HOUSE DOCKET, NO. 113        FILED ON: 1/10/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 171

 

The Commonwealth of Massachusetts

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PRESENTED BY:

Thomas M. Stanley

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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 establishing a financial literacy curriculum..

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PETITION OF:

 

Name:

District/Address:

Date Added:

Thomas M. Stanley

9th Middlesex

1/10/2011

Sean Garballey

23rd Middlesex

1/23/2011

Steven L. Levy

4th Middlesex

2/2/2011


HOUSE DOCKET, NO. 113        FILED ON: 1/10/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 171

By Mr. Stanley of Waltham, a petition (accompanied by bill, House, No. 171) of Thomas M. Stanley, Sean Garballey and Steven L. Levy relative to including personal financial literacy in the math curriculum for all school grade levels.  Education.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 407 OF 2009-2010.]

 

The Commonwealth of Massachusetts

 

_______________

In the Year Two Thousand Eleven

_______________

 

An Act establishing a financial literacy curriculum..

 

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. (a) In order to equip students with the knowledge and skills needed to become self-supporting and to enable students to make critical decisions regarding personal finances, the Department of Education shall authorize and assist in the implementation of programs on teaching personal financial literacy.  The components of personal financial literacy covered in the program shall include, but not be limited to, consumer financial education, personal finance and personal credit.

(b) The Department shall develop a curriculum, materials and guidelines that local boards of education and governing authorities of accredited nonpublic schools may use in implementing the program of instruction on personal financial literacy.

(c) The Department shall develop standards and objectives for personal financial literacy, for all grade levels, within the existing mathematics curriculum.

(d) The Department shall encourage school districts when selecting textbooks for mathematics, economics or similar courses, to select those text books which contain substantive provisions on personal finance, including personal budgeting, credit, debt management and similar personal financial topics.