House Co-Sponsorship Memoranda

House of Representatives
Session of 2021 - 2022 Regular Session

Posted:	January 14, 2021 02:20 PM
From:	Representative Michael J. Driscoll
To:	All House members
Subject:	Financial Literacy Education

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. 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. It is highly important that young people understand how to successfully approach matters such as handling a personal checking account or understanding school loans. To ensure that our students emerge into the working world capable of tracking their finances and making responsible, informed decisions with their money, I am 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. Please join me in co-sponsoring this important legislation to further guarantee that the future of our country is in good hands.
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Introduced as HB242