSA and CASFA and to provide help in completing the forms, if requested.

SB 148
Signed by governor 6/24/21, Chapter 315

The bill creates the financial empowerment office (office) and the director of the office (director) in the department of law to grow the financial resilience and well-being of Coloradans through specified community-derived goals and strategies. The director is appointed by the attorney general and may hire staff as necessary to perform the duties and functions of the office. The office also consists of a manager who is appointed by the director. The office is authorized to partner with governmental bodies, community organizations, financial institutions, local service providers, philanthropic organizations, and other organizations as necessary to achieve the purposes of the office. The office is also authorized to develop or promote new or existing: Methods to increase access to safe and affordable financial products; Tools and resources that advance, increase, and improve Colorado residents' financial management; Community-informed strategies that dismantle systemic barriers to building ownership and wealth for all, especially low-income communities and communities of color; and Tools that promote financial stability such as those that assist with service navigation, eviction avoidance, or connections to income supports. The financial empowerment office is required to: Support the organization of community efforts to define and lead financial resilience strategies; Align, support, and build ties to build financial education and well-being in communities across the state; Establish a council to assist the director in increasing access to ownership, financial well-being, and safe and affordable banking and financial services that help improve the financial stability of Colorado residents and in identifying products and practices that may undermine financial stability; Work with stakeholders to increase access to safe and affordable credit-building loans and financial products; Work with state authorities and other stakeholders to expand access to safe and affordable banking products with low fees and easy account access, as well as safe and affordable credit-building loans offered by financial service providers licensed in Colorado at costs that do not exceed the finance charges permitted by Colorado law; Work with stakeholders to identify products and practices that may undermine financial stability; Develop technical assistance to launch or expand local financial coaching and counseling efforts; Raise money to support coaching, safe and affordable banking, and potential loan funds; and Track community feedback on consumer financial abuses and coordinate with various state agencies, connect consumers with existing resources, and educate the public on their related consumer rights. The office is also required to submit an annual report to the general assembly regarding the activities of the office, the state of affordable banking access in Colorado, and other specified information.

HB 5484
Failed Joint Favorable deadline 4/5/21

Establishes a pilot program in five school districts for the school year commencing July 1, 2021, that requires that each high school student in such school districts to successfully complete a one-semester course that contains a curriculum that focuses on (1) social good, (2) emotional learning and life skills, (3) active listening, (4) problem solving, (5) anger management, (6) mental health, (7) conflict resolution, and (8) financial literacy and personal finance basics taught in collaboration with a licensed social worker, licensed financial planner, certified accountant, certified insurance producer or other certified financial professional.

HB 5763
Failed Joint Favorable deadline 4/5/21

Includes 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.

HB 6661
Failed Joint Favorable deadline 4/23/21

Establishes the Financial Literacy Trust Fund to be used by the treasurer to promote and raise awareness of financial literacy to state residents.

SB 1033

This bill makes changes in the law governing public high school graduation requirements. The bill requires students to complete one credit in personal financial management in order to graduate, which may count towards the nine-credit STEM course requirement. This does not increase the total number of high school credits needed to graduate beyond the 25 required in current law. However, it presumably requires the subject area to be added to a public high school’s course offerings in time for the class of 2025 to complete it. The bill also allows, during the 2021-22 school year only, a local or regional board of education to grant one credit in personal financial management to any student who takes separate courses in grades 9-12 as part of the STEM graduation requirements. A credit earned in this way (1) may be considered to cumulatively meet the 40-minute class period daily requirement in existing law and (2) must be considered a cross-curricular graduation requirement, so long as a portion of these credits’ curriculum corresponds to the personal financial management subject matter.

None

B24-81

Amends the Financial Literacy Council Establishment Act of 2007 to establish a financial literacy education program.

B24-235

Provides for the creation and governance of a program giving youth who have aged out of the foster care system a $1,000 stipend each month for economic support; and provides access to financial literacy advice and tools for money management.

B24-445

The College Student Athlete Compensation Amendment Act permits student-athletes to earn compensation for use of their name, image, or likeness; prohibits student-athlete compensation for endorsements of restricted products or activities like alcohol, tobacco, gambling, performance enhancing drugs, or adult-only entertainment; maintains prohibitions on student-athlete pay for play or performance as well as payments to induce attendance at a particular school; enables universities to put reasonable rules around NIL compensation that protect their intellectual property and contractual relationships; and provides for disclosure of student-athlete endorsement and agent contracts to ensure compliance with university rules and the law. The bill also encourages universities to offer financial literacy programming on the basics of budgeting and debt management, taxes, and banking and investment. The bill updates the District’s Uniform Athlete Agents Act to ensure student-athletes are protected from unscrupulous actors seeking to represent them without undertaking fiduciary responsibilities.

None

HB 617
Signed by governor 5/6/21, Act 228

Amends Chapter 3 of Title 20 of the Official Code of Georgia Annotated, relating to postsecondary education, so as to provide that student athletes participating in intercollegiate athletic programs at postsecondary educational institutions may receive compensation for the use of the student athlete's name, image, or likeness; to provide for application to intercollegiate athletic associations; to allow for professional representation of such student athletes participating in intercollegiate athletics; to provide for findings; to provide for definitions; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes. Requires a postsecondary educational institution to conduct a financial literacy and life skills workshop for a minimum of five hours at the beginning of the student athlete's first and third academic years. The workshop shall, at a minimum, include information concerning financial aid, debt management, and a recommended budget for student athletes based on the current academic year's cost of attendance. The workshop shall also include information on time management skills necessary for success as a student athlete and available academic resources. The workshop may not include any marketing, advertising, referral, or solicitation by providers of financial products or services.

