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HOUSE DOCKET, NO. 2362        FILED ON: 1/14/2009

HOUSE  .   .  .  .  .  .  .  .  .  .  .  .  .  .  No. 407


The Commonwealth of Massachusetts



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 passage of the accompanying bill:

An Act establishing a financ ial literacy curriculum.






Danielle W. Gregoire

4th Middlesex

James B. Eldridge


Stephen R. Canessa

12th Bristol

Barbara A. L'Italien

18th Essex

Denise Provost

27th Middlesex

Kathi-Anne Reinstein

16th Suffolk

Cory Atkins

14th Middlesex

Timothy J. Toomey, Jr.

26th Middlesex

Robert L. Rice, Jr.

2nd Worcester

Kay Khan

11th Middlesex

Paul McMurtry

11th Norfolk

Sean Garballey

23rd Middlesex

SEE HOUSE, NO. 498 OF 2007-2008.]

The Commonwealth of Massachusetts


In the Year Two Thousand and Nine



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.              

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