From the ECS State Policy Database Curriculum--Financial Literacy/Economics Ed.

This database is made possible by your state's fiscal support of the Education Commission of the States (ECS). Most entries are legislative, although rules/regulations and executive orders that make substantive changes are included. Every effort is made to collect the latest available version of policies; in some instances, recent changes might not be reflected. For expediency purposes minimal attention has been paid to style (capitalization, punctuation) and format. Please cite use of the database as: Education Commission of the States (ECS) State Policy Database, retrieved [date]. State Status/Date Level Summary CA Signed into law 08/2013 P-12 Financial Literacy A.B. 166 From legislative counsel's digest: Requires the state board to integrate financial literacy, including, but not limited to, budgeting and managing credit, student loans, consumer debt, and identity theft security in the social sciences, health, and mathematics... More... AZ Signed into law 06/2013 P-12 Social Studies Standards/Financial Literacy S.B. 1449 Requires the academic standards in social studies prescribed by state board of education to include personal finance. Clarifies that state board cannot establish a required separate personal finance course as a graduation requirement. Allows a school board or ... More... TX Signed into law 06/2013 P-12 Personal Financial Literacy Courses H.B. 2662 Includes personal financial literacy in the foundation curriculum offered by each district. Requires each district and charter school to offer an elective course in personal financial literacy that meets the requirements for a one-half elective (legislation pr... More... TX Signed into law 06/2013 P-12 Postsec. Inclusion of "Insurance" in Personal Financial Literacy Training S.B. 1590 Requires that personal financial literacy training offered by public universities and public school districts include information about insurance. http://www.capitol.state.tx.us/tlodocs/83R/billtext/pdf/SB01590F.pdf#navpanes=0... More... ME SIGNED 06/2013 P-12 An Act To Promote the Financial Literacy of High School Students H.P. 594 An Act To Promote the Financial Literacy of High School Students. Amends graduation requirements from 2 years of social studies and history, including American history, government and civics to 2 years of social studies and history, including American history,... More... IA Signed into law 04/2013 P-12 Entrepreneurial E ducation H.F. 533 Defines "Entrepreneurial activities" as starting, maintaining, or expanding a business venture, including a seasonal business venture, or rendering other labor or services in return for compensation. For the purposes of enhancing student learning by encouragin... More... MT Adopted 04/2013 P-12 Financial Literacy H.J.R. 14 Urges the state board to require successful completion of a financial literacy course prior to high school graduation. http://data.opi.mt.gov/bills/2013/billpdf/HJ0014.pdf... More... ND Signed into law 03/2013 P-12 Elementary Student Entrepreneurship Program H.B. 1229 Modifies the North Dakota elementary student entrepreneurship program. Law requires the state board to adopt policies to create a program of grants to support entrepreneurship education that is coordinated with classroom curriculum, standards, and activities e... More... UT Signed into law 03/2013 P-12 Financial and Economic Literacy Education S.B. 43 Directs the state board to establish a task force to study and make recommendations on improving financial and economic literacy education in the public school system. Requires the task force to study certain issues relating to financial and economic literacy ... More... VA Signed into law 04/2012 P-12 Eliminating State Mandates on Local and Regional Government Entities Relating to Education H.B. 1295/S.B. 679 Eliminates several statewide mandates on local and regional government entities relating to education and land use. The bill does the following: * Removes the requirement for establishing local advisory committees on gifted education and the annual reporting... More... UT Signed into law 03/2012 P-12 Financial Literacy Test-Out Option H.B. 156 - Financial Literacy Test-Out Option Directs the state board to develop a test-out option from the general financial literacy component of the grades 9-12 curriculum [students must complete .5 unit General Financial Literacy to graduate from high school]. Page 6 of 9: http://le.utah.gov/~2012/bil... More... TX Signed into law 06/2011 P-12 Postsec. Instruction in Financial Literacy and Paying for College H.B. 34 Requires that the Texas essential knowledge and skills related to personal financial literacy include instruction in methods of paying for college and other postsecondary education and training. Requires each high district and open enrollment charter school of... More... TX Signed into law 06/2011 Postsec. Financial Literacy Training at Postsecondary Institutions