HB 681
Passed House 3/8/21

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 literacy for students in 10th or 11th grade; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.

SB 220
To House for concurrence 3/31/21

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 program of study in financial literacy for students in 10th or 11th grade; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.

None

HCR 65
HR 54
SCR 152
Adopted 4/19/21
SR 118
Adopted 3/31/21

Urges the department of education to coordinate with the department of commerce and consumer affairs to implement a graduation requirement of at least a half credit in financial literacy during the junior year or senior year.

SB 220
Passed Senate 2/19/21

Requires the Department of Education to implement a service-learning curriculum to develop student character, values, self-esteem, civic responsibility, financial literacy, and knowledge of local community issues and concerns though community service volunteer work.

SB 1004
To conference committee 4/16/21

Beginning with the 2022-2023 school year, requires the department of education to include the teaching of financial literacy in the personal/transition plan requirement for each student.

SB 1352

Establishes a workforce development grant program within the office of community services of the department of labor and industrial relations, which shall award workforce development grants to organizations that provide workforce development services and provide financial literacy services and associated follow-up services to native Hawaiians. Funds the grant program using revenues from the public land trust. Makes an appropriation.

SCR 81
Passed Senate 3/29/21
SR 61
Adopted 3/29/21

Urges the department of education to include the teaching of financial literacy in the existing personal transition plan course requirement for each student.

None

HB 157

Amends the School Code. Provides that, beginning with the 2021-2022 school year, each school district maintaining any of grades six through eight 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.

HB 3131

Creates the Equity through Financial Literacy Task Force Act. Creates the Equity through Financial Literacy Task Force. Provides for membership of the Task Force. Provides that no less than one-third of the members of the Task Force shall reside in areas outside of the Chicago metropolitan area. Provides that members of the Task Force shall serve without compensation, except that the young adult and college student appointees of the Task Force shall receive a stipend for serving as members. Provides for meetings of the Task Force. Provides that the Office of the Governor shall provide administrative and other support to the Task Force. Provides for duties of the Task Force. Requires the Task Force to submit a report of recommendations to the General Assembly and governor on or before Dec. 31, 2022. Provides for the content of the report. Provides purpose and legislative intent provisions. Repeals the Act on Jan. 1, 2023.

HR 270

Adopted 5/29/21

Urges the Bank on Commission, housed in the Illinois Comptroller's Office, to develop recommendations for improving the financial capability of students enrolled in Illinois' public colleges and universities.

SB 1556

Creates the Financial Literacy Task Force Act. Creates the Financial Literacy Task Force to study and identify best practices for increasing the financial capacity of young adults in Illinois and develop recommendations for increasing the availability, uptake, and positive outcomes of financial education in this state's postsecondary academic institutions. Provides for membership of the Task Force. Provides that members appointed to the Commission must reflect the racial, ethnic, religious, and geographic diversity of this state. Provides for administrative support for the Task Force. Provides meeting requirements. Provides that members of the Task Force shall serve without compensation. Provides that on or before Dec. 31, 2022, the Task Force shall submit a report to the governor and General Assembly regarding financial literacy education in postsecondary academic institutions. Provides for contents of the report. Repeals the Act on Jan. 1, 2024.

SB 1830
Signed by governor 8/13/21, Public Act 102-366

Amends the Courses of Study Article of the School Code. Provides that of the two years of social studies required to receive a high school diploma, one semester, or part of one semester, may include a financial literacy course beginning with pupils entering the ninth grade in the 2021-2022 school year and each school year thereafter.

SR 311

Urges the Bank on Commission, housed in the Illinois Comptroller's Office, to develop recommendations for improving the financial capability of students enrolled in Illinois' public colleges and universities.

SB 343

Requires a transitional services plan for foster children to include information about: (1) the healthy Indiana plan; (2) the federal Supplemental Nutrition Assistance Program; (3) the Temporary Assistance for Needy Families program; (4) basic banking and account management; (5) student loan and grant application completion; and (6) individual development accounts.

HF 502
Became HF 838 3/12/21

This bill relates to various matters under the purview of the insurance division of the department of commerce. Amends Code §502.410 (filing fees) to change the broker-dealer filing fee for an application or renewal registration from $200 to an amount established by the administrator. In addition, the bill amends the filing fee for registration or renewal as an agent from $40 to an amount established by the administrator. Of the agent registration fees collected, 25% are appropriated to the securities investor education and financial literacy training fund. Current law provides that $10 of every $40 fee collected goes to the fund.

SF 346

This bill relates to various matters under the purview of the insurance division of the department of commerce. Amends Code §502.410 (filing fees) to change the broker-dealer filing fee for an application or renewal registration from $200 to an amount established by the administrator. In addition, the bill amends the filing fee for registration or renewal as an agent from $40 to an amount established by the administrator. Of the agent registration fees collected, 25% are appropriated to the securities investor education and financial literacy training fund. Current law provides that $10 of every $40 fee collected goes to the fund.

