New York S 94: Requires high schools to provide a course in financial literacy and requires students to complete such course as a condition of graduation

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S00094 Summary:

BILL NOS00094 

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SAME ASSAME AS A05052

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SPONSORCOMRIE

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COSPNSRADDABBO, COONEY, FERNANDEZ, GALLIVAN, JACKSON, LANZA, MAY, MYRIE, RHOADS, SEPULVEDA, WEIK

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MLTSPNSR

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Add §802-b, Ed L

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Requires high schools in grades nine through twelve to provide a course in financial literacy; requires students to complete such course as a condition of graduation.

Go to top S00094 Actions:

BILL NOS00094 

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01/08/2025REFERRED TO EDUCATION

01/07/2026REFERRED TO EDUCATION

Go to topS00094 Committee&nbspVotes:

Go to topS00094 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS00094 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 94

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sens. COMRIE, ADDABBO, COONEY, FERNANDEZ, GALLIVAN, JACK-
 SON, MAY, MYRIE, SEPULVEDA, WEIK -- read twice and ordered printed,
 and when printed to be committed to the Committee on Education

 AN ACT to amend the education law, in relation to requiring high schools
 to provide a course in financial literacy and requiring students to
 complete such course as a condition of graduation

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The education law is amended by adding a new section 802-b
 2 to read as follows:
 3 § 802-b. Instruction relating to financial literacy. 1. The commis-
 4 sioner is hereby directed to provide and prescribe a course of instruc-
 5 tion on financial literacy for high school students in grades nine
 6 through twelve which shall include, but not be limited to the teaching
 7 of personal budgeting, wages and taxes, self-employment, savings and
 8 investments (stocks, bonds and mutual funds), debt management, checking
 9 accounts, credit cards, credit scores, saving for education and retire-
 10 ment, insurance, rights and obligations as a tenant, basic concepts on
 11 borrowing including the purchasing of automobiles and homes, benefits
 12 and drawbacks of leasing and/or purchasing of automobiles, and the bene-
 13 fits and drawbacks of renting and/or purchasing a home. The course shall
 14 be taught on a pass/fail basis and shall not affect the student's grade
 15 point average.
 16 2. School authorities shall provide the needed facilities, time and
 17 place for the instruction set forth in this section and shall provide
 18 learning aids and curriculum resource materials which contribute to
 19 effective teaching methods and learning.
 20 3. As a condition of graduation from high school, a student shall
 21 attend and pass the course on financial literacy; provided, however,
 22 that with respect to students who have individual education plans, the

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00708-01-5

 S. 94 2

 1 completion of such course shall not be a requirement for graduation if
 2 it is not specifically included as a requirement in the student's indi-
 3 vidual education plan recommended by the school district committee on
 4 the handicapped and such student is a student with a disability, as
 5 defined in section forty-four hundred one of this chapter.
 6 § 2. This act shall take effect on the first of July next succeeding
 7 the date on which it shall have become a law.

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