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Legislation and Policies Related to Financial Education in Pennsylvania

The Pennsylvania Jump$tart Coalition offers the following links (current as of November 2019) to legislation related to financial education in Pennsylvania. While the coalition has not taken a position on these bills, members of the board and/or partner organizations are available to answer questions and offer feedback to members of the legislature or press. To connect with the coalition, kindly send us a message.

2019-2020 Legislative Session

(Click on the bill number to view detailed information and the current status of each bill.)

Act 91 (Formerly House Bill 49)

Prime Sponsor: Representative Brown

An Act amending the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, in high schools, further providing for courses of study. This act authorizes local education agencies (i.e. school districts) to grant credit for graduation to students who take a course in personal finance (even as an elective). The credit may be awarded as business, family and consumer science, math, or social studies. This decision is left to the local school district. Additional guidance is expected to be issued by the department of education in the near future. The act was signed into law on November 27, 2019, by Governor Tom Wolf.

House Bill 267

Prime Sponsor: Representative Driscoll

An Act amending the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, in terms and courses of study, further providing for subjects of instruction and flag code and for economic education and personal financial literacy programs, providing for personal finance instruction and for capstone course in personal finance as graduation requirement and establishing the Personal Finance Education Fund; and making an appropriation.

Senate Bill 723

Prime Sponsor: Senator Laughlin

An Act amending the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, in high schools, further providing for courses of study.

Senate Bill 59

Prime Sponsor: Senator A. Williams

An Act amending the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, in terms and courses of study, further providing for subjects of instruction and flag code and for economic education and personal financial literacy programs, providing for personal finance instruction and for capstone course in personal finance as graduation requirement; establishing the Personal Finance Education Fund; and making an appropriation.

 

Academic Standards

Personal finance topics are found in the following Pennsylvania Academic Standards: