H-1054

   Amend House File 327 as follows:
   1.  Page 8, line 1, after <internet> by inserting <except as otherwise provided in section 256.43 or in rules adopted by the state board of education pursuant to section 256.7, subsection 32>
   2.  By striking page 15, line 8, through page 16, line 24, and inserting: 
   <Sec. ___.  Section 256.11, subsection 5, paragraph k, Code 2023, is amended to read as follows:
   k.  (1)  One-half unit of personal finance literacy, which may be offered and taught through dedicated units of coursework or through units of coursework that also meet the requirements of the coursework required under paragraph “a”, “b”, “c”, “d”, “e”, or “h”. All students, beginning with the students in the 2020-2021 school year graduating class, shall complete at least one-half unit of personal finance literacy as a condition of graduation.
   (1)  The personal financial literacy curriculum shall, at a minimum, address all of the following:
   (a)  Savings, including emergency fund, purchases, and wealth building.
   (b)  Understanding investments, including compound and simple interest, liquidity, diversification, risk return ratio, certificates of deposit, money market accounts, single stocks, bonds, mutual funds, rental real estate, annuities, commodities, and futures.
   (c)  Wealth building and college planning, including long-term and short-term investing using tax-favored plans, individual retirement accounts and payments from such accounts, employer-sponsored retirement plans and investments, public and private educational savings accounts, and uniform gifts and transfers to minors.
   (d)  Credit and debt, including credit cards, payday lending, rent-to-own transactions, debt consolidation, automobile leasing, cosigning a loan, debt avoidance, and the marketing of debt, especially to young people.
   (e)  Consumer awareness of the power of marketing on buying decisions including zero percent interest offers; marketing methods, including product positioning, advertising, brand recognition, and personal selling; how to read a credit report and correct inaccuracies; how to build a credit score; how to develop a plan to deal with creditors and avoid bankruptcy; and the federal Fair Debt Collection Practices Act, codified at 15 U.S.C. §1692 – 1692p.
   (f)  Financial responsibility and money management, including creating and living on a written budget and balancing a checkbook; basic rules of successful negotiating and techniques; and personality or other traits regarding money.
   (g)  Insurance, risk management, income, and career decisions, including career choices that fit personality styles and occupational goals, job search strategies, cover letters, resumes, interview techniques, payroll taxes and other income withholdings, and revenue sources for federal, state, and local governments.
   (h)  Different types of insurance coverage including renters, homeowners, automobile, health, disability, long-term care, identity theft, and life insurance; term life, cash value and whole life insurance; and insurance terms such as deductible, stop loss, elimination period, replacement coverage, liability, and out-of-pocket.
   (i)  Buying, selling, and renting advantages and disadvantages relating to real estate, including adjustable rate, balloon, conventional, government-backed, reverse, and seller-financed mortgages.
   (2)  (a)  One-half unit of personal finance literacy may count as one-half unit of social studies in meeting the requirements of paragraph “b”, though the teacher providing personal finance literacy coursework that counts as one-half unit of social studies need not hold a social studies endorsement.
   (b)  Units of coursework that meet the requirements of any combination of coursework required under paragraphs paragraph “a”, “b”, “c”, “d”, “e”, or “h” and incorporate the curriculum required under subparagraph (1) shall be deemed to satisfy the offer and teach requirements of this paragraph “k” and a student who completes such units shall be deemed to have met the graduation requirement of this paragraph “k”.>
   3.  By striking page 17, line 3, through page 20, line 19.
   4.  Title page, by striking lines 6 through 8 and inserting <to teach certain courses, and required courses in school districts and accredited nonpublic schools, and authorizing school districts to>
   5.  By renumbering as necessary.

______________________________
JOHNSON of Buchanan