H.B. 399 Requires general academic teaching institutions to offer personal financial literacy training. Directs the higher education coordinating board to determine the topics to be covered by the training, which may include budgeting, credit cards, spending, saving, l... More... TX Signed into law 06/2011 P-12 Personal Financial Literacy S.B. 290 Requires a personal financial literacy component to be included in mathematics instruction in grades K-8 (previously personal financial literacy only required to be included in one or more courses required for high school graduation). Directs the commissioner ... More... ME Signed into law 05/2011 P-12 Promotes Financial Literacy of High School Students H.P. 161 Requires the Commissioner of Education to develop a program of technical assistance that promotes the importance of financial literacy and encourages school administrative units to implement an integrated model for instruction in personal finance that may be u... More... TN Signed into law 05/2011 P-12 Financial Literacy S.B. 912 Requires that state board of education mandate revisions to financial literacy education, including as component on certain achievement tests, after recommendations made by financial literacy commission. http://www.capitol.tn.gov/Bills/107/Bill/SB0912.pdf... More... WA Signed into law 05/2011 P-12 Membership and Work of the Financial Education Public-Private Partnership H.B. 1594 Establishes term limits for membership on the financial education public-private partnership. Encourages school districts to adopt the jumpstart coalition national standards in K-12 personal finance education and provide students with an opportunity to master ... More... PA Veto overridden: legislature has overridden governor's veto 11/2010 P-12 Economic Education and Personal Finance Literacy Programs H.B. 101 - Section 1551 Requires the state department of education to establish and maintain a clearinghouse of information on ecnomic education and personal financial literacy materials, identify and recognize exemplary programs, and to provide these materials to schools through the... More... IL Signed into law 07/2010 P-12 Consumer Education Proficiency Test S.B. 3608 Repeals policies relating to the Annual Consumer Education Proficiency Test, for students in grades 9-12 who elected to take the test. Students who demonstrated proficiency on the test were excused from the receiving instruction in consumer education as a prer... More... TN Signed into law 06/2010 P-12 Postsec. Community College Financial Literacy for Tennessee Citizens H.B. 3334 Requires the department of the treasury to develop by rule a financial literacy program for the purpose of improving the financial literacy and education of Tennessee citizens. Such program may include, but not necessarily be limited to, the development of a s... More... AL Signed into law 03/2010 P-12 Personal Finance Course for High School Students S.J.R. 95 Urges the state department of education and the state board of education to require local school districts to incorporate a money management course in their curriculum for high school students.... More... IL Signed into law 08/2009 Postsec. Credit Card Marketing Act of 2009 H.B. 2352 Creates the Credit Card Marketing Act of 2009. Requires institutions of higher education that enter into an agreement to market credit cards to students pursuing an education, or that allow their student groups, alumni associations, or affiliates to enter into... More... OH Signed into law 07/2009 P-12 Business Education, Financial Literacy, and College and Career Readiness H.B. 1 - Section 3301.0719 Defines "business education" for purposes of this section as including accounting, career development, economics and personal finance, entrepreneurship, information technology, management and marketing. Directs the state board, by July 2010, to adopt business... More... OH Signed into law 07/2009 P-12 College and Career Readiness, Financial Literacy H.B. 1 - Section 3301.0721, 3301.079(A)(2) and 3313.601, 3313.603 Section 3301.079(A)(2). Requires the state board to adopt K-12 standards for instruction in financial literacy and entrepreneurship, which must meet the same requirements as standards in the core areas of English, math, science and social studies (i.e., the st... More... TX Signed into law 06/2009 P-12 Personal Financial Literacy H.B. 3646 - Section 3 Provides that one of the services districts and campuses may purchase from regional education service centers is training and assistance in providing instruction in personal financial literacy. http://www.legis.state.tx.us/tlodocs/81R/billtext/pdf/HB03646F.pdf... More... TX Signed into law 06/2009 P-12 Financial Literacy Pilot Program H.B. 3646 - Section 23 Increases number of districts eligible to participate in the financial literacy pilot program from 25 to 100. Directs the state education agency to report to members of the legislature by January 2011 on implementation and effectiveness of the