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House Co-Sponsorship Memoranda

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House of Representatives
Session of 2019 - 2020 Regular Session


Posted: January 3, 2019 10:24 AM
From: Representative Michael J. Driscoll
To: All House members
Subject: Re-Draft of House Bill 106 of 2017 - Financial Literacy Education
Students today are greatly in need of being educated on how to responsibly handle their personal finances in school, after graduation, and on into adulthood. Indeed, from learning how to handle a personal checking account to making wise decisions regarding school loans, car loans, and eventually possibly purchasing a home with a mortgage, it is highly important that young people understand how to successfully approach such matters if there are to succeed in life.

With this in mind, I will be re-introducing legislation that would require personal finance instruction for every public school student from kindergarten through twelfth grade. My bill would also create a financial literacy capstone course as a graduation requirement for students in public schools. Additionally, this legislation would require the Department of Education to submit a report to the House and Senate Education Committees with data on statewide assessment results for questions relating to financial literacy.

A report released by the Pennsylvania Task Force on Economic Education and Personal Financial Literacy Education found that less than fifty school districts in this Commonwealth require a course in personal finance for graduation – and those courses vary widely in content.

As such, implementing a uniform personal finance curriculum will ensure that our students emerge into the working world capable of tracking their finances and making responsible, informed decision with their money.
Please join me in this important effort by co-sponsoring this legislation.

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Introduced as HB267