HB 2039
Vetoed by governor 4/22/21

The bill amends law regarding personal financial literacy education in state curriculum standards. Current law requires the State Board to develop curriculum, materials, guidelines, and standards for all grades within existing mathematics curriculum or other appropriate subject matter curriculum, for use by local boards of education and governing authorities of accredited nonpublic schools. The bill requires, for grades 10, 11, and 12, a personal financial literacy course to be at least one semester or two quarters in length. The bill requires the offered course to include, but not be limited to, the following topics: Saving and investing; Credit and debt; Financial responsibility and money management; and Insurance, risk management, and income. The bill requires all public, private, or parochial high schools to implement personal financial literacy courses in the 2022-2023 and 2023-2024 school years. The bill requires students to pass the personal financial literacy course as a requirement for graduation beginning in the 2024-2025 school year.

HB 2301

The bill amends law regarding financial literacy curriculum. The bill requires all public, private, or parochial high schools accredited by the Kansas State Board of Education to provide a course on personal financial literacy. The bill requires for graduation from high school all students enrolled in grade 11 or 12 to pass such financial literacy course, to include but not be limited to the following areas: Savings and investing; Credit and debt; Financial responsibility and money management; and Insurance, risk management, and income.

None

SB 60
Signed by governor 7/1/21, Act 479

Enacts Chapter 30 of Title 17 of the Louisiana Revised Statutes of 1950, to be comprised of R.S. 17:3701 through 3703, relative to intercollegiate athletics; to provide relative to the compensation and rights of intercollegiate athletes; to provide with respect to professional representation of intercollegiate athletes; to provide for the responsibilities of postsecondary education institutions with respect to intercollegiate athletes' compensation, including a financial literacy and life skills workshop for a minimum of five hours at the beginning of an intercollegiate athlete's first and third academic years.; to provide for effectiveness; and to provide for related matters.

LD 701

This bill adds instruction in financial literacy and social-emotional competence to the minimum requirements for a high school diploma.

HB 102
SB 194

Requires the compensation rate for inmate labor in Maryland Correctional Enterprises to be not less than the state minimum wage; repeals a requirement that the Department of Public Safety and Correctional Services reimburse a certain county or the state for certain costs from an inmate’s earnings under certain circumstances; prohibits the Department from deducting certain costs from an inmate’s earnings; requires the Division of Correction to offer job training to certain inmates; requires the Division to partner with labor unions and trade associations to develop certain training programs; requires certain training to focus on certain skills; requires the Division to offer educational courses to certain inmates; requires certain educational courses to include certain types of courses and subjects such as financial literacy; requires the Department to report to the governor and General Assembly on certain matters on or before a certain date annually; makes a conforming change; and generally relates to inmates.

HB 916

Requires the State Department of Education to update the Maryland State Curriculum for Personal Financial Literacy Education and corresponding financial literacy standards to include content related to student loans and taxes; authorizes a county board of education to collaborate with financial managers and institutions to help students achieve financial literacy; requires the State Board of Education to establish a financial literacy education week; requires a county board to require schools in the county to host public discussions on financial literacy during the financial literacy education week; requires the State Board to develop curriculum content for certain courses in financial literacy; requires each county board to implement the financial literacy curriculum content in every public middle and high school in the county, beginning in a certain school year; requires students to complete a financial literacy course in order to graduate from a public middle or high school; requires the financial literacy curriculum content to enable students to understand and apply certain principles of financial literacy; authorizes the State Board to adopt regulations to carry out this Act; and generally relates to the development and implementation of a financial literacy curriculum that is required for graduation from a public middle or high school in the state.

HB 1299

Requires the State Board of Education to develop curriculum content for a certain course in financial literacy; requiring each county board of education to implement the financial literacy curriculum content in every public high school in the county; requires students to complete a certain course in order to graduate from a public high school; and generally relates to the development and implementation of a financial literacy curriculum that is required for graduation from a public high school in the state.

HB 40

Submits recommendations of the Department of the State Treasurer as relates to financial literacy for individuals and families.

HB 42

Submits recommendations of the Department of the State Treasurer as relates to requiring financial education in schools.

HB 220

Establishes an interagency child welfare task force. 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, to 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.

HB 231

Relates to financial literacy.

HB 578

Relates to establishing a personal financial literacy curriculum in schools.

HB 1343

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

HB 3922
Substituted by HB 4219 10/25/21

Relates to immediate COVID recovery needs; creates a reserve to create and maintain opportunities for homeownership for residents of municipalities disproportionately impacted by the pandemic; provides that funds may be expended to first-time homebuyer counseling and financial literacy programs.

HB 4219
Substituted by HB 4234 11/2/21

Relates to immediate COVID recovery needs; creates a reserve to create and maintain opportunities for homeownership for residents of municipalities disproportionately impacted by the pandemic; provides that funds may be expended to first-time homebuyer counseling and financial literacy programs.

HB 4234
Substituted by HB 4269 12/2/21

Relates to immediate COVID recovery needs; creates a reserve to create and maintain opportunities for homeownership for residents of municipalities disproportionately impacted by the pandemic; provides that funds may be expended to first-time homebuyer counseling and financial literacy programs.

HB 4269
Signed by governor with line-item vetoes 12/13/21, Chapter 102

Relates to immediate COVID recovery needs; creates a reserve to create and maintain opportunities for homeownership for residents of municipalities disproportionately impacted by the pandemic; provides that funds may be expended to first-time homebuyer counseling and financial literacy programs.

SB 346

Relates to high school financial literacy education.

SB 380

Relates to student financial literacy.

SB 381

Requires financial education in schools.

HB 5190
Passed House 12/1/21

Modifies requirements for State merit curriculum. The bill adds a 0.5-credit personal finance requirement and reduces the foreign language requirement from two credits to 1.5 credits in the Michigan Merit Curriculum (MMC). Requires the Michigan Department of Education (MDE) to develop subject area content expectations for the personal finance course. The current requirements would apply for the last time to students entering eighth grade in 2022, and the new requirements would apply to all subsequent students.

