Bill Text: NY A05052 | 2025-2026 | General Assembly | Introduced

---

Bill Title: Requires high schools in grades nine through twelve to provide a course in financial literacy; requires students to complete such course as a condition of graduation.

Spectrum: Partisan Bill (Democrat 18-0)

Status: (Introduced) 2025-02-11 - referred to education [A05052 Detail]

Download: New_York-2025-A05052-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          5052

                               2025-2026 Regular Sessions

                   IN ASSEMBLY

                                    February 11, 2025
                                       ___________

        Introduced by M. of A. JACOBSON, TAYLOR, CRUZ, ZINERMAN, RAGA, SANTABAR-
          BARA,  LEVENBERG,  CUNNINGHAM, VANEL, WOERNER, EPSTEIN, HUNTER, GIBBS,
          REYES, MEEKS, R. CARROLL, RAMOS, SHIMSKY -- read once and referred  to
          the Committee on Education

        AN ACT to amend the education law, in relation to requiring high schools
          to  provide  a  course in financial literacy and requiring students to
          complete such course as a condition of graduation

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1. The education law is amended by adding a new section 802-b
     2  to read as follows:
     3    § 802-b. Instruction relating to financial literacy.  1.  The  commis-
     4  sioner  is hereby directed to provide and prescribe a course of instruc-
     5  tion on financial literacy for  high  school  students  in  grades  nine
     6  through  twelve  which shall include, but not be limited to the teaching
     7  of personal budgeting, wages and  taxes,  self-employment,  savings  and
     8  investments  (stocks, bonds and mutual funds), debt management, checking
     9  accounts, credit cards, credit scores, saving for education and  retire-
    10  ment,  insurance,  rights and obligations as a tenant, basic concepts on
    11  borrowing including the purchasing of automobiles  and  homes,  benefits
    12  and drawbacks of leasing and/or purchasing of automobiles, and the bene-
    13  fits and drawbacks of renting and/or purchasing a home. The course shall
    14  be  taught on a pass/fail basis and shall not affect the student's grade
    15  point average.
    16    2. School authorities shall provide the needed  facilities,  time  and
    17  place  for  the  instruction set forth in this section and shall provide
    18  learning aids and curriculum  resource  materials  which  contribute  to
    19  effective teaching methods and learning.
    20    3.  As  a  condition  of  graduation from high school, a student shall
    21  attend and pass the course on  financial  literacy;  provided,  however,
    22  that  with  respect to students who have individual education plans, the

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00708-01-5
        A. 5052                             2

     1  completion of such course shall not be a requirement for  graduation  if
     2  it  is not specifically included as a requirement in the student's indi-
     3  vidual education plan recommended by the school  district  committee  on
     4  the  handicapped  and  such  student  is a student with a disability, as
     5  defined in section forty-four hundred one of this chapter.
     6    § 2. This act shall take effect on the first of July  next  succeeding
     7  the date on which it shall have become a law.