HOUSE DOCKET, NO. 1765        FILED ON: 1/20/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1046

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Brian S. Dempsey

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act requiring financial literacy courses in high school.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Brian S. Dempsey

3rd Essex

1/20/2011

William M. Straus

10th Bristol

1/26/2011


HOUSE DOCKET, NO. 1765        FILED ON: 1/20/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1046

By Mr. Dempsey of Haverhill, a petition (accompanied by bill, House, No. 1046) of Brian Dempsey and William M. Straus for legislation to require financial literacy courses in high schools.  Education.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 377 OF 2009-2010.]

 

The Commonwealth of Massachusetts

 

_______________

In the Year Two Thousand Eleven

_______________

 

An Act requiring financial literacy courses in high school.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1 . Section 2 of chapter 71 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by adding the following paragraph: -

 

                In all public high schools a course shall be taught on personal financial literacy which shall include, but not be limited to instruction in the following areas: Understanding interest, credit card debt, and online commerce; Rights and responsibilities of renting or buying a home; Savings and investing; Planning for retirement;  Bankruptcy; Banking and financial services; Balancing a checkbook; Understanding loans and borrowing money, including predatory lending and payday loans; Understanding insurance;  Identity fraud and theft;  Charitable giving; Earning an income; and  Understanding state and federal taxes