Florida Senate - 2018 SENATOR AMENDMENT
Bill No. CS for HB 7055
Ì768184DÎ768184
LEGISLATIVE ACTION
Senate . House
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Floor: WD/2R .
03/02/2018 04:21 PM .
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Senator Simmons moved the following:
1 Senate Amendment to Amendment (734058) (with title
2 amendment)
3
4 Between lines 3057 and 3058
5 insert:
6 Section 22. Paragraph (d) of subsection (2) of section
7 1003.41, Florida Statutes, is amended and paragraph (f) is added
8 to that subsection, to read:
9 1003.41 Next Generation Sunshine State Standards.—
10 (2) Next Generation Sunshine State Standards must meet the
11 following requirements:
12 (d) Social Studies standards must establish specific
13 curricular content for, at a minimum, geography, United States
14 and world history, government, civics, humanities, and
15 economics, including financial literacy. Financial literacy
16 includes the knowledge, understanding, skills, behaviors,
17 attitudes, and values that will enable a student to make
18 responsible and effective financial decisions on a daily basis.
19 Financial literacy instruction shall be an integral part of
20 instruction throughout the entire economics course and include
21 information regarding earning income; buying goods and services;
22 saving and financial investing; taxes; the use of credit and
23 credit cards; budgeting and debt management, including student
24 loans and secured loans; banking and financial services;
25 planning for one’s financial future, including higher education
26 and career planning; credit reports and scores; and fraud and
27 identity theft prevention. The requirements for financial
28 literacy specified under this paragraph do not apply to students
29 entering grade 9 in the 2018-2019 school year and thereafter.
30 (f) Effective for students entering grade 9 in the 2018
31 2019 school year and thereafter, financial literacy standards
32 must establish specific curricular content for, at a minimum,
33 personal financial literacy and money management. Financial
34 literacy includes instruction in the areas specified in s.
35 1003.4282(3)(h).
36 Section 23. Paragraphs (d) and (g) of subsection (3) of
37 section 1003.4282, Florida Statutes, are amended, and paragraph
38 (h) is added to that subsection, to read:
39 1003.4282 Requirements for a standard high school diploma.—
40 (3) STANDARD HIGH SCHOOL DIPLOMA; COURSE AND ASSESSMENT
41 REQUIREMENTS.—
42 (d) Three credits in social studies.—A student must earn
43 one credit in United States History; one credit in World
44 History; one-half credit in economics, which must include
45 financial literacy; and one-half credit in United States
46 Government. The United States History EOC assessment constitutes
47 30 percent of the student’s final course grade. However, for a
48 student entering grade 9 in the 2018-2019 school year or
49 thereafter, financial literacy is not a required component of
50 the one-half credit in economics.
51 (g) Eight Credits in Electives.—School districts must
52 develop and offer coordinated electives so that a student may
53 develop knowledge and skills in his or her area of interest,
54 such as electives with a STEM or liberal arts focus. Such
55 electives must include opportunities for students to earn
56 college credit, including industry-certified career education
57 programs or series of career-themed courses that result in
58 industry certification or articulate into the award of college
59 credit, or career education courses for which there is a
60 statewide or local articulation agreement and which lead to
61 college credit. A student entering grade 9 before the 2018-2019
62 school year must earn eight credits in electives. A student
63 entering grade 9 in the 2018-2019 school year or thereafter must
64 earn seven and one-half credits in electives.
65 (h) One-half credit in personal financial literacy.
66 Beginning with students entering grade 9 in the 2018-2019 school
67 year, each student shall earn one-half credit in personal
68 financial literacy and money management. This instruction must
69 include discussion of or instruction in the following:
70 1. Types of bank accounts offered, opening and managing a
71 bank account, and assessing the quality of a depository
72 institution’s services.
73 2. Balancing a checkbook.
74 3. Basic principles of money management, such as spending,
75 credit, credit scores, and managing debt, including retail and
76 credit card debt.
77 4. Completing a loan application.
78 5. Receiving an inheritance and related implications.
79 6. Basic principles of personal insurance policies.
80 7. Computing federal income taxes.
81 8. Local tax assessments.
82 9. Computing interest rates by various mechanisms.
83 10. Simple contracts.
84 11. Contesting an incorrect billing statement.
85 12. Types of savings and investments.
86 13. State and federal laws concerning finance.
87
88 ================= T I T L E A M E N D M E N T ================
89 And the title is amended as follows:
90 Delete line 4844
91 and insert:
92 program providers; amending s. 1003.41, F.S.; revising
93 the requirements for the Next Generation Sunshine
94 State Standards to include financial literacy;
95 amending s. 1003.4282, F.S.; revising the required
96 credits for a standard high school diploma to include
97 one-half credit of instruction in personal financial
98 literacy and money management and seven and one-half,
99 rather than eight, credits in electives; amending s.
100 1003.44, F.S.;