Bill
H 627
Overview: H 627, titled "An Act relative to the strengthening of financial literacy throughout the commonwealth," was introduced on February 27, 2025. The bill's status has been up
Overview: H 627, titled "An Act relative to the strengthening of financial literacy throughout the commonwealth," was introduced on February 27, 2025. The bill's status has been updated, with a new draft substituted (see H4670).
Purpose and Intent: The primary goal of this legislation is to enhance financial literacy education across the state, with a focus on providing students and community members with the knowledge and skills necessary to make informed financial decisions. The bill aims to address the growing need for improved financial awareness and decision-making capabilities among the general population.
Key Provisions:
- Mandates the inclusion of financial literacy curriculum in all public schools, starting from elementary grades
- Establishes a statewide financial literacy task force to develop and oversee the implementation of the curriculum
- Provides funding for teacher training and the development of educational resources
- Requires the creation of a public awareness campaign to promote financial literacy
- Encourages the integration of financial literacy education into community-based programs and adult education initiatives
Affected Parties and Impacts: The bill's provisions would primarily impact students in the public education system, as well as their families and communities. By ensuring that all students receive comprehensive financial literacy education, the legislation aims to empower individuals to better manage their personal finances, make informed decisions about investments and loans, and avoid financial pitfalls. Additionally, the community-based programs and public awareness campaign would benefit a broader segment of the population.
Procedural and Timeline Considerations: The original H 627 bill has been substituted with a new draft, H4670. The next steps in the legislative process will involve further committee review, potential amendments, and floor votes before the bill can be sent to the governor for final consideration.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.
