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Bill

A 991

Establishes a state university of New York pilot program to encourage individuals in college to enter the financial planning industry

2025 Regular Session Introduced by Sarah Clark

Bill A 991 creates a SUNY pilot program to attract college students to financial planning careers, offering specialized courses and internships to meet industry demand.

REFERRED TO HIGHER EDUCATION
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Bill Summary · A 991

Summary of Bill A 991

Bill Information

  • Bill Number: A 991
  • Title: Establishes a state university of New York pilot program to encourage individuals in college to enter the financial planning industry
  • Status: Referred to Higher Education
  • Introduced: January 08, 2025
  • Classification: Bill

Purpose and Intent

Bill A 991 aims to create a pilot program within the State University of New York (SUNY) system to promote careers in financial planning among college students. The intent is to address the growing demand for financial planners and to encourage students to consider this profession as a viable career path.

Key Provisions

  • Pilot Program Establishment: The bill proposes the establishment of a pilot program specifically designed to attract college students to the financial planning industry.
  • Curriculum Development: The program may include the development of specialized courses and training modules focused on financial planning principles, ethics, and practical skills.
  • Internship Opportunities: The bill encourages the creation of internship opportunities in collaboration with financial planning firms and organizations to provide students with real-world experience.
  • Outreach and Recruitment: The program will include outreach initiatives to inform students about career opportunities in financial planning and the benefits of entering this field.

Affected Parties

  • Students: College students within the SUNY system will be the primary beneficiaries, gaining access to resources and opportunities that can help them pursue careers in financial planning.
  • Educational Institutions: SUNY colleges and universities will be involved in implementing the pilot program, potentially leading to curriculum changes and new partnerships with industry professionals.
  • Financial Planning Industry: The bill aims to support the financial planning sector by increasing the number of qualified professionals entering the field.

Procedural Aspects

  • Current Status: As of January 08, 2025, the bill has been referred to the Higher Education committee for further consideration.
  • Related Legislation: This bill is related to prior-session bills A 9912 and A 2288, as well as companion bill S 6850, which may provide additional context or support for the initiative.

Conclusion

Bill A 991 represents a strategic effort to enhance the pipeline of future financial planners by leveraging the educational resources of the SUNY system. By establishing a pilot program, the bill seeks to address workforce needs in the financial planning industry while providing students with valuable career opportunities. The outcome of the bill will depend on its progress through the legislative process and the support it garners from stakeholders in education and finance.

Compiled from official sources — confirm details with the bill’s official record.

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