SF 139 (LSB 1524SV (1) 88)

SENATE FILE 139

BY  COMMITTEE ON EDUCATION

(SUCCESSOR TO SSB 1029)

A BILL FOR

An Act relating to a financial literacy requirement under the state’s educational standards. 
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 256.11, subsection 5, paragraph k, unnumbered paragraph 1, as enacted by 2018 Iowa Acts, chapter 1119, section 20, as amended by 2018 Iowa Acts, chapter 1163, section 10, is amended to read as follows:
   One-half unit of personal finance literacy. All students, beginning with the students in the 2022-2023 school year graduating class, shall complete at least one-half unit of personal finance literacy as a condition of graduation.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill establishes that the requirement that all high school students enrolled in school districts and accredited nonpublic schools take a one-half unit course in personal finance literacy, as a condition of graduation, commences with the students in the 2022-2023 school year graduating class.