PRIOR PRINTER'S NO. 625

PRINTER'S NO. 690

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,

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

education and personal financial literacy to educators and

public and private schools and organizations. The department

shall review and update its existing resource information as

necessary no later than the beginning of the 2024-2025 school

year. 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

[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 2024-2025 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 , within five (5)

known as the "Regulatory Review Act." TO IMPLEMENT THE

PROVISIONS OF THIS SUBARTICLE.

(3) Identify and recognize Commonwealth schools that

implement exemplary economic and economic education and personal

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

organizations.

(b.1) (1) Beginning with the 2025-2026 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

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

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

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.

"Public Employe Relations Act."

* * *

(f) The following words and phrases when used in this

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

"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

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

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

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.