program. Page 1... More... NJ Signed into law 06/2009 P-12 Financial Literary Pilot A.B. 1943 Establishes pilot program in Department of Education to provide instruction in personal finance to high school seniors. http://www.njleg.state.nj.us/2008/Bills/A2000/1943_I1.HTM... More... NV Signed into law 05/2009 P-12 Financial Literacy S.B. 317 Requires instruction on financial literacy for pupils enrolled in the public high schools; provides that this instruction may be included within a course or program of instruction that pupils enrolled in high school are otherwise required to complete for gradu... More... UT Signed into law 03/2009 P-12 Postsec. Personal Finance Information and Utah Educational Savings Plan S.B. 100 Requires a public school to provide to the parents of a kindergarten student a financial and economic literacy passport (personal financial literacy), and information about higher education savings options, including information about opening a Utah Educationa... More... UT Signed into law 03/2009 P-12 Postsec. Community College State Council on Financial Literacy S.C.R. 3 Expresses support for the work of the state council on financial education. Encourages participation on the council by the state office of education, other state agencies and all other private or public entities that engage in teaching financial education and ... More... MI Signed into law 12/2008 P-12 Financial Literacy as Math Course S.B. 834 Provides that a financial literacy course is a permissible mathematics course under the state merit standard for high school graduation. http://www.legislature.mi.gov/documents/2007-2008/publicact/pdf/2008-PA-0316.pdf... More... UT Adopted 12/2008 P-12 Financial and Economic Literacy R277-704 Defines "financial and economic literacy student passport" as a collection of approved activities, assessments or achievements completed during a given time period that indicate advancement in financial and economic understanding. Defines "financial and econom... More... IL Signed into law 08/2008 P-12 Postsec. Community College State Treasurer Financial Education and Savings Not-For-Profit Corporation S.B. 2098 Authorizes the state treasurer to create the State Treasurer Financial Education and Savings Not-For-Profit Corporation to promote financial literacy and savings among the residents of the state and to issue grants and scholarships for educational purposes. Se... More... IL Signed into law 08/2008 P-12 Homeownership Education S.B. 2387 Adds homeownership, including the basic process of obtaining a mortgage and the concepts of fixed and adjustable rate mortgages, subprime loans, and predatory lending, as part of the financial literacy component of consumer education for public school pupils. ... More... LA Signed into law 07/2008 P-12 Postsec. Community College Financial Literacy and Education Commission S.B. 405 Creates and provides for the Financial Literacy and Education Commission; provides for membership, powers and duties; relates to education on saving and managing spending, credit and debt, especially credit card debt. http://www.legis.state.la.us/billdata/stre... More... CO Signed into law 05/2008 P-12 Financial Literacy Standards H.B. 1168 Directs the State Standards and Assessments Development and Implementation Council, the State Board of Education, and school districts to add financial literacy standards to the mathematics content standards and to recommend and adopt statewide assessments tha... More... IA Signed into law 05/2008 P-12 Financial Literacy S.F. 2216 - Financial Literacy Segment Part of this bill makes financial literacy part of the core curriculum and defines it as: Not limited to financial responsibility and planning skills; money management skills, including setting financial goals, creating spending plans, and using financial inst... More... IA Signed into law 05/2008 P-12 Student Readiness for College or Work S.F. 2216 - Generally Concerns state and local measures for preparing a student for a career or for postsecondary education, including a mandated statewide core curriculum for school districts and accredited nonpublic schools and a state designated career information and decision m... More... MD Signed into law 04/2008 P-12 Financial Literacy H.B. 1242; S.B. 533 Creates a Task Force to Study How to Improve Financial Literacy in the State; requires the task force to study the current ability of high school students to understand basic financial concepts, evaluate the current provision of financial literacy education in... More... UT Signed into law 03/2008 P-12 Financial Literacy S.B. 2 - Section 10 Defines "financial and economic literacy passport" as a document that tracks mastery of financial and economic literacy concepts and completion of financial and economic activities in a number of specified areas. Directs the state board of education, in cooper... More... NM Signed into law 02/2008 P-12 Postsec. Community College College and Workplace Readiness Assessment S.B. 460 Relates