Source: http://www.ncsl.org/research/financial-services-and-commerce/financial-literacy-2013-legislation/default.aspx
Timestamp: 2014-03-09 14:47:40
Document Index: 725488904

Matched Legal Cases: ['§13', '§5', '§5', '§26', '§37', '§27', '§37', '§27', '§27', '§37', '§27', '§28']

Financial Literacy 2013 Legislation
Back Financial Literacy 2013 Legislation
The financial world that consumers must navigate has changed significantly and grown more complex, increasing the need for financial literacy and raising questions regarding consumers’ financial capability. Financial literacy focuses on the specific knowledge and concepts consumers need to manage their money and build wealth, depending on an individual’s situation. It may mean learning how to create and manage a household budget, learning how to invest money for retirement, or participating in one-on-one coaching and counseling to determine how to buy a house or start a business. It also can be part of an overall strategy to increase economic security for lower-income families. Financial literacy is one factor in the larger analysis of the financial capability of consumers, which is the broader picture of how consumers manage their resources and how they use their financial literacy to make financial decisions.
The chart below lists state legislation introduced or pending during the 2013 legislative session relating to financial literacy or financial education.
To date, bills in 33 states and Puerto Rico are pending in the 2013 legislative session. Eighteen states have enacted legislation or adopted resolutions regarding financial literacy. Highlighted some of the 2013 enactments, Arizona added personal finance to the list of topics that the state Board of Education must prescribe competency requirements for the graduation of pupils from high school. California required the state board of education to integrate financial literacy, including, but not limited to, budgeting and managing credit, student loans, consumer debt, and identity theft security with the existing curriculum. Florida revised requirements for high school graduation to include financial literacy and a rigorous industry certification program of study. Kentucky adopted a resolution encouraging the Kentucky Board of Education to require financial literacy courses in every school. Maine enacted a bill making changes to the Maine College Savings Program, also known as NextGen or the NextGen College Investing Plan, by adding financial education to the list of permissible program fund uses. Michigan adopted resolutions declaring April as Financial Literacy Month. Utah enacted a bill requiring the state Board of Education to establish a task force to study and make recommendations to the board on how to improve financial and economic literacy education in the public school system and requiring the task force to study certain issues relating to financial and economic literacy education. The law also requires the state Board of Education to report to the Education Interim Committee.
AZ | AR | CA | CO | CT | DE | FL | HI | IL | IN | IA | KS | KY | LA | ME | MD | MA | MI | MN | MS | MO | MT | NJ | NM | NY | ND | OR | PA | PR | TN | TX | UT | WA | WV
STATES BILL SUMMARY
Arizona S.B. 1449
Signed by governor 6/20/13, Chapter 252
Adds personal finance to the list of topics that the state Board of Education must prescribe competency requirements for the graduation of pupils from high school. This section does not allow the state Board of Education to establish a required separate personal finance course for the purpose of the graduation of pupils from high school. A school district governing board or charter school may prescribe a separate personal finance course for the graduation of pupils from high school that is in addition to or higher than the course of study and competency requirements that the state board prescribes.
Arkansas H.B. 1927
Withdrawn 4/17/13
Advancing the understanding of personal financial management among public school students; requires a course in personal finance as a requirement of graduation from high school.	H.B. 2265
Promotes economic literacy and personal finance education in Arkansas public schools.
California A.B. 166
Signed by governor 8/26/13, Chapter 135
Existing law requires the State Board of Education, after January 1, 2003, and concurrently with, but not prior to, the next revision of textbooks or curriculum frameworks in the social sciences, health, and mathematics curricula, to ensure that these academic areas integrate components of human growth, human development, and human contribution to society, across the life course, and also financial preparedness. This bill requires the state board to integrate financial literacy, including, but not limited to, budgeting and managing credit, student loans, consumer debt, and identity theft security with those specified academic areas. The bill also makes conforming and nonsubstantive changes.A.B. 391
This bill enacts the Common Cents Curriculum Act of 2013 and requires that when the history-social science framework is revised as required by law, the Instructional Quality Commission, as appropriate and based on the subject matter of the course, to encourage instruction related to the understanding of personal finances, including, but not limited to, budgeting, savings, credit and loans, identity theft, and paying for postsecondary education. The bill requires the commission to identify resources and curriculum to assist educators in delivering this instruction. The bill required, no later than July 1, 2015, the superintendent of Public Instruction with the approval of the State Department of Education to plan and develop a one-semester instructional program entitled consumer economics that includes, among other things, budgeting, savings and checking, uses and costs of loans, including student loans, identity theft and security, and planning and paying for postsecondary education.	S.B. 174
Existing law establishes a system of public elementary and secondary schools in this state, and provides for their funding through, among other types of funding, the apportionment of state funds to local educational agencies in accordance with prescribed criteria. Existing law authorizes school districts and county superintendents of schools to provide specified adult education classes and courses that qualify for the apportionment of state funds from the Adult Education Fund. This bill recasts and revises the list of classes and courses that qualify for this funding, including financial literacy courses, and specifies that this funding could be claimed by high school districts, unified school districts, and county offices of education. The bill includes courses of preparation for the California High School Exit Examination and the General Education Development (GED) test among the courses qualifying for the apportionment of state funds. The bill authorizes the charging of a fee for adult educations courses when apportionment of state funds does not cover the cost of providing the course. The bill prohibits the apportionment of state funds for adult education courses unless they are approved by the governing board of the local educational agency and receive annual approval from the state Department of Education.S.C.R. 15
Adopted 5/2/13, Resolution Chapter 28
This measure declares April 2013 as Financial Aid and Literacy Month to raise public awareness about the need for increased financial literacy.	Colorado H.B. 1230
Signed by governor 6/5/13, Chapter 409
Concerns compensation for persons who are exonerated of their crimes after a period of incarceration. Provides that after the state controller issues an initial annual payment to an exonerated person, the exonerated person must complete a personal financial management instruction course before the state controller may issue to the person another annual payment..
Connecticut S.B. 249
Failed Joint Favorable deadline 4/3/13
Includes a course on the basics of home mortgage lending and personal debt as part of the public school curriculum.
Delaware H.B. 163
Signed by governor 9/18/13, Chapter 185
This bill requires the Department of Services for Children, Youth and Their Families to create and maintain a developmentally appropriate, comprehensive program that fully integrates independent living services from ages 14 to 21 and which will assist youth with their successful transition into adulthood. Requires the Department to establish policies for eligibility for direct youth stipends that shall require youth accountability, financial literacy, and attainment of self-sufficiency benchmarks.
Florida S.B. 224
Passed Senate 3/27/13
Relates to the Florida Small Business Development Center Network. It requires the statewide director and the network to operate the program in compliance with federal laws and regulations and a Board of Governors regulation. It requires businesses that receive support services to participate in certain assessments. The support services developed by the statewide director must include, but need not be limited to, providing information or research, consulting, educating, or assisting businesses including the following activities: Developing the financial literacy of existing businesses related to their business cash flow and financial management plans. Such activities include conducting financial analysis health checks, assessing cost control management techniques, and building financial management strategies and solutions.
S.B. 1076
Signed by governor 4/22/13, Chapter 27
Revises requirements for high school graduation to include financial literacy and a rigorous industry certification program of study. Revises requirements for accelerated high school graduation to include financial literacy and a rigorous industry certification program of study.
Hawaii H.B. 385
In conference committee 4/16/13	Establishes a refundable state Earned Income Tax Credit. Requires the Department of Human Services to offer financial education to applicants for and recipients of Temporary Assistance for Needy Families. Appropriates funds.
H.C.R. 209
H.R. 165
Requests the Department of Education to add a mandatory course in economic and financial management literacy to the existing public high school curriculum.
Directs the Department of Education to add a mandatory economic and financial management literacy course to the public high school curriculum.
Illinois H.B. 2795
Amends the Payday Loan Reform Act. Imposes a surcharge upon each lender in an amount equal to $1 for each payday loan made by that lender. Provides that the money collected from the surcharge be deposited into the Small Loan Community Reinvestment Fund, less 2 percent of those proceeds, which shall be paid into the Tax Compliance and Administration Fund. Amends the State Finance Act to create the Small Loan Community Reinvestment Fund. Provides that money in the fund shall be used by the Department of Commerce and Economic Opportunity to make grants to not-for-profit organizations dedicated to educational tutoring and development, financial literacy, early childhood development, youth mentoring, and senior services.
S.R. 243
Creates the Financial Literacy Task Force.
