Florida Senate - 2018                          SENATOR AMENDMENT
       Bill No. CS for HB 7055
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                 Floor: WD/2R          .                                
             03/02/2018 04:21 PM       .                                

       Senator Simmons moved the following:
    1         Senate Amendment to Amendment (734058) (with title
    2  amendment)
    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.—
   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.
   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.;