HR 71
Adopted 3/25/21

Declares April 2021 as Financial Literacy Month in the state of Michigan.

HF 389
SF 547

Enacts the Women of Color Opportunity Act; creates pilot projects, including competitive grant programs to increase the financial literacy of girls of color; requires a report; appropriates money.

HF 404
SF 47

Appropriates money for financial literacy instruction grants.

HF 562
SF 1365

Modifies social studies graduation requirements, adding personal finance as an option; amends Minnesota Statutes 2020, §120B.024, subdivision 1.

HF 705
SF 996

Modifies civics and social studies graduation requirements, adding personal finance as an option; amends Minnesota Statutes 2020, §120B.02, subdivision 3; §120B.024, subdivision 1.

HF 709
SF 1217

Increases funding for the Minnesota Council on Economic Education; appropriates money.

HF 1092
SF 2043

Appropriates money for a grant to Girl Scouts River Valleys for the ConnectZ program that includes healthy relationships; science, technology, engineering, and math; financial literacy; college and career readiness; and leadership development and service learning; requires a report.

HF 1281
SF 2305

Creates the getting to work grant program, includes financial literacy as part of program; requires reports; appropriates money; proposes coding for new law in Minnesota Statutes, chapter 116J.

HF 1342
Indefinitely postponed 4/16/21
SF 1098
To conference committee 4/21/21

Relates to economic development; labor and industry; appropriates money for jobs and economic growth finance; appropriates $1 million each year for a competitive grant program to provide grants to organizations that provide support services for individuals, such as job training, employment preparation, internships, job assistance to parents, financial literacy, academic and behavioral interventions for low-performing students, and youth intervention. Grants made under this section must focus on low-income communities, young adults from families with a history of intergenerational poverty, and communities of color. Of this amount, up to $20,000 is for administration and monitoring of the program.

HF 1617
SF 750

Requires a personal finance class for high school graduation; amends Minnesota Statutes 2020, §120B.024, subdivision 1.

HF 1997
SF 845

Appropriates money for Girls in Action programming grant, including programs focused on increasing financial literacy and knowledge of options for financing college or postsecondary education.

HF 2146
SF 2042

Provides grants to the Minnesota Council on Economic Education; requires reports; appropriates money.

SF 236

Appropriates money for financial literacy instruction grants.

SF 362

Modifies graduation requirements to include personal finance; amends Minnesota Statutes 2020, §120B.024, subdivision 1.

HB 536
Passed House 2/11/21

Amends the definition of "unemployment" to exclude individuals receiving voluntary payments from employers if those payments equal their regular salary and individuals on administrative leave; amends the definition of "wages" to include payments from employers that are in lieu of the employee's regular wages. Includes personal finance in course content for students pursuing a career technical education pathway.

HB 539
Passed House 2/3/21

Creates the Comprehensive Career and Technical Education Reform (CCATER) Act; provides that dual credit career and technical education instructors shall not be required to hold an associate or bachelor's degree; requires the Mississippi Board of Education to provide notice to all incoming middle school and junior high students of the career track programs offered by local school boards. Includes personal finance in course content.

HB 849
Passed House 2/3/21

Relates to the Mississippi Code, for the purpose of possible amendment. Includes personal finance in course content for the career track program.

HB 1253
Passed House 2/11/21

Revises the construction management at risk method of project delivery; provides that for the purposes of a qualifications based selection procedure, a contract for construction management at risk services shall be treated the same as a contract for architectural, engineering and land surveying services; provides that the construction manager selected by an agency or governing authority to provide construction management at risk services shall solicit bids for construction. Includes personal finance in course content for students pursuing a career technical education pathway.

HB 1298
Died in committee 2/2/21

Creates the Comprehensive Career and Technical Education Reform Act; provides that dual credit career and technical education instructors shall not be required to hold an associate or bachelor's degree; requires the state board of education to provide notice to all incoming middle school and junior high students of the career track programs offered by local school boards; requires all students in the career and technical education track to take the act workkeys assessment; revises the curriculum.

HB 1301
To House for concurrence 3/10/21

Creates the Comprehensive Career and Technical Education Reform Act; provides that dual credit career and technical education instructors shall not be required to hold an associate or bachelor's degree; requires the state board of education to provide notice to all incoming middle school and junior high students of the career track programs offered by local school boards; requires all students in the career and technical education track to take the act workkey's assessment. Includes personal finance in course content for students pursuing a career technical education pathway.

HB 1092

Currently, a person who was wrongfully convicted and subsequently exonerated through DNA evidence may receive restitution for every day the person was incarcerated for the wrongful conviction. However, the person has no civil cause of action. This bill repeals the language regarding restitution and provides a civil cause of action for any person who was incarcerated for a wrongful conviction, regardless of how that person was subsequently exonerated. A person may also be awarded other nonmonetary relief as sought in the complaint including, but not limited to, counseling, housing assistance, and personal financial literacy assistance, as appropriate. Includes personal finance in course content for the career track program.

HB 185
Missed deadline for general bill transmittal 3/2/21

Revises laws related to school instruction; revises the requirements for the basic instructional program in high schools to allow course offerings in personal finance and, if foreign language is a graduation requirement, to offer courses in software programming that meet that requirement

LB 327
Indefinitely postponed 5/27/21

Amends §79-729, Reissue Revised Statutes of Nebraska; provides a personal finance or financial literacy requirement for high school graduation as prescribed; and repeals the original section.

