AB 423: Pupil instruction: financial literacy.
- Session Year: 2021-2022
- House: Assembly
- Latest Version Date: 2021-02-04
Existing law requires each pupil completing grade 12 to satisfy certain requirements as a condition of receiving a diploma of graduation from high school. These requirements include the completion of designated coursework in grades 9 to 12, inclusive, including completion of a one-semester course in economics.
This bill would require the State Department of Education to implement, commencing with the 202223 school year, a financial literacy pilot program. The bill, under the pilot program, would authorize a school district or charter school to voluntarily incorporate a financial literacy program into a course, for pupils in grade 11 or 12, offered by the local educational agency. The bill would require the department to submit a report with findings on the pilot program to the Legislature on or before January 1, 2026.
This bill would make these provisions inoperative on June 30, 2026, and would repeal it as of January 1, 2028.
(a)As used in this section, local educational agency means a school district or charter school.
(b)Commencing with the 202223 school year, the department shall implement a financial literacy pilot program. Under the pilot program, a local educational agency may incorporate a financial literacy program into an appropriate course, for pupils in grade 11 or 12, that satisfies a requirement in paragraph (1) of subdivision (a) of Section 51225.3. The financial literacy program shall include classroom instruction that highlights budgeting, savings, debt, investments, and appropriate materials determined by the department. A local educational agencys participation in the pilot program is voluntary.
(c)(1)On or before January 1, 2026, the department shall submit a report to the Legislature with findings on the pilot program.
(2)The report submitted pursuant to paragraph (1) shall be submitted in compliance with Section 9795 of the Government Code.
(d)This section does not supersede the requirements of Section 51225.3.
(e)This section shall become inoperative on June 30, 2026, and, as of January 1, 2028, is repealed.
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Date
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Status
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|---|---|
| Feb 1, 2022 | From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. |
| Jan 31, 2022 | Died pursuant to Art. IV, Sec. 10(c) of the Constitution. |
| Feb 12, 2021 | Referred to Com. on ED. |
| Feb 5, 2021 | From printer. May be heard in committee March 7. |
| Feb 4, 2021 | Read first time. To print. |
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