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Bills

AB 984: Pupil instruction: high school graduation requirements: economics: personal finance.

  • Session Year: 2023-2024
  • House: Assembly
  • Latest Version Date: 2023-05-01

Current Status:

Failed

(2024-02-01: Died on inactive file.)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Enacted

Version:

Existing law requires a pupil to complete designated coursework while in grades 9 to 12, inclusive, in order to receive a diploma of graduation from high school. These graduation requirements include, among others, the completion of 3 courses in social studies, including a one-semester course in economics. Existing law requires the Instructional Quality Commission to consider including age-appropriate information on financial literacy when the history-social science curriculum framework is next revised after January 1, 2017.

This bill would add the completion of a one-semester course in personal finance to the graduation requirements commencing with pupils graduating in the 202829 school year, including for pupils enrolled in a charter school. The bill would expressly authorize local educational agencies, including charter schools, to require a full-year course in personal finance at their discretion. The bill would require local educational agencies, including charter schools, to offer a personal finance course commencing with the 202526 school year. The bill would authorize, subject to the course offerings of a local educational agency, including a charter school, a pupil to satisfy the personal finance course requirement by completing either an existing personal finance course approved as meeting the AG requirements of the University of California and the California State University, or a locally developed personal finance course approved by the governing board of the school district or the governing body of the charter school. The bill would require the locally developed personal finance course to first be presented at a public meeting of the governing board or governing body, as provided.By imposing new duties on local educational agencies, this bill would impose a state-mandated local program.

This bill would require, for purposes of the above-described graduation requirement, the one-semester course in economics to include content in personal finance aligned to the history-social science curriculum framework adopted by the state board. To the extent this imposes new duties on local educational agencies, the bill would impose a state-mandated local program.

The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement.

This bill would provide that, if the Commission on State Mandates determines that the bill contains costs mandated by the state, reimbursement for those costs shall be made pursuant to the statutory provisions noted above.

News Coverage:

AB 984: Pupil instruction: high school graduation requirements: economics: personal finance. | Digital Democracy