LB 452
Signed by governor 5/25/21

Adopts the Financial Literacy Act; provides a graduation requirement; changes duties relating to academic content standards; harmonizes provisions and to repeal the original sections.

LB 538
Indefinitely postponed 5/27/21

Adopts the Community Schools Act; changes the distribution of income from solar and wind agreements on school lands. Includes financial literacy in types of programming required for community schools.

AB 19
Signed by governor 5/28/21, Chapter 192

Existing law: (1) designates certain academic subjects, including social studies, as core academic subjects that must be taught in all public schools; and (2) requires the Council to Establish Academic Standards for Public Schools to adopt standards of content and performance for certain courses of study, including courses in the core academic subjects. Additionally, existing law provides that social studies includes only the subjects of history, geography, economics and government. This bill removes government from the list of subjects included within social studies and adds civics, financial literacy and multicultural education to that list. Existing law requires rules of general applicability to be adopted as regulations and prescribes a process for the adoption of regulations. This bill exempts standards of content and performance for courses of study in public schools from the process otherwise required for the adoption of regulations, and this bill provides for the removal of existing standards from the Nevada Administrative Code.

AB 104
Signed by governor 6/2/21, Chapter 261

Relates to actions concerning persons; exempts certain records concerning a civil action for wrongful conviction from the requirement to be sealed; exempts the State from provisions governing offers of judgment in an action for wrongful conviction; exempts a judgment for wrongful conviction from interest on certain judgments; clarifies the period of time used to calculate the amount of a judgment for wrongful conviction; limits the amount of monetary compensation which may be awarded to a person. Exempts awards for certain items including, without limitation, payment for tuition, health care and counseling services, including financial literacy, from the calculation of the amount of an award or settlement for the purposes of limiting an award or requiring an award to be reimbursed.

AB 235
Signed by governor 5/31/21, Chapter 241

Relates to education; requires the board of trustees of a school district and the governing bodies of certain charter and private schools to provide support and assistance to certain pupils and their parents and guardians in completing the Free Application for Federal Student Aid; requires the board of trustees of a school district and the governing bodies of certain charter and private schools to report certain information to the State Treasurer; provides other matters properly relating thereto.

SB 76

Relates to education; revises provisions relating to submission and reporting requirements; revises provisions relating to certain advisory councils and committees; renames the Teachers and Leaders Council of Nevada; abolishes the Nevada Commission on Mentoring; abolishes the State Financial Literacy Advisory Council; abolishes the Commission on Educational Technology; abolishes the Competency-Based Education Network; abolishes the Council to Establish Academic Standards for Public Schools.

HB 242
Vetoed by governor 7/30/21

This bill adds specifics to the requirements of providing an opportunity for an adequate education, includes personal finance literacy.

AB 1068

Establishes two-generational school readiness and workforce development pilot program for certain low-income households. Under the bill, the pilot program will include services such as: early learning programs; adult education; child care; housing; job training; transportation; financial literacy; and other related support services such as health and mental health services.

AB 1282
SB 792

Requires State Board of Education high school graduation requirements include instruction on tuition assistance programs and student loan debt; requires high school students to meet with guidance counselor to discuss tuition assistance and dual enrollment.

AB 3062
Passed Assembly 3/1/21
SB 1196
Substituted 6/21/21

Establishes three-year Financial Empowerment Pilot Program.

AB 4663
Substituted 6/24/21
SB 2924
Signed by governor 8/11/21, Chapter 196

Creates two-year “Restorative and Transformative Justice for Youths and Communities Pilot Program” in Juvenile Justice Commission focused on reducing youth involvement with youth justice system; appropriates $8.4 million in FY 2021 and FY 2022. The purpose of the pilot program would be to develop innovative restorative and transformative justice continuums of care in four target cities, Camden, Newark, Paterson, and Trenton, that include two components: community-based enhanced reentry wraparound services and restorative justice hubs. Community-based enhanced reentry wraparound services would include, but not be limited to, services and supports, such as: mental health services; substance use disorders treatment and recovery; life skills support; and other social support services.

AB 5276

Requires students enrolled in public institutions of higher education to complete course on financial literacy.

AJR 46

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

AR 62

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

HB 83
Passed House 2/22/21

Changes graduation requirements beginning in the 2022-2023 school year, continues financial literacy as an eligible elective.

HB 163
Passed House 3/6/21

Allows financial management to count as an elective in sixth through eighth grades; amends graduation requirements; requires one-half unit of financial management prior to graduation.

HB 302

Amends graduation requirements; requires one-half unit of financial literacy prior to graduation.

SB 170

Amends graduation requirements; requires one-half unit of financial literacy prior to graduation.

AB 329
SB 353

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

AB 731
SB 5820

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

AB 976
Substituted 1/25/21
SB 876
Signed by governor 1/28/21, Chapter 14

Directs a study of the status of consumer awareness and financial education in New York state to instead require that the department of financial services website provide information to enhance consumer financial literacy and consumer awareness which shall include information on basic banking and personal financial management, how credit scores are determined and ways to establish good credit, options for investing and increasing savings, best practices for protecting personal information, and any other topics deemed appropriate by the superintendent.

AB 1047
SB 574

Establishes the state financial literacy fund.

AB 2384
SB 5854

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 2498

Relates to establishing 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. Includes personal finance.

AB 3273

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.

AB 5490
SB 5421

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.

AB 5516
SB 1927

Relates to establishing 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.

