Wednesday, April 07, 2010
Financial Literacy Bill Moves to the House
The Maryland Senate recently passed legislation that would require Maryland schools to teach financial literacy. The Maryland Chamber supports the bill, SB 264, which passed by a vote of 46-1. The legislation will be heard in the House Ways & Means Committee today.
The bill would require each county school superintendent to annually certify to the State Superintendent of Schools that the Personal Financial Literacy Curriculum is being taught in the county. The legislation also urges the State Department of Education to consider requiring a measurement of financial literacy as a graduation requirement.
“It is important that young adults have financial literacy skills in order to successfully cope with credit, debt, and household finances,” Maryland Chamber President/CEO Kathy Snyder, CCE said. “With record numbers of foreclosures and personal bankruptcies, we must do more to encourage individuals to responsibly mange their finances. We believe this is a step in the right direction.”
For more information, contact Ron Wineholt at .(JavaScript must be enabled to view this email address).
Did this bill ever pass into law?