Indiana H.B. 1166
Provides that personal financial responsibility instruction statutes apply to performance-qualified school districts.
Signed by governor 5/8/13, Public Law 201
Passed Senate 2/21/13
Requires financial literacy instruction in grade 6 through grade 12 in public schools, not including charter schools. Establishes a task force to develop guidelines and model curricula for financial literacy instruction. Establishes a state resource program for financial literacy. Establishes the financial literacy grant fund to assist schools in implementing financial literacy instruction.
Signed by governor 4/30/13, Public Law 132
Permits the Indiana Secondary Market for Education Loans, Inc. (corporation) to become a direct lender of postsecondary education loans for purposes of attending both Indiana and non-Indiana postsecondary education institutions. The corporation may provide financial literacy and educational tools to students, their families, and Indiana colleges and universities with respect to responsibly financing the costs of higher educationn.
Iowa H.F. 148
Adds one-half unit of personal finance literacy to the educational program standards established for school districts and accredited nonpublic schools and makes an appropriation.
Creates a task force to provide a statewide assessment of veterans’ and military service members’ needs. The task force shall develop a statewide evaluation system to assess the needs of veterans and service members. Items for consideration by the task force shall include but not be limited to the following: a. Access to benefits. b. Employment. c. Education. d. Housing and homelessness. e. Financial literacy and poverty. f. Health, mental health, and other health-related systems. g. Family needs. h. Substance abuse. i. Infrastructure for the provision of services to veterans and members.
Kansas H.B. 2282
The bill establishes the Personal Financial Literacy Incentive Program for the purpose of rewarding teachers who have incorporated instruction concerning personal financial literacy into an existing mathematics curriculum or another appropriate subject-matter curriculum. These teachers would be paid an incentive bonus in an amount to be determined by the secretary of Commerce. The bonus payments would be subject to appropriations. The bill outlines eligibility requirements and directs the secretary of Commerce to establish standards, additional criteria and the rules and regulations necessary to implement and carry out these provisions.
To House for concurrence 6/1/13
Makes technical amendment to provision that requires the state Board of Education to develop statewide standards for personal financial literacy.
Kentucky H.B. 331
Passed House 2/26/13
Creates a new section of KRS Chapter 164 to require public postsecondary education institutions to provide entering students with educational materials related to the responsible use of credit cards and management of personal debt; encourages independent postsecondary education institutions to do same. It requires the Council on Postsecondary Education to assist institutions in identifying appropriate curricula and materials suitable to fulfill this Act.
Adopted 3/6/13
Encourages the Kentucky Board of Education to require financial literacy courses in every school.
Louisiana H.B. 572
Signed by governor 6/17/13, Act 322	Establishes the Fatherhood First Initiative; includes in the objectives of the program to promote public education and increase public awareness of resources for the following areas: (a) Substance abuse and addiction. (b) Anger management and conflict resolution. (c) Fiscal awareness and financial literacy. (d) Parenting skills, child development, and family studies. The secretary of the Department of Children and Family Services, in consultation with the executive director of the Louisiana Workforce Commission, shall establish a research and demonstration program that specifically evaluates the effectiveness and outcomes of services provided to fathers. The evaluation shall measure the effectiveness and outcomes of services including fiscal awareness and financial literacy.
Maine L.D. 113
Became law without governor’s signature 3/20/13, Chapter 4
This bill makes changes to the Maine College Savings Program, also known as NextGen or the NextGen College Investing Plan, by adding financial education to the list of permissible program fund uses.
L.D. 351
Became law without governor’s signature 4/16/13, Public Chapter 34
Prior to obtaining a student loan insured by the Finance Authority of Maine, an applicant must satisfy financial education requirements established or approved by the authority.
L.D. 843 Signed by governor 6/12/13, Public Chapter 244
Adds course work in personal finance as part of the required subject of social studies and history that must be provided to all high school students as part of the state requirements for awarding a high school diploma. The amendment also requires the commissioner of Education to review the content standards and performance indicators for the content area of social studies, including student achievement of proficiency in personal finance, during the 2015-2016 school year as part of the commissioner's five-year review cycle of the content standards and performance indicators required under the system of learning results.