AB 5978

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 6234
SB 7257

Requires all public and private schools to provide financial literacy education to pupils in grade eleven; directs that certain topics be covered in such educational program.

AB 7220
SB 5827

Requires senior high schools to provide a course in financial literacy; requires students to complete such course as a condition of graduation.

AB 7334
Enacting clause stricken 9/15/21
AB 8289
SB 670

Allows credit unions, savings banks, savings and loan associations and federal savings associations to accept and secure deposits from municipal corporations. Includes financial literacy as community investment by credit union to accept municipal deposits.

SB 3848

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.

SB 5827

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

None

None

Not available

Amends §§3313.603, 3314.03, and 3326.11 and enacts §§121.086, 3319.238, and 3319.239 of the Revised Code relating to teaching financial literacy in high school.

SB 1
Signed by governor 10/28/21, Session Law 51

Amends §§3313.603, 3314.03, and 3326.11 and enacts §§121.086, 3319.238, and 3319.239 of the Revised Code relating to teaching financial literacy in high school, to provide discretion regarding educational requirements of substitute teachers for the 2021-2022 school year, and declares an emergency.

SB 229

Amends §§3301.079, 3302.03, 3302.039, 3310.033, 3313.6412, 3314.03, 3314.262, 3317.022, 3317.11, 3326.15, 3328.22, and 5502.262 and enacts §3313.6027 of the Revised Code regarding blended or remote learning models for the 2021-2022 school year, the state report card, emergency management plans, withdrawal of untested students from internet- or computer-based schools, the Third Grade Reading Guarantee, high school financial literacy instruction, Educational Choice and Cleveland Scholarship payments, operating subsidies for educational service centers, and declares an emergency.

HB 2727
Passed House 3/10/21

Relates to schools; permits Adulting 101 to be taught as an elective in public schools as funding becomes available; lists areas of instruction; allows school district to provide instruction for certain grades; authorizes district to determine timing for instruction; permits partnership to assist in Adulting 101 instruction; provides for integration of instruction in existing course; authorizes instruction in person, virtually or both; specifies specialized teaching certification is not required.

HB 2266
Signed by governor 8/6/21, Chapter 676

Directs the State Business Development Department to study use of economic development methods for purpose of assisting businesses and to report its findings to interim committees of Legislative Assembly related to business on or before a specified date. Includes providing technical assistance and financial literacy services to underserved borrowers as a factor of consideration.

HB 2563

Creates program through which certain lenders may receive award moneys to fund accounts out of which lenders may reimburse themselves for losses on certain loans to business owners and entrepreneurs who currently lack access to capital. Includes providing technical assistance and financial literacy services to underserved borrowers as a factor of consideration.

HB 2702

Requires school districts to ensure that students in grade 12 receive an instructional program on home ownership. Directs the Department of Education to prepare materials to assist school districts in providing such program.

HB 3232

Establishes financial literacy as a requirement for a high school diploma. Directs the Department of Education to establish academic content standards and a statewide assessment system for financial literacy. Requires school districts and public charter schools to offer students instruction in financial literacy.

SB 499

Creates civil claim for wrongful conviction. Authorizes the court to award to the petitioner other relief as sought in the petition, including, but not limited to, access to existing state, local or other programs that provide counseling, housing assistance, eligibility for medical assistance as defined in ORS 414.025, educational assistance, job training, legal services to regain custody of children, assistance with food and transportation and personal financial literacy assistance, as appropriate.

HB 242

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 and establishing the Personal Finance Education Fund; makes an appropriation.

SB 34

Relates to 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.

SB 400

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. Requires financial literacy and loan counseling.

HB 345

Creates the Law of Training and Planning for the Financial Security and Economic Development of the Workforce in Puerto Rico; establishes the public policy of financial training that should be promoted in the workforce in Puerto Rico to promote financial security and the preparation of people who work for their retirement; activates the mandatory financial training program for all employees of the public system.

SB 330

Amends Law 4 of 1985, the Law of the Office of the Commissioner of Financial Institutions, for the purposes of grouping and consolidating into a single Act, the functions, powers and duties of the so called Institute of Financial Education of Puerto Rico; provides for the transfer of all property, documents, unspent amounts of assignments, items and other funds held and under the custody of the aforementioned Institute, to the Office of the Commissioner of Financial Institutions.

HB 5073
Passed House 4/6/21

This bill provides that the council on elementary and secondary education be encouraged to maintain, publish and update statewide standards for instruction of personal finance in public high schools.

HB 5491
Signed by governor 6/1/21, Chapter 31
SB 349
Signed by governor 6/1/21, Chapter 35

This bill requires the council on elementary and secondary education, in consultation with the Rhode Island department of education, to develop and approve statewide academic standards for the instruction of consumer education in public high schools no later than Dec. 31, 2021.

HB 6198
Adopted 4/6/21, Resolution 167
SB 784
Adopted 4/6/21, Resolution 160

Proclaims April of 2021, to be Financial Literacy Month.

Not available

HB 3022

Amends §59-29-410, code of laws of South Carolina, 1976, relating to instructional topics required in high school financial literacy programs, so as to also require instruction in certain additional topics, to make the provisions applicable upon the next adoption of revisions to the social studies academic standards by the state board of education, and to provide the board shall integrate these topics in such revisions.

HB 3116

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 2021-2022 school year.

