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Bill

Bill

A 5052

Requires high schools to provide a course in financial literacy and requires students to complete such course as a condition of graduation

2025 Regular Session Introduced by Robert Carroll and 20 co-sponsors

Bill A 5052 mandates high schools to offer a financial literacy course, requiring students to complete it for graduation, enhancing their financial skills for adulthood.

REFERRED TO EDUCATION
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Bill Summary · A 5052

Summary of Bill A 5052

Bill Overview

  • Bill Number: A 5052
  • Title: Requires high schools to provide a course in financial literacy and requires students to complete such course as a condition of graduation
  • Status: Referred to Education Committee
  • Introduced On: February 11, 2025
  • Classification: Bill

Purpose and Intent

The primary aim of Bill A 5052 is to enhance the financial literacy of high school students by mandating the inclusion of a financial literacy course in the curriculum. This initiative is designed to equip students with essential skills for managing personal finances, understanding credit, budgeting, and making informed financial decisions, thereby preparing them for adulthood and future financial responsibilities.

Key Provisions

  • Mandatory Financial Literacy Course:

    • High schools will be required to offer a course focused on financial literacy.
    • The course will cover fundamental topics such as budgeting, saving, investing, credit management, and understanding loans and interest rates.

  • Graduation Requirement:

    • Completion of the financial literacy course will be a prerequisite for high school graduation.

  • Implementation Timeline:

    • The bill does not specify an implementation date; however, schools will need to prepare to integrate this course into their existing curriculum.

Affected Parties

  • Students: All high school students will be required to complete the financial literacy course to graduate, impacting their educational experience and preparation for financial independence.

  • High Schools: Educational institutions will need to develop or adapt existing curricula to include financial literacy, which may require additional resources, training for teachers, and potential adjustments to scheduling.

  • Parents and Guardians: Families may benefit from the increased financial knowledge of students, potentially leading to better financial decision-making within households.

Related Legislation

  • Prior Session Bills:

    • A 7220: A related bill from a previous session that may address similar educational requirements.
    • A 2298: Another prior session bill that could have implications for educational standards or requirements.

  • Companion Bill:

    • S 94: A companion bill in the Senate that aligns with the objectives of A 5052, indicating bipartisan support for financial literacy education.

Conclusion

Bill A 5052 represents a significant step toward improving financial literacy among high school students, aiming to prepare them for the financial challenges of adulthood. By making financial literacy a graduation requirement, the bill seeks to foster a generation of informed consumers and responsible financial decision-makers. The bill is currently under review by the Education Committee, and its future will depend on legislative discussions and potential amendments.

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

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