L.D. 1055
This bill expands the financial literacy program operated by the commissioner of Education, in consultation with the Finance Authority of Maine, the Office of Securities within the Department of Professional and Financial Regulation, Jobs for Maine's Graduates, organizations representing banks, credit unions and financial professionals and other interested organizations promoting personal finance initiatives, to require the development and maintenance of a publicly accessible website that serves as a portal to program information on financial literacy resources and services statewide.
Maryland H.B. 843
Requires the state Board of Education to develop curriculum content for a course in financial literacy; requires each county board of education to implement the financial literacy curriculum content developed by the state board in every high school in the county; and requires students to complete a course in financial literacy in order to graduate from high school.
Signed by governor 5/16/13, Chapter 664
Authorizes the Prince George's County Board of Education to develop curriculum content for a course in financial literacy to be offered to all students in the eighth grade; requires specified curriculum content to include specified instruction; authorizes the county board to implement specified curriculum content in middle schools in Prince George's County beginning in the 2013-2014 school year.
Massachusetts H.B. 85
Requires the department, in consultation with the area boards created in §13 of chapter 18B and the statewide advisory council created in section 16 of chapter 18B, to create an age appropriate, culturally appropriate, life-skills curriculum for children in the foster care system. Said curriculum shall begin for children age 11 and continue through age 18 and shall include, but is not 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 application; and managing bills. Said curriculum shall be approved by the secretary of health and human services and the child advocate and shall include a timeframe for implementation and cost analysis of implementation within three years of approval of this act.
Relates to the Department of Transitional Assistance. Subject to appropriation, the department shall promulgate rules and regulations to increase the education of benefit recipients and retail vendors regarding: statutory requirements relative to online payments for EBT cash recipients under §5I and §5J of this chapter; personal financial management, banking, and budgeting; and the online payment system outlined in §26A of this chapter. The department shall implement an online payment system accessible by computer or mobile device for cash assistance recipients to manage benefits and pay rent and utility bills by direct payment to a landlord or utility company by regularly deducting the amount of the rent or utility bill from the amount of the benefits otherwise payable to the recipient. The system shall, at minimum, allow recipients to track personal expenditures of cash assistance benefits, to view the balance of benefits received, and to orchestrate the direct regular payment of recipient rent and utility bills by the department. The department shall also consider including in the online payment system educational tools and suggestions regarding personal financial management, banking, and budgeting.
H.B. 367
Includes personal financial literacy in the math curriculum for all school grade levels.
Provides for the implementation of personal financial literacy curriculum in schools.
Establishes a personal finance, civic responsibility and general legal high school social studies curriculum.
Relates to financial literacy in schools.
S.B. 1337
Michigan H.R. 47
Adopted 3/5/13
Declares April 2013 as Youth Financial Literacy Month in the state of Michigan.
Declares April 2013 as Financial Literacy Month in the state of Michigan.
Declares April 2013 as Junior Achievement Financial Literacy Month in the state of Michigan.
Requires half credit of financial literacy as part of the math credit required for Michigan merit curriculum.
Adopted 4/9/13
Designates April 2013 as Michigan Financial Literacy Month.
Minnesota H.F. 15
Establishes grant program for collaborative activities to reduce unemployment among minority populations. The program goals include providing additional support and coordination for individual skills development in areas that affect financial well-being to include, but not be limited to, financial literacy, English as a second language education, technical and technology training and health education.
H.F. 620
Appropriates $500,000 for the biennium beginning July 1, 2013, from the workforce development fund to the commissioner of employment and economic development for a grant to the African Development Center for job and entrepreneur training and financial literacy programs in Minneapolis, St. Cloud, Willmar, Mankato and Rochester.
H.F. 1500
Requires the Board of Trustees of the Minnesota State Colleges and Universities to operate at least one pilot program at a college and one at a university that provides a high level of course advising and guidance, personal financial counseling and job placement for students who are at risk of not completing their studies.
H.F. 1603
Creates the Housing Opportunity Made Equitable (HOME) pilot project; appropriates $1 million must be used to assist families to attain sustainable affordable homeownership and rental units. Assistance may include long-term financial education, training, case management, credit mending, homebuyer education, foreclosure prevention mitigation services, jobs and employment readiness training resources, and supporting wraparound services.
Mississippi H.B. 12
Amends §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.