HB 3248

Amends the code of laws of South Carolina, 1976, by adding article 7 to chapter 11, title 11 so as to provide increased funding to public institutions of higher learning in the same percentage as general fund revenues increase, to provide additional funding for certain scholarships and to provide eligibility criteria for the funding, and to establish the higher education facilities repair and renovation fund to provide infrastructure funding for institutions of higher learning; adds §§59-149-170, 59-149-180, 59-104-50, and 59-104-60 so as to normalize the 10-point grading scale for purposes of eligibility for certain scholarships; amends §59-150-370, relating to the hope scholarship, so as to normalize the 10-point grading scale for purposes of eligibility; adds §§59-142-80 and 59-143-40 so as to appropriate additional funding for the need-based grant program and to provide eligibility criteria for future funding; amends §59-143-30, relating to higher education scholarships and grants, so as to appropriate additional funding for grant programs; amends §59-104-25 and 59-149-15, relating to certain stem stipends, so as to provide that the stipend is available when the student becomes a junior instead of a sophomore; adds §59-142-90 so as to require the appropriation of certain additional funding for need-based grants and need-based tuition grants; repeals §§59-104-20(d) and 59-149-150 both relating to certain scholarship provisions; amends §59-150-370, relating to scholarships, so as to make a conforming change; adds §59-103-175 so as to require the commission on higher education submit policy statements and rules as regulations; requires the procurement of a student loan default aversion and financial literacy program; adds chapter 157 to title 59 so as to create the "state institution of higher education enterprise act"; and amends §11-35-710, as amended, relating to the procurement code, so as to exempt an enterprise division.

HB 3315

Amends the code of laws of South Carolina, 1976, so as to enact 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."

HB 3688

Adds §31-3-60 so as to provide that to be eligible for housing under the housing authority, an individual shall attend one financial literacy class offered or approved by the department of consumer affairs.

HB 4031

Amends the code of laws of South Carolina, 1976, by adding chapter 157 to title 59 so as to provide definitions, to provide that a student athlete may receive compensation for the use of his name, image, or likeness, to provide that an institution of higher learning may not provide a prospective student athlete with compensation, to provide that a student athlete may engage in certain professional representation, to provide that scholarships and stipends are not considered compensation, to provide that a student athlete may not enter into certain contracts in conflict with the athlete's team contract, and to provide that a team contract may not prevent a student athlete from using his name, image, or likeness for commercial purposes when the student athlete is not engaged in official team activities; adds article 9 to chapter 101, title 59 so as to provide definitions, to provide for certain stipends, to provide that a student athlete who participates in more than one sport only may receive one stipend, to provide that stipends awarded are considered financial aid, and to provide for accounting of the stipends awarded; adds article 10 to chapter 101, title 59 so as to provide definitions, to establish the student athlete trust fund, to provide for payments into the trust fund, to require completion of a financial literacy course, to provide for limitations on student athletes who participate in more than one sport, to provide that all payments to student athletes are financial aid, and to provide for certain accounting; and amends §59-102-20, relating to athlete agents and student athlete definitions, so as to provide that agency contracts include the student athlete's name, image, or likeness.

HB 4582

Amends §59-29-410, relating to instructional topics required in high school financial literacy programs, so as to also require instruction in certain additional life skills topics, to make the provisions applicable upon the next adoption of revisions to the social studies academic standards by the state board of education, and to provide the board shall integrate these topics in such revisions.

SB 16
Passed Senate 2/24/21

Adds §59-29-17 so as to require completion of certain basic personal finance coursework for high school graduation instead of existing economics coursework requirements, to provide high schools may continue to offer such coursework, to provide for the development and content of related standards, to provide the state department of education shall develop related measuring and reporting requirements and shall make related recommendations, and to make these provisions applicable to students entering ninth grade beginning with the 2022-2023 school year; and repeals §59-29-165 relating to required instruction in personal finance.

SB 256

Amends title 59 of the 1976 code, relating to education, by adding chapter 157, to provide that a student athlete may receive compensation for the use of his name, image, or likeness, and to provide for limitations and disclosure requirements; amends chapter 101, title 59 of the 1976 code, relating to colleges and institutions of higher learning generally, by adding articles 9 and 10, to provide that participating institutions in this state shall annually award stipends to a student athlete who participates in an intercollegiate sport and maintains good academic standing during the previous year, to provide conditions for the receipt of stipends, to provide that participating institutions shall create a student athlete trust fund and fund the trust with a percentage of the intercollegiate sport gross revenue, to provide that $5,000 will be deposited into the fund on a student athlete's behalf for each year that he maintains good academic standing, to provide that the total trust fund amount may not exceed $25,000 per student athlete, to provide that a participating institution shall provide a one-time payment to each student athlete after the fulfillment of certain requirements including financial literacy, and to provide conditions for the receipt of a trust fund payment; and to define necessary terms.

SB 405

Adds §59-29-17, to require each high school to offer a one-half credit course of study in personal finance as an elective or mathematics credit beginning with the 2021-2022 school year.

None

HB 307
Substituted 3/15/21
SB 87
Signed by governor 3/29/21, Public Chapter 48

Extends the Tennessee financial literacy commission to June 30, 2027.

HB 232

Relates to the placement on community supervision; includes deferred adjudication community supervision of a defendant who is the primary caretaker of a child. Authorizes a court to 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 financial literacy and others.

HB 437

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

HB 3472
SB 1791

Relates to the investment and use of excess residential mortgage loan originator recovery fund fees in the Texas Financial Education Endowment account as provided by §393.628(c-1); changes a fee.