to public schools; changes the statewide college and workplace readiness assessments; allows the eleventh grade standards-based assessments to serve as the assessment required for graduation; provides that financial literacy shall be offered as an elec... More... OK Adopted 10/2007 P-12 Personal Financial Literacy Education OAC 210:35-9-31 Amends rules to require public schools to provide personal financial literacy education in grades 7-12. Outlines 14 areas of instruction that the student must demonstrate satisfactory completion in order to obtain a Passport to Financial Literacy, which will b... More... OR Signed into law 07/2007 P-12 Task Force on Civics and Financial Education H.B. 2584 Creates a Task Force on Civics and Financial Education to study and make recommendations about how to increase and improve civics and financial education in kindergarten through grade 12 public schools. http://www.leg.state.or.us/07reg/measpdf/hb2500.dir/hb258... More... RI Passed 07/2007 P-12 Personal Financial Education Pilot H.B. 6235 Creates a special legislative commission whose purpose it would be to study the status and future of youth personal financial education in the state's middle and high schools.... More... OK Signed into law 06/2007 P-12 Passport to Financial Literacy Act H.B. 1476 Requires personal financial literacy education to be taught in public schools in the state; lists areas of instruction; directs school districts to provide personal financial literacy instruction; provides for integration of instruction into existing courses; ... More... TN Signed into law 05/2007 P-12 H.B. 1944 Removes the provision in the junior and senior high school curriculum that permits a course on personal finance to satisfy the instruction requirement on the free enterprise system. Present law requires the state board of education to establish a program of in... More... ND Signed into law 05/2007 P-12 Career and Technical Education, Enrepreneurship Education H.B. 1019 Increases funding for for the Department of Career & Technical Education by $4.9 million, 29 percent over from the previous biennium. The $4.9 million in this legislation is part of a total $8 million increase in workforce training funds coordinated between K-... More... WA Signed into law 04/2007 P-12 Financial Literacy Skills and Knowledge H.B. 1980 Provides that, to the extent funds are appropriated or are available for this purpose, the superintendent of public instruction and other members of the partnership created in RCW 28A.300.455 shall make available to school districts the list of identified fina... More... NM Signed into law 04/2007 P-12 Financial Literacy as an Elective H.B. 1205 Requires that financial literacy be offered as a high school elective. http://legis.state.nm.us/Sessions/07%20Regular/final/HB1205.pdf... More... ID Adopted 03/2007 P-12 Financial Education H.C.R. 10 Recognizes the importance of basic financial education and business-oriented educational programs for all citizens. Urges the state board of education to begin: (1) Exploring ways to include in the public school curricula a financial literacy program that i... More... VA Signed into law 02/2007 Postsec. Economic Education & Financial Literacy Programs H.B. 2513 Expands economic education and financial literacy programs at public institutions of higher education to include subjects in savings and investments, predatory lending practices and interest rates, consumer fraud, and identity theft and protection. http://leg1... More... OH Signed into law 12/2006 P-12 Ohio Core Graduation Requirements S.B. 311-- Sec. 3313.603(A), (B), (C) Part 1, (K) adn (L) Increases high school graduation requirements for students entering grade 9 during the 2010-2011 school year (Class of 2014). Increases math units from 3 to 4; requires one unit of Algebra II or its equivalent. Existing 3-unit requirement in science calls for ... More... CA Vetoed 09/2006 P-12 Economics Educ. and Financial Literacy A.B. 1950 Authorizes a school district, in providing instruction in economics, to include instruction related to the understanding of personal finances, including, but not limited to budgeting, savings, credit and identity theft. Encourages the State Department of Educa... More... IL Signed into law 06/2006 P-12 Financial Literacy S.B. 2191 Requires the state board to develop curricula, materials, and guidelines for school boards to use in implementing a program of instruction on financial literacy within current courses offered in public high schools. Creates the Financial Literacy Fund as a spe... More... SC Veto overridden: legislature has overridden governor's veto 06/2006 P-12 Financial Literacy Grants H.B. 4707 Provides grants to school districts to provide financial literacy instruction for students; establishes goals and establishes the Financial Literacy Board of trustees and the purposes of the Board and its composition, functions, and duties; provides for two se... More... TN Signed into law 05/2006 P-12 