New York A 3660: Establishes a state seal of financial literacy

Bill Text

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A03660 Summary:

BILL NOA03660 

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SAME ASNo Same As

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SPONSORConrad

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COSPNSRBerger, McMahon, Jensen, Kassay

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MLTSPNSR

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Add §815-a, Ed L

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Establishes a state seal of financial literacy; provides such seal recognizes high school graduates who have attained a high level of proficiency in personal finance, budget management, and investment.

Go to top A03660 Actions:

BILL NOA03660 

&nbsp

01/29/2025referred to education

01/07/2026referred to education

Go to topA03660 Committee&nbspVotes:

Go to topA03660 Floor&nbspVotes:

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

Go to topA03660 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3660

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 29, 2025
 ___________

 Introduced by M. of A. CONRAD -- read once and referred to the Committee
 on Education

 AN ACT to amend the education law, in relation to establishing a state
 seal of financial literacy

 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 815-a
 2 to read as follows:
 3 § 815-a. State seal of financial literacy. 1. (a) The state seal of
 4 financial literacy is established to recognize high school graduates who
 5 have attained a high level of proficiency in personal finance, budget
 6 management, and investment. The state seal of financial literacy shall
 7 be awarded by the commissioner. School district participation in this
 8 program is voluntary.
 9 (b) The purposes of the state seal of financial literacy are as
 10 follows:
 11 (1) To encourage pupils to study the principles of personal finance.
 12 (2) To certify attainment of financial literacy.
 13 (3) To provide employers with a method of identifying people with
 14 financial literacy skills.
 15 (4) To provide universities with an additional method to recognize
 16 applicants seeking admission.
 17 (5) To prepare pupils with twenty-first century skills.
 18 (6) To recognize the value of students demonstrating the financial
 19 knowledge, skills, and abilities required to manage personal finances in
 20 our public schools.
 21 2. (a) The state seal of financial literacy certifies attainment of a
 22 high level of proficiency by a graduating high school pupil in financial
 23 literacy.
 24 (b) The board of regents shall promulgate such regulations of the
 25 commissioner as may be necessary to establish the criteria that students

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07858-01-5

 A. 3660 2

 1 must achieve to earn a state seal of financial literacy, which may
 2 include, but is not limited to attainment of units of credit in social
 3 studies or economics.
 4 3. The commissioner shall do both of the following:
 5 (a) Prepare and deliver to participating school districts an appropri-
 6 ate insignia to be affixed to the diploma and transcript of the pupil
 7 indicating that the pupil has been awarded a state seal of financial
 8 literacy by the commissioner.
 9 (b) Provide other information the commissioner deems necessary for
 10 school districts to successfully participate in the program.
 11 4. A school district that participates in the program under this
 12 section shall do both of the following:
 13 (a) Maintain appropriate records in order to identify pupils who have
 14 earned a state seal of financial literacy.
 15 (b) Affix the appropriate insignia to the diploma and transcript of
 16 each pupil who earns a state seal of financial literacy.
 17 5. No fee shall be charged to a pupil pursuant to this section.
 18 § 2. This act shall take effect on the first of September next
 19 succeeding the date on which it shall have become a law.

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