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PRIOR PRINTER'S NOS. 625, 690
PRINTER'S NO. 729
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
647
Session of
2023
INTRODUCED BY GEBHARD, BARTOLOTTA, J. WARD, LAUGHLIN, VOGEL,
AUMENT, REGAN, ARGALL, ROBINSON, DiSANTO, FLYNN, BOSCOLA,
COLEMAN, PENNYCUICK, MILLER, A. WILLIAMS, K. WARD, MASTRIANO,
DILLON, ROTHMAN, BROOKS AND HAYWOOD, APRIL 21, 2023
AS AMENDED ON THIRD CONSIDERATION, MAY 8, 2023
AN ACT
Amending the act of March 10, 1949 (P.L.30, No.14), entitled "An
act relating to the public school system, including certain
provisions applicable as well to private and parochial
schools; amending, revising, consolidating and changing the
laws relating thereto," in terms and courses of study,
further providing for Economic Education and Personal
Financial Literacy Programs; in credit card marketing,
further providing for regulation of on-campus credit card
marketing; and abrogating regulations.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1551(a), (b) and (f) of the act of March
10, 1949 (P.L.30, No.14), known as the Public School Code of
1949, are amended and the section is amended by adding a
subsection to read:
Section 1551. Economic Education and Personal Financial
Literacy Programs.--(a) The department shall have the power and
its duty shall be to:
(1) Provide resource information on economics, economic
education and personal financial literacy to educators and
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public and private schools and organizations. The department
shall review and update its existing resource information
following completion of the review of the State standards under
the State Board of Education's standards under paragraph (2)
(ii).
(2) Provide for the distribution, including through the
department's Internet website, to school entities [or] and
private, nonpublic, elementary or secondary schools in this
Commonwealth, [teacher] of model curriculum materials and other
available resources, including economic education partnership
programs, on economic education and personal financial literacy,
including the basic principle involved with earning, spending,
saving and investing money. The model curriculum materials shall
align with and complement existing State standards for
[Economics, Family and Consumer Science, and Career Education
and Work] personal financial literacy as set forth in 22 Pa.
Code Ch. 4 (relating to academic standards and assessment). The
following shall apply:
(i) The department shall review and update its existing
model curriculum materials and other available resources as
necessary no later than the beginning of the 2025-2026 school
year and within one year after any revision of the State
standards under subparagraph (ii).
(ii) The State Board of Education shall review the existing
State standards for Economics, Family and Consumer Science, and
Career Education and Work as set forth in 22 Pa. Code Ch. 4 and
revise the standards as necessary to implement the provisions of
this subarticle.
(3) Identify and recognize Commonwealth schools that
implement exemplary economic and economic education and personal
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financial literacy curricula at each benchmark as set forth in
existing State standards for Economics, Family and Consumer
Science, and Career Education and Work as set forth in 22 Pa.
Code Ch. 4.
(4) Maintain an inventory of model curriculum economic
education and personal financial literacy materials, programs
and resources available in Commonwealth agencies.
(b) In distributing model curriculum materials and resources
for use in schools, the department shall consider those
currently available through international, national, Statewide
and local economic, banking trade and personal finance education
organizations.
(b.1) (1) Beginning with the 2026-2027 school year and in
each school year thereafter, a school entity or nonpublic school
shall provide a mandatory course in personal financial literacy
with a value of at least one-half credit or half of a full
credit. Students shall be required to complete the course once
during grade nine, ten, eleven or twelve.
(2) Nothing in this subsection shall be construed to
circumvent the provisions of 20 U.S.C. Ch. 33 (relating to
education of individuals with disabilities). A student's
individualized education program may provide for accommodations
to enable the student to complete the course required under
paragraph (1).
(3) The department shall develop or identify a model
curriculum and a list of education materials which a school
entity or nonpublic school may use in providing the course
required under paragraph (1). The department shall consult with
multiple organizations specializing in financial literacy
education in developing the model curriculum and educational
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materials. The department may update existing model curriculum
materials if necessary and other available resources under
subsection (a) as necessary to comply with this paragraph and
shall update the existing model curriculum materials and other
available resources within one year of the date of revision of
the State standards under subsection (a)(2) (ii) .
(4) The department shall clarify which certifications are
necessary to qualify an educator to provide instruction of the
course required under paragraph (1), which shall include, at a
minimum, family and consumer science, business, computer and
information technology, mathematics and social studies. The
department shall revise its certification and staffing policy
guidelines as necessary to reflect the qualifications specified
under this paragraph.
(5) An educator who is assigned to provide instruction of
the course required under paragraph (1) may not:
(i) lose a planning period as a result of the assignment,
except in accordance with a collective bargaining agreement
between a school entity and an employe organization; or
(ii) bear any costs related to earning an add-on
certification necessary to provide the instruction.
(6) Nothing in this subsection shall supersede or preempt
any provision of a collective bargaining agreement in effect
before, on or after the effective date of this paragraph between
a school entity and an exclusive representative of the employes
under the act of July 23, 1970 (P.L.563, No.195), known as the
"Public Employe Relations Act." BETWEEN A SCHOOL ENTITY AND AN
EMPLOYE ORGANIZATION.
* * *
(f) The following words and phrases when used in this
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section shall have the meanings given to them in this
subsection:
"Department." The Department of Education of the
Commonwealth.
"Educator." As defined in section 1.2 of the act of December
12, 1973 (P.L.397, No.141), known as the "Educator Discipline
Act."
"Nonpublic school." A nonprofit school, other than a public
school, where a resident of this Commonwealth may legally
fulfill the compulsory school attendance requirements of this
act and which meet the requirements of 42 U.S.C. Ch. 21 Subch. V
(relating to federally assisted programs).
"Personal financial literacy." The integration of various
factors relating to personal financial management, including
understanding financial institutions, using money, learning to
manage personal assets and liabilities, creating budgets and any
other factors that may assist an individual in this Commonwealth
to be financially responsible.
"Planning period." A period of time during a school day
which an educator may use for professional duties, including
instructional preparation and planning, communications with
parents and legal guardians of students and evaluating student
work.
"School entity." A [public] school district, charter school,
cyber charter school, regional charter school, intermediate unit
or area career and technical school.
"Secretary." The Secretary of Education of the Commonwealth.
Section 2. Section 2302-A introductory paragraph and (5) of
the act are amended to read:
Section 2302-A. Regulation of On-Campus Credit Card
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Marketing.--The board shall require an institution of higher
education to establish a policy that regulates the marketing of
credit cards on campus. The policy may prohibit any marketing of
credit cards on the campus. In establishing the policy, the
institution of higher education shall, for students entering in
the 2024-2025 school year, incorporate into orientation
programming presentations on credit card debt education and
money management skills for students. The institution of higher
education shall also consider all of the following:
* * *
[(5) Incorporating into orientation programming a credit
card debt education presentation.]
Section 3. The provisions of 22 Pa. Code are abrogated
insofar as they are inconsistent with the amendment of section
1551 of the act.
Section 4. This act shall take effect July 1, 2023, or
immediately, whichever is later.
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