Financial Literacy Curriculum S.B. 3741; H.B. 3753 Concerns education and curriculum; requires department of education to create a state board to approve a high school financial literacy curriculum; creates in the state treasury a fund to be known as the "financial literacy fund ". State funds and private cont... More... GA Adopted 04/2006 P-12 Teacher Preparation Programs GAC 505-3-.40 thru .43 Establishes rules regarding educator preparation programs for grades 6-12 geography, history, economics, and political science to replace existing "broad field" Social Science certification area. Geography: http://www.gapsc.com/TeacherEducation/Rules/505-3-.... More... LA Signed into law 06/2005 P-12 Adoption Awareness H.B. 777 Requires the inclusion of the topic of adoption awareness in middle or high school courses that include material related to family life, including Family Life and Consumer Science Education courses. Defines adoption awareness. http://www.legis.state.la.us/bill... More... TX Signed into law 06/2005 P-12 Financial Literacy Pilot Program S.B. 851 Contingent on funding, requires state board to establish and implement a financial literacy pilot program to provide students in participating school districts with the knowledge and skills necessary as self-supporting adults to make critical decisions relatin... More... TX Signed into law 05/2005 P-12 Personal Financial Literacy H.B. 492 Amends Sec. 28.0021. Requires instruction in personal financial literacy in one or more courses required for high school graduation. Requires districts and open-enrollment charter schools to incorporate instruction in personal financial literacy into any cour... More... WV Signed into law 04/2005 P-12 Prescribing Personal Finance Instruction In Second H.B. 2837 Adds new section: §18-2-7c, to read as follows:(a) The Legislature finds and declares that persons with an understanding of personal finance are better prepared to manage their money and that providing a personal finance program in secondary schools in West Vi... More... SC Signed into law 04/2005 P-12 Financial Literacy Instruction Act H.B. 3020 Enacts the Financial Literacy Instruction Act; provides a curriculum for local school boards to teach financial literacy; provides for a fund to receive public and private contributions for financial literacy instruction. http://www.scstatehouse.net/sess116_20... More... WI Issued 03/2005 P-12 Postsec. Community College Creation of the Governor's Council on Financial Literacy Executive Order # 92 Creates the governor's council on financial literacy. The council's mission is to measurably improve the financial literacy of Wisconsin citizens. In addition to other tasks, the council will serve as a sounding board for the governor's office and the office... More... VA Signed into law 03/2005 P-12 Entrepreneurship Education Program S.B. 969 Creates the Entrepreneurship Education Program, consisting of grants administered by the state board to public secondary schools to support innovative educational programs designed to assist students in the development of their entrepreneurial, academic, and l... More... OK Emergency Rule Adoption 02/2005 Postsec. Financial Aid for Financial Literacy OAC 610:25-35-1 thru -7 Establishes emergency rules to address the state's deficit in financial instruction and to combat the considerable cost of fiscal illiteracy, by developing a financial literacy initiative, Oklahoma Money Matters (OKMM) under the state student loan program. OKL... More... CA Vetoed 09/2004 P-12 Courses of Study: Financial Planning A.B. 2435 Permits a school district to include instruction on personal finance, including budgeting, savings and credit, in social sciences courses for students in grades 7 through 12. http://www.leginfo.ca.gov/pub/bill/asm/ab_2401-2450/ab_2435_bill_20040826_enrolled.ht... More... DE Rule Adoption 09/2004 P-12 Certification of Family and Consumer Sciences Teacher 14 DAC, 331, 1566, 1.0 - 3.3.12 Amends regulations relating to the requirements for a standard certificate for educational personnel. Changes are made to conform to changes in statute regarding licensure and certification of educators. Section is renumbered to reflect its movement to the Pro... More... CO Signed by Governor 06/2004 P-12 Financial Education Curriculum H.B. 1360 Encourages each school district and charter school to adopt a financial literacy curriculum and to make successful completion of the program a graduation requirement. http://www.leg.state.co.us/clics2004a/csl.nsf/fsbillcont3/88DE0C519CF9551087256D790053005C?Op... More... HI Signed into law 04/2004 P-12 Financial Literacy for Youth Month H.B. 1898 Designated April as "Financial Literacy for Youth" month. http://www.capitol.hawaii.gov/sessioncurrent/bills/hb1898_hd1_.htm... More... PA Issued 04/2004 P-12 Postsec. Community College 2004-7 Financial Education and Literacy Executive Order Creates the office of financial education, responsible for: (1) Coordinating financial education programs