Legislation and Policy

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Each state has different requirements when it comes to education and personal finance. If you're interested in making a change in your state's financial literacy provisions, the bills below can serve as examples of legislation that has been developed in various areas, whether or not they became law.

Allows local boards of education to offer instruction in the life skills of personal finance literacy in grades six to 12 as an elective course or as a component in the health education and physical education state courses of study.

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Alabama

Arkansas SB 599

Establishes the Arkansas financial education commission.

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Arkansas

Illinois HB 157

Provides that, beginning with the 2021-2022 school year, each school district maintaining any of grades six through eight must include in its curriculum and require students in those grades to take a unit of instruction on financial literacy.

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Illinois

Maryland HB 916

Requires the State Dept of Ed to update the State Curriculum for Personal Financial Literacy Education and corresponding financial literacy standards to include content related to student loans and taxes and establish a financial literacy education week....

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Maryland

Nebraska LB 452

Adopts the Financial Literacy Act which stipulates that each school district, in consultation with the State Department of Education, shall develop for incorporation into all phases of the curriculum of grades kindergarten through twelve a financial literacy program, among other items.

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Nebraska

Pennsylvania SB 34

Relates to courses of study; provides for subjects of instruction and flag code and for economic education and personal financial literacy programs; provides for personal finance instruction and for capstone course in personal finance as graduation requirement...

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Pennsylvania

Ohio SB 1

Requires students who enter ninth grade on or after July 1, 2022, to complete one-half unit of instruction in financial literacy as part of the required high school curriculum.

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Ohio

Students for Personal Finance Education

Ever wondered how you could make an impact in your own state? Students in CT have organized to try and expand access to personal finance education. Check our their site to learn more about their efforts and how you could do the same!

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SPFE

Arizona HB 2064

Specifically states what should be included in personal finance courses in high schools in the state of Arizona.

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Arizona

District of Columbia B24-81

Financial Literacy Education in Schools Amendment Act of 2021 which includes a course to be piloted in all high schools.

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Washington D.C.

Illinois SB 1556

Creates the Financial Literacy Task Force to study and identify best practices for increasing the financial capacity of young adults in Illinois and develop recommendations for increasing the availability, uptake, and positive outcomes of financial education in this state's postsecondary academic institutions.

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Illinois

Minnesota HF 404

Appropriates money for financial literacy instruction grants.

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Minnesota

Oregon HB 3232

Establishes financial literacy as a requirement for a high school diploma. Directs the Department of Education to establish academic content standards and a statewide assessment system for financial literacy. Requires school districts and public charter schools to offer students instruction in financial literacy.

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Oregon

Virginia HB 1905

Adds to objectives developed and approved by the Board of Education for economics education and financial literacy at the middle and high school levels the implications of various employment arrangements with regard to benefits, protections, and long-term financial sustainability.

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Virginia

Colorado HB 1200

The bill directs the state board of education to review standards relating to the knowledge and skills that a student should acquire to ensure that the financial literacy standards for 9th through 12th grade include an understanding of the costs associated with obtaining a postsecondary degree...

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Colorado

Do you teach financial literacy or are you looking to incorporate it into your lessons? Below you'll find professional development resources as well as information on how to invest & save for retirement.

Do you teach financial literacy or are you looking to incorporate it into your lessons? Below you'll find professional development resources as well as information on how to invest & save for retirement.

Top of Page

Legislation and Policy

Each state has different requirements when it comes to education and personal finance. If you're interested in making a change in your state's financial literacy provisions, the bills below can serve as examples of legislation that has been developed in various areas, whether or not they became law.