HOUSE DOCKET, NO. 1531        FILED ON: 1/17/2013

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 410

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Danielle W. Gregoire

_________________

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.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Danielle W. Gregoire

4th Middlesex

 

Aaron Vega

5th Hampden

 

Kay Khan

11th Middlesex

 


HOUSE DOCKET, NO. 1531        FILED ON: 1/17/2013

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 410

By Miss Gregoire of Marlborough, a petition (accompanied by bill, House, No. 410) of Danielle W. Gregoire, Aaron Vega and Kay Khan 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 Thirteen

_______________

 

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.