Bill Text: HI SB2602 | 2012 | Regular Session | Introduced
Bill Title: Youth Economic and Financial Management Literacy Education
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Introduced - Dead) 2012-01-23 - (S) Referred to EDU, WAM. [SB2602 Detail]
Download: Hawaii-2012-SB2602-Introduced.html
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THE SENATE |
S.B. NO. |
2602 |
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TWENTY-SIXTH LEGISLATURE, 2012 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO EDUCATION.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that financial education is a lifelong learning process that empowers individuals to plan for their futures. In the past, the educational system has assumed that students will learn important financial skills from their families. However, children are not being taught the financial skills they will need to be successful later in life.
The legislature also finds that lack of financial literacy poses a significant barrier for individuals seeking to achieve financial prosperity and stability. Personal financial education is essential to ensure that our youth are prepared to manage money, credit, and debt and to become responsible workers, heads of households, investors, entrepreneurs, business leaders, and citizens.
The legislature finds that it is of the utmost importance to educate Hawaii's youth in economic and financial matters to prepare them for financial independence through the development of fiscal responsibility and financial management skills.
The purpose of this Act is to direct the department of education to add a mandatory course in economic and financial management literacy to the existing public high school curriculum.
SECTION 2. Chapter 302A, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§302A- Youth economic and financial management literacy course. (a) The department shall establish and maintain an economic and financial management literacy course to be conducted at each public high school in the State as part of the social studies curriculum. The course content shall be based on national standards and the needs of Hawaii's children. The board shall develop the curriculum, materials, and guidelines necessary to implement the course.
(b) Every student, beginning with students entering the ninth grade in the 2012-2013 school year, shall be required to demonstrate economic and financial management literacy by successfully completing the course described in this section prior to the student's graduation from high school."
SECTION 3. Section 302A-1128, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) The department shall regulate the courses of study to be pursued in all grades of the public schools it establishes and operates, and classify them by methods the department deems proper; provided that:
(1) The course of study and instruction shall be regulated in accordance with the statewide performance standards established under section 302A-201;
(2) All pupils shall be progressively competent in
the use of computer technology; [and]
(3) The course of study and instruction for the first
twelve grades shall provide opportunities for all students to develop
competency in a language in addition to English[.]; and
(4) All pupils shall demonstrate economic and financial management literacy by successfully completing one semester of an economic and financial management literacy course as provided in section 302A- .
The department shall develop statewide educational policies and guidelines based on this subsection without regard to chapter 91.
For the purposes of this subsection, the terms
"progressively competent in the use of computer technology" and
"competency in a language in addition to English" shall be defined by
policies adopted by the board. The board shall formulate statewide educational
policies allowing the superintendent to exempt certain students from the
requirements of paragraphs (2) [and], (3), and (4) without
regard to chapter 91."
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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Report Title:
Youth Economic and Financial Management Literacy Education
Description:
Directs the department of education to add a mandatory economic and financial management literacy course to the public high school curriculum.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
