New York S 6805: Establishes instruction in financial literacy for students in sixth through eighth grade

Bill Text

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S06805 Summary:

BILL NOS06805 

&nbsp

SAME ASSAME AS A08100

&nbsp

SPONSORJACKSON

&nbsp

COSPNSRADDABBO, COONEY, PERSAUD, RAMOS, SALAZAR, SEPULVEDA

&nbsp

MLTSPNSR

&nbsp

Add §803-c, Ed L

&nbsp

Establishes instruction in financial literacy for students in sixth through eighth grade; requires such instruction to include content on budgeting, savings, credit, debt, insurance, investment, and other issues associated with personal financial responsibility as determined by the education department.

Go to top S06805 Actions:

BILL NOS06805 

&nbsp

03/24/2025REFERRED TO EDUCATION

01/07/2026REFERRED TO EDUCATION

Go to topS06805 Committee&nbspVotes:

Go to topS06805 Floor&nbspVotes:

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

Go to topS06805 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6805

 2025-2026 Regular Sessions

 IN SENATE

 March 24, 2025
 ___________

 Introduced by Sens. JACKSON, COONEY, PERSAUD, RAMOS, SALAZAR, SEPULVEDA
 -- 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 establishing instruc-
 tion in financial literacy for students in sixth through eighth grade

 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 803-c
 2 to read as follows:
 3 § 803-c. Instruction relating to financial literacy. 1. The department
 4 shall require that a school district incorporate in each of the grades
 5 six through eight financial literacy instruction for pupils enrolled in
 6 such grades. The purpose of such instruction shall be to provide middle
 7 school students with the basic financial literacy necessary for sound
 8 financial decision-making.
 9 2. The instruction shall meet the requirements established by the
 10 department and shall:
 11 a. be appropriate to, and reflect the age and comprehension of, the
 12 students enrolled in the particular grade level; and
 13 b. include content on budgeting, savings, credit, debt, insurance,
 14 investment, and other issues associated with personal financial respon-
 15 sibility as determined by the department.
 16 3. The commissioner shall provide school districts with sample
 17 instructional materials and resources that may be used to support the
 18 implementation of the financial literacy instruction requirement.
 19 § 2. This act shall take effect immediately and shall apply to all
 20 school years commencing on or after the first of July next succeeding
 21 the date upon which it shall have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11259-01-5

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