HB 3575

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

HB 3617
Signed by governor 6/18/21, Chapter 929

The bill amends the Finance Code to remove the authority of the savings and mortgage lending commissioner to set fee amounts under the Residential Mortgage Loan Company Licensing and Registration Act and Mortgage Banker Registration and Residential Mortgage Loan Originator License Act for deposit in the recovery fund established for purposes of those acts. The bill removes the requirement for an applicant for a mortgage company license, credit union subsidiary organization license, or residential mortgage loan company license to maintain a physical office in Texas. The bill removes the authorization for the investment or reinvestment of amounts in the recovery fund in the same manner as funds of the Employees Retirement System of Texas and authorizes those amounts to be invested and reinvested instead in accordance with the Public Funds Investment Act and under the prudent person standard described in the Texas Constitution. The bill also repeals certain provisions regarding the use of the recovery fund to reimburse certain expenses. The provides for the establishment, composition, and management of a mortgage grant fund. The bill provides for disbursements from the fund and for payment of a claim made by a residential mortgage loan applicant for fraudulent unlicensed activity, including financial education.

HR 402

Recognizes April 2021 as Financial Literacy Month.

SB 1063
Signed by governor 6/8/21, Chapter 433

SB 1385
Signed by governor 6/14/21, Chapter 613

The bill amends the Education Code to prohibit a general academic teaching institution or a private or independent institution of higher education from doing the following: adopting or enforcing a regulation that prohibits or otherwise prevents a student athlete in an intercollegiate athletic program from obtaining professional legal representation or earning compensation for the use of the athlete's name, image, or likeness when not engaged in official team activities; disqualifying a student athlete from eligibility for a scholarship, grant, or similar financial assistance because the athlete obtains such representation or earns such compensation; prescribing a team contract that prohibits or prevents a student athlete's commercial use of the athlete's name, image, or likeness when not engaged in official team activities; or providing or soliciting a prospective student athlete with compensation in relation to the athlete's name, image, or likeness. Sets out certain conditions and limitations on a contract entered into by a student athlete for use of the athlete's name, image, or likeness, including a requirement to predisclose the contract to the student's institution. The bill provides for a student athlete's required attendance at a financial literacy and life skills workshop and prohibits certain agency and recruitment transactions between an individual, corporate entity, or organization and a prospective student athlete.

None

HB 106
Signed by governor 6/8/21, Act 67

This act provides funding for the implementation of community school programs that provide students with equitable access to a high-quality education and creates the Task Force on Universal School Lunch.

Includes financial literacy in community school programs.

HB 273

This bill proposes to promote racial and social equity in land access and property ownership by creating grant programs, financial education, and other investments targeted to Vermonters who have historically suffered from discrimination and who have not had equal access to public or private economic benefits due to race, ethnicity, sex, geography, language preference, immigrant or citizen status, sexual orientation, gender identity, socioeconomic status, or disability status.

HB 336

This bill proposes to promote economic opportunity for Black, Indigenous, and Persons of Color (BIPOC)-owned businesses in this state (1) to provide BIPOC-owned businesses with technical assistance, including financial literacy, digital literacy, and marketing; (2) to promote state and federal contract bid opportunities to BIPOC-owned businesses; and (3) to provide training to business technical assistance providers to reduce bias in service delivery.

HB 1905, Special Session
Signed by governor 2/25/21, Chapter 25

Adds to objectives developed and approved by the Board of Education for economics education and financial literacy at the middle and high school levels the implications of various employment arrangements with regard to benefits, protections, and long-term financial sustainability. Employment arrangements is defined in the bill as full-time employment, part-time employment, independent contract work, gig work, piece work, contingent work, day labor work, freelance work, and 1099 work.

None

None

HB 2092

Amends and reenacts §18-2-7c of the Code of West Virginia, 1931, as amended, relating to requiring each high school student to complete a one-half credit course of study in personal finance as a requirement for high school graduation.

HB 2642

Adds a new article, designated §25-8-1, §25-8-2, §25-8-3, §25-8-4, §25-8-5, §25-8-6, §25-8-7, §25-8-8, and §25-8-9; all relating to creation of a task force to provide comprehensive reentry transitional services to offenders reentering communities; providing for a short title; provides for legislative findings; provides for membership of the task force; provides for no compensation to members; provides for staffing requirements; provides for duties of the task force; provides for funding; creates a fund; provides for the disposition of fund moneys; establishes requirements to apply for federal grant funding; requires a strategic plan for funding; provides for standard reentry services; provides for family-based substance abuse services; provides for educational services including personal finance; provides for drug treatment and mentoring services; provides for responsible reintegration services; provides for elderly and family reunification services; provides for children of incarcerated parents services; and provides for reports to the legislature.

HB 3305

Amends and reenacts §18-2-7c and §18-2-9 of the Code of West Virginia, 1931, as amended; and further amends said Code by adding thereto a new section designated §18-2-8c, all relating to required courses of instruction; requires one credit course in personal finance; requires all public schools to teach cursive writing in grades three through five; imposes additional requirements for the courses required for all public, private, parochial, and denominational schools in the history of the United States, civics, the Constitution of the United States, and the government of West Virginia; requires state board to consult with certain other entities in prescribing such courses of study; requires the state board to include basic course requirements for middle school and high school and academic standards when prescribing such courses of study; requires state board to publish approved list of instructional resources; requires the state board to provide testing or assessment instruments for the history and civics courses of instruction; requires passing assessment score for credit; expands the amendments to the Constitution of the United States to be emphasized as a part of the instruction during Celebrate Freedom Week; and requires public middle and high schools to give instruction on Holocaust and other genocides.

None

None