across agencies; (2) Developing and maintaining a comprehensive database of financial education programs, materials and resources; (3) Providing support f... More... MS Signed into law 04/2004 P-12 Educational Service Agencies S.B. 3016 Authorizes 12 or more school districts to enter into an agreement to establish an Educational Service Agency (ESA). The ESA would be managed by an advisory board composed of the superintendents or their designees from each participating school district. The bo... More... WA Vetoed 03/2004 P-12 Financial Literacy H.B. 2455 Provides for financial literacy; provides for the creation of a set of financial literacy learning guidelines, providing information on instructional materials that help students meet the learning guidelines, data collection and creating a public- private part... More... AR Signed into law 01/2004 P-12 Personal Finance Education S.B. 41 Requires public school districts to offer a personal finance course to students in grades nine through twelve. http://www.arkleg.state.ar.us/ftproot/bills/2003s2/public/SB41.pdf... More... NY Signed into law 10/2003 P-12 Student Financial Education Act S.B. 4113 Enacts the "student financial education act" to create within children the skills, knowledge and experience necessary to manage personal finances and obtain general financial literacy; allows a credit union organized to open and maintain a student branch upon ... More... LA Signed into law 06/2003 P-12 Free Enterprise Curriculum to Include Personal Finance S.B. 38 Requires the free enterprise curriculum to include instruction in personal finance beginning with the 2004-2005 school year. States that personal finance includes but is not limited to income, money management, spending and credit, and savings and investing. h... More... SC Signed into law 06/2003 P-12 High School Students Personal Finance S.B. 258 Requires high school students to receive instruction in the area of personal finance.... More... TX Signed into law 05/2003 P-12 Public School Curriculum H.C.R. 15 Directs the state board to implement the inclusion of elements relating to personal finance among the essential knowledge and skills in the required public school curriculum, and to adopt and promote a personal finance education program that provides public sc... More... MT Signed into law 04/2003 P-12 Student Banks in High Schools S.B. 380 Authorizes formation of student banks, called "student financial institutions" in a high school as an education program to serve only those students enrolled in the school in which the program is located. The student financial institution may be advised but no... More... KS Signed into law 04/2003 P-12 Personal Finance Literacy Program S.B. 74 Requires the state board to assist in the implementation of personal financial literacy instructional programs, to include consumer financial education, personal finance and personal credit. Requires the state board to create standards and objectives for perso... More... MO Signed into law 07/2002 P-12 Study of Economics and Personal Finance Education in State H.B. 1973 Requires the department to conduct a study of economics and personal finance education, to be submitted to the general assembly by January 1, 2003. Requires the study to include recommendations on 1) in-service training methods for teachers on economics and pe... More... KY Signed into law 04/2002 P-12 Economic Education H.J.R. 25 Directs the Department of Education to implement the recommendations of the Interim Joint Committee on Education related to economic education; provides for related teacher professional development. http://www.lrc.state.ky.us/RECORD/02RS/HJ25/bill.doc... More... MI Signed into law 04/2002 P-12 Model Financial Literacy Program H.B. 5327 Requires Department of Education to develop and make available to schools a model financial literacy program; provides, that to the extent federal funds are available, the Department of Education shall fund grants to public schools to encourage implementation ... More... VA Signed into law 03/2002 P-12 Banking-at-School Demonstration Program H.B. 966 Authorizes local school boards to establish a Banking-at-School Partnership Program, consisting of school banks or school credit unions on the premises of public schools within the school division that have been developed and are operated jointly by a public s... More... TN Signed into law 05/2001 P-12 Personal Finance Curriculum H.B. 1177 Requires public schools to include in the course of instruction a component on personal finance education to help students develop an understanding of and develop appropriate skills relating to the role of money, credit, budgets, financial planning, and other ... More... KY Signed into law 04/2000 P-12 Economics Education H.C.R. 82 Directs the Interim Joint Committee on Education to study the issue of the instruction of the principles of economics and the need for promoting economic education during the 2000-2002 legislative interim.... More...