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Legislation watch
2009 House Bill 1347: regarding financial education
Introduced by Rep. Sharon Tomiko Santos (Seattle) (D) on January 19, 2009
Changes the name of the financial literacy public-private partnership to the financial education public-private partnership; and modifies its duties. Official Text and Analysis.
Referred to the House Education Committee on January 19, 2009
Referred to the House Ways & Means Committee on February 11, 2009
Substitute offered in the House on February 27, 2009
To require the State Board of Eduction by July 1, 2010,to include personal financial education as part of high school graduation requirements. The content must be based on the JumpStart Coalition standards and could be completed in a number of courses.
The substitute passed by voice vote in the House on February 27, 2009
Referred to the House Rules Committee on March 2, 2009
Received in the Senate on March 11, 2009
Referred to the Senate Early Learning & K-12 Education Committee on March 11, 2009
Amendment offered in the Senate on March 27, 2009
To remove the requirements that the JumpStart Coalition National Standards must be adopted as the essential academic learning requirements for financial education. School districts are no longer encouraged to adopt the standards voluntarily even if funds are not appropriated. Requires the school districts that participate in the four demonstration projects to adopt the JumpStart Coalition National Standards in K-12 personal finance education as the EALRs for financial education and to provide students with an opportunity to master the standards. Clarifies that the selected districts must report the findings of the demonstration projects to OSPI as well as the Legislature by April 30, 2011.
The amendment failed by voice vote in the Senate on March 27, 2009
Referred to the Senate Ways & Means Committee on March 27, 2009
Amendment offered in the Senate on April 17, 2009
Adds a null and void clause.
The amendment passed by voice vote in the Senate on April 17, 2009
Referred to the Senate Rules Committee on April 6, 2009
Received in the House on April 21, 2009
Signed by Gov. Christine Gregoire on May 11, 2009
Reconstitutes the Financial Literacy Public-Private Partnership as the Financial Education Public-Private Partnership, including new members and responsibilities for improving financial education in public schools through communicating standards, reviewing curriculum, and promoting professional development. Authorizes the Office of the Superintendent of Public Instruction and the Financial Education Public-Private Partnership to implement demonstration projects if funds are provided.