Florida Senate - 2017 SENATOR AMENDMENT Bill No. CS for CS for HB 293 Ì468430ÇÎ468430 LEGISLATIVE ACTION Senate . House . . . Floor: WD/2R . 05/04/2017 07:52 PM . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— Senator Stargel moved the following: 1 Senate Amendment (with title amendment) 2 3 Between lines 192 and 193 4 insert: 5 Section 4. Sections 5 and 6 of this act may be cited as the 6 “Dorothy L. Hukill Financial Literacy Education Act.” 7 Section 5. Paragraph (d) of subsection (2) of section 8 1003.41, Florida Statutes, is amended, and paragraph (f) is 9 added to that subsection, to read: 10 1003.41 Next Generation Sunshine State Standards.— 11 (2) Next Generation Sunshine State Standards must meet the 12 following requirements: 13 (d) Social Studies standards must establish specific 14 curricular content for, at a minimum, geography, United States 15 and world history, government, civics, humanities, and 16 economics, including financial literacy. Financial literacy 17 includes the knowledge, understanding, skills, behaviors, 18 attitudes, and values that will enable a student to make 19 responsible and effective financial decisions on a daily basis. 20 Financial literacy instruction shall be an integral part of 21 instruction throughout the entire economics course and include 22 information regarding earning income; buying goods and services; 23 saving and financial investing; taxes; the use of credit and 24 credit cards; budgeting and debt management, including student 25 loans and secured loans; banking and financial services; 26 planning for one’s financial future, including higher education 27 and career planning; credit reports and scores; and fraud and 28 identity theft prevention. The requirements for financial 29 literacy specified under this paragraph do not apply to students 30 entering grade 9 in the 2017-2018 school year and thereafter. 31 (f) Effective for students entering grade 9 in the 2017 32 2018 school year and thereafter, financial literacy standards 33 must establish specific curricular content for, at a minimum, 34 personal financial literacy and money management. Financial 35 literacy includes instruction in the areas specified in s. 36 1003.4282(3)(h). 37 Section 6. Paragraphs (d) and (g) of subsection (3) of 38 section 1003.4282, Florida Statutes, are amended, and paragraph 39 (h) is added to that subsection, to read: 40 1003.4282 Requirements for a standard high school diploma.— 41 (3) STANDARD HIGH SCHOOL DIPLOMA; COURSE AND ASSESSMENT 42 REQUIREMENTS.— 43 (d) Three credits in social studies.—A student must earn 44 one credit in United States History; one credit in World 45 History; one-half credit in economics, which must include 46 financial literacy; and one-half credit in United States 47 Government. The United States History EOC assessment constitutes 48 30 percent of the student’s final course grade. However, for a 49 student entering grade 9 in the 2017-2018 school year or 50 thereafter, financial literacy is not a required component of 51 the one-half credit in economics. 52 (g)
EightCredits in Electives.—School districts must 53 develop and offer coordinated electives so that a student may 54 develop knowledge and skills in his or her area of interest, 55 such as electives with a STEM or liberal arts focus. Such 56 electives must include opportunities for students to earn 57 college credit, including industry-certified career education 58 programs or series of career-themed courses that result in 59 industry certification or articulate into the award of college 60 credit, or career education courses for which there is a 61 statewide or local articulation agreement and which lead to 62 college credit. A student entering grade 9 before the 2017-2018 63 school year must earn eight credits in electives. A student 64 entering grade 9 in the 2017-2018 school year or thereafter must 65 earn seven and one-half credits in electives. 66 (h) One-half credit in personal financial literacy. 67 Beginning with students entering grade 9 in the 2017-2018 school 68 year, each student shall earn one-half credit in personal 69 financial literacy and money management. This instruction must 70 include discussion of or instruction in the following: 71 1. Types of bank accounts offered, opening and managing a 72 bank account, and assessing the quality of a depository 73 institution’s services. 74 2. Balancing a checkbook. 75 3. Basic principles of money management, such as spending, 76 credit, credit scores, and managing debt, including retail and 77 credit card debt. 78 4. Completing a loan application. 79 5. Receiving an inheritance and related implications. 80 6. Basic principles of personal insurance policies. 81 7. Computing federal income taxes. 82 8. Local tax assessments. 83 9. Computing interest rates by various mechanisms. 84 10. Simple contracts. 85 11. Contesting an incorrect billing statement. 86 12. Types of savings and investments. 87 13. State and federal laws concerning finance. 88 89 ================= T I T L E A M E N D M E N T ================ 90 And the title is amended as follows: 91 Delete line 12 92 and insert: 93 an appropriation; providing a short title; amending s. 94 1003.41, F.S.; revising the requirements for the Next 95 Generation Sunshine State Standards to include 96 financial literacy; amending s. 1003.4282, F.S.; 97 revising the required credits for a standard high 98 school diploma to include one-half credit of 99 instruction in personal financial literacy and money 100 management and seven and one-half, rather than eight, 101 credits in electives; providing an effective date.