Enacts the Family Savings Initiative Act. It provides for the establishment of individual development accounts designed to provide individuals and families with limited means an opportunity to accumulate assets, facilitate and mobilize savings, promote home ownership, microenterprise development, and education, and stabilize families and build communities. It provides that the Department of Human Services shall enter into contracts with fiduciary organizations to carry out the provisions of this act and authorizes state residents to open an individual development account upon approval of a fiduciary organization. It also provides the fiduciary organization shall approve the application only if certain criteria are met; specifies the qualified purposes for which individual development accounts may be used; authorizes the contribution of matching funds to fiduciary organizations for individual development accounts; and requires fiduciary organizations to submit quarterly reports to the Department of Human Services. It also creates a special fund in the state treasury to consist of transitional employment assistance funds, which shall be used for the purposes of this act and amends §27-7-15 to exempt from gross income for state income tax purposes interest and dividends earned on individual development accounts and matching funds deposited into those accounts.
Passed House 2/13/13
Requires the state Board of Education to implement a financial literacy curriculum for public schools on or before the 2014-2015 academic school year. It provides the course in financial literacy shall account for a one-half carnegie unit; requires successful passage of the course as a graduation requirement; establishes the "Financial Literacy Trust Fund" as a special fund in the state treasury; and provides for the funds administration; amends §37-7-301 in conformity to the preceding provisions.
Creates the Family Savings Initiative Act. It authorize the creation of individual development accounts for low-income individuals that may be used by the account holder for certain purposes; authorizes the Department of Human Services to contract with fiduciary organizations to serve as intermediaries between an individual development account holder and a financial institution holding account funds; provides that the gross household income of individual retirement account holders may not exceed 200 percent of the poverty level and the account holder's net worth may not exceed $10,000. Italso requires individuals opening an individual development account to enter into an agreement with a fiduciary organization and provides that the fiduciary organization shall provide matching funds for the amount contributed to the individual development account by the individual development account holder. It limits the amount of matching funds that may be provided for an individual development account; provides the purposes for which individual development accounts may be utilized; provides civil penalties for the withdrawal of individual development account funds for purposes other than those authorized under this act; and requires fiduciary organizations to make quarterly reports to the Department of Human Services containing certain information/ It provides that funds deposited in an individual development account shall not be counted as income, assets or resources of the individual in determining financial eligibility for assistance or services pursuant to any federal, federally assisted, state or municipal program based on need; authorizes a credit against state income tax liability for taxpayers who contribute matching funds to a fiduciary organization; and limits the amount of the credit; amends §27-7-15 to exclude from gross income interest or dividend earned on an individual development account.
Authorizes school boards to implement a financial literacy curriculum for students in high school.
S.B. 2027
Creates the Family Savings Initiative Act. It 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 an individual development account holder and a financial institution holding account funds; and provides that the gross household income of individual retirement account holders may not exceed 200 percent of the poverty level and the account holder's net worth may not exceed $10,000. It also requires individuals opening an individual development account to enter into an agreement with a fiduciary organization; provides that the fiduciary organization shall provide matching funds for the amount contributed to the individual development account by the individual development account holder; limits the amount of matching funds that may be provided for an individual development account; and provides the purposes for which individual development accounts may be utilized. It also provides civil penalties for the withdrawal of individual development account funds for purposes other than those authorized under this act; requires fiduciary organizations to make quarterly reports to the Department of Human Services containing certain information; and provides that funds deposited in an individual development account shall not be counted as income, assets or resources of the individual in determining financial eligibility for assistance or services pursuant to any federal, federally assisted, state or municipal program based on need. It authorizes a credit against state income tax liability for taxpayers who contribute matching funds to a fiduciary organization and limits the amount of such credit; amends §27-7-15 to exclude from gross income interest or dividend earned on an individual development account.
S.B. 2713
Requires the state Board of Education to implement a financial literacy curriculum for public schools on or before the 2014-2015 academic school year; provides that the course in financial literacy shall account for a one-half carnegie unit; requires successful passage of the course as a graduation requirement; establishes the "Financial Literacy Trust Fund" as a special fund in the state treasury; provides for the funds administration; amends §37-7-301 in conformity to the preceding provisions.
