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House of Representatives
Session of 2019 - 2020 Regular Session


Posted: January 2, 2019 04:06 PM
From: Representative Rosemary M. Brown
To: All House members
Subject: Graduation Credit for Courses in Financial Literacy (Previously HB 429, Session 2017)
I will be reintroducing legislation that will require public schools to allow students to apply credits earned through courses in personal financial literacy to satisfy graduation credit requirements.

Now more than ever, it is critical that individuals save money, make sound financial decisions, grow their assets and develop a secure financial future for themselves and their children. However, many families are financially insecure, with little or no savings to cover emergency expenses or plan for the future. In order to help young people acquire the everyday critical knowledge necessary to make wise financial choices as adults, I believe high school courses in personal financial literacy should be encouraged.

Specifically, my legislation will require public schools to allow students, in grades 9-12, to apply up to one credit earned for successfully completing a personal financial literacy course to satisfy their social studies, family and consumer science, mathematics or business education credit requirement for graduation.
Importantly, the public school has the discretion to determine the graduation credit requirement to which the credit earned shall be applied.

Encouraging students to study personal financial literacy will help guide young people on the path to a secure financial future and offer them skills they will use daily.

Introduced as HB49