S.B. 2741
Creates the Family Empowerment Initiative. It 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; and provides that the gross household income of individual retirement account holders may not exceed 200 percent of the poverty level and the account holder's net worth may not exceed $10,000. It also requires individuals opening an individual development account to enter into an agreement with a fiduciary organization; provides that the fiduciary organization shall provide matching funds for amount contributed to the individual development account by the individual development account holder; limits the amount of matching funds that may be provided for an individual development account; and provides the purposes for which individual development accounts may be utilized. It provides civil penalties for the withdrawal of individual development account funds for purposes other than those authorized under this act; requires fiduciary organizations to make quarterly reports to the Department of Human Services containing certain information; and provides that funds deposited in an individual development account, shall not be counted as income, assets or resources of the individual in determining financial eligibility for assistance or services pursuant to any federal, federally assisted, state or municipal program based on need. It also authorizes a credit against state income tax liability for taxpayers who contribute matching funds to a fiduciary organization; limits the amount of such credit and amends §27-7-15 to exclude from gross income interest or dividend earned on an individual development account.
Missouri H.B. 292
Beginning with school year 2016-2017, public high school students must successfully complete a transitional skills class to graduate from high school. Transitional skills focus on preparation for independent adult life after high school, building on the principles covered in the required personal finance course.
Montana H.J.R. 14
Adopted 4/9/13	Urges the Board of Public Education to include the successful completion of a financial literacy course as a requirement for graduation.
New Jersey A.B. 739
Establishes pilot program in Department of Education to provide instruction in personal finance to elementary school students.
A.B. 1746
Mandates education program for “at risk” mortgage borrowers as condition for residential purchase or refinance.
New Mexico S.B. 50
Appropriates $500,000 from the general fund to the Department of Finance and Administration for expenditure by the New Mexico Mortgage Finance Authority in fiscal years 2014 and 2015 to assist people who become homeless because of a life crisis such as a job loss, illness or domestic violence. The assistance may include short-term rent subsidies, financial assistance with utilities, basic case management services, financial literacy education and life-skills classes as well as one-on-one assistance.
New York A.B. 1113
S.B. 3999
Enacts the "Short-Term Financial Services Loan Act." It authorizes licensed cashers of checks to provide short-term loans under certain circumstances. Creates a financial education fund in the state treasury, which shall be funded by licensed check cashers offering financial services loans.
A.B. 1505
A.B. 2770
S.B. 1229
Establishes the home ownership assistance program. It allows qualified individuals to receive home ownership assistance payments when they purchase an eligible hom and; defines who is eligible for such assistance payments and how much those assistance payments will be.
A.B. 3533
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.
A.B. 4142
S.B. 3040
Provides that juniors and seniors at secondary schools must take a financial literacy and personal finances course.	A.B. 5112
Establishes the office of re-entry coordination for the wrongfully convicted and the re-entry for the wrongfully convicted program to provide 1) referral services for physical and mental health; transportation and housing; financial, investment, and debt management; education and employment; and other assistance for re-integration into society; 2) compensation of housing and transportation for one year; 3) enrollment into state employee health benefits; 4) compensation for physical and mental health service not covered by insurance; and 5) compensation for certain attorney fees. A.B. 6837
Provides for financial education courses for people who have a certain credit score. A.B. 7763
S.B. 5249
Requires participants in public assistance employment programs to complete a course of instruction in financial literacy and personal finance; authorizes local social services districts to cooperate with the Department of Labor in providing workforce guidance and information. A.B. 8219
Enacts the Student Athlete Bill of Rights. Includes a requirement that each athletic program shall conduct a financial and life skills workshop for all of its first-year and third-year student athletes at the beginning of the academic year. This workshop shall include, but not be limited to, information concerning financial aid, debt management, and a recommended budget for full- and partial-scholarship student athletes living on or off campus during the academic year and the summer term 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 academic resources available on campus.
S.B. 1630
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.
S.B. 2495
Relates to banking development districts. It requires renewal of certain branches within banking development districts. To meet the demonstrated need for banking services in a banking development district, any bank, trust company or national bank that has established a branch within a banking development district shall offer affordable products and services, including financial education services, tailored to the banking needs of the community in which the branch is located.
North Dakota H.B. 1217
Passed House 1/30/13
Relates to instruction in personal finance at the middle school level.
Oregon H.B. 3111
Directs the state treasurer to promote childhood financial literacy education.
Signed by governor 6/26/13, Chapter 515
Requires the Department of Human Services (DHS) to establish the Oregon Foster Children’s Bill of Rights. Requires DHS must ensure that each foster child has certain essential rights including (1) the ability to complain about unsatisfactory or inappropriate care and placement services without fear of retaliation; (2) transportation to court and citizen review board hearings; and age-appropriate, up-to-date written information regarding how and to whom the foster child may contact with complaints. Requires DHS to establish a hotline for foster children to make complaints regarding their care, safety, and well-being. Requires the agency to provide a transition toolkit to children 14 years or older.
Pennsylvania H.B. 1739
Provides for economic education and personal financial literacy programs.
Provides for a capstone course in personal finance as graduation requirement. H.R. 144
Adopted 4/8/13
Recognizes the month of April 2013 as "Financial Literacy Month" in Pennsylvania.	S.R. 92
Adopted 4/16/13
Recognizes the month of April 2013 as "Financial Literacy Month" in Pennsylvania.
Amends Law 149 of 1999, known as the Department of Education Act; provides that the secretary includes an upper level grade curriculum requirement of financial education courses with respect to academic offerings or integrated academic programs. H.B. 769
Amends Law 149 of 1999, known as the Organic Law of the Department of Education; establishes a personal finance course as a requirement for higher education at the Department of Education. H.B. 819
Establishes Law 149 of 1999, known as the Constitutional Law for the Department of Education for the purpose of including a program for higher education students aimed at training in the planning and management of an individual and family budget. S.B. 69
Tennessee H.B. 1042
Substituted 4/11/13
Signed by governor 4/15/13, Public Chapter 273
Clarifies that financial literacy commission's annual report to the General Assembly must contain the commission's fundraising activities, educational seminars, promotional events, contract obligations, and partnering opportunities performed in the prior year.
Texas H.B. 1634
S.B. 1589
Signed by governor 5/24/13, Chapter 168	Relates to assistance and education regarding personal finance for certain children in foster care.
Signed by governor 6/10/13, Chapter 214
Provides that not later than September 1, 2014, the State Board of Education shall ensure that at least six advanced career and technology education or technology applications courses, including a course in personal financial literacy that is consistent with §28.0021, are approved to satisfy a fourth credit in mathematics required for high school graduation.
Signed by governor 6/14/13
Designates April as Texas Personal Financial Literacy Month for a 10-year period beginning in 2013.
S.B. 1590 Signed by governor 6/14/13, Chapter 1221
Relates to requirements for personal financial literacy training offered by public school districts and public universities. S.R. 613
Recognizes April of 2013 as Financial Literacy Month in Texas.
Utah S.B. 43
Signed by governor 3/27/13
This bill modifies provisions relating to financial and economic literacy education. This bill requires: the state Board of Education to establish a task force to study and make recommendations to the board on how to improve financial and economic literacy education in the public school system, the task force to study certain issues relating to financial and economic literacy education, and the state Board of Education to report to the Education Interim Committee.
Washington H.B. 1173
Passed House 3/4/13
S.B. 5483
Adds the state treasurer or state treasurer's designee as a member to the Financial Education Public-Private Partnership. Provides that the travel expenses of teachers who are members of the Partnership be paid for official meetings and that school districts must allow them to attend official meetings.It modifies the duties of the partnership and requires the Office of the Superintendent of Public Instruction to make financial education curriculum available to school districts, and school districts to provide courses with this curriculum.
West Virginia H.B. 2603
Signed by governor 5/1/13, Chapter 81
Provides that the definition of “advocacy” means assisting victims and survivors of domestic violence, dating violence, sexual assault, stalking or human trafficking, and their children, in securing rights, remedies and services, by directly providing for, or referring to public and private agencies to provide for, safety planning; shelter; housing; legal services; outreach; counseling; case management; information and referral; training; employment; child care; health care; transportation; financial literacy education, financial planning and related economic empowerment services; parenting and other educational services; and other support services.
Defines "advocacy" as assisting victims and survivors of domestic violence, dating violence, sexual assault, stalking or human trafficking, and their children, in securing rights, remedies and services, by directly providing for, or referring to public and private agencies to provide for, safety planning, shelter, housing, legal services, outreach, counseling, case management, information and referral, training, employment, child care, health care, transportation, financial literacy education, financial planning and related economic empowerment services, parenting and other educational services, and other support services.
Go 26036