HOUSE OF REPRESENTATIVES	H.B. NO.	2557
THIRTY-SECOND LEGISLATURE, 2024
STATE OF HAWAII

A BILL FOR AN ACT

relating to education.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Chapter 302A, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§302A-    Financial literacy; curriculum; public schools. (a) The department shall develop and, beginning with the 2024‑2025 school year, implement a financial literacy curriculum within the social studies course of study for public school students in kindergarten through twelfth grade.

(b) The financial literacy curriculum required pursuant to subsection (a) shall include but not be limited to:

(1) Fundamentals of banking for personal use, including but not limited to savings and checking;

(2) Principles of budgeting and personal finance;

(3) Employment and understanding factors that affect net income;

(4) Uses and effects of credit, including the relation of debt and interest to credit;

(5) Uses and costs of loans, including student loans;

(6) Types and costs of insurance;

(7) Forms of governmental taxation;

(8) Principles of investing and building wealth;

(9) Identity theft and security;

(10) Planning and paying for postsecondary education; and

(11) Charitable giving.

(c) Instruction in the financial literacy curriculum shall be grade and age appropriate for the following grade levels:

(1) Kindergarten through fifth grade;

(2) Sixth grade through eighth grade; and

(3) Ninth grade through twelfth grade."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.

INTRODUCED BY:

_____________________________

Report Title:

Department of Education; Financial Literacy

Description:

Requires the Department of Education to develop and, beginning with the 2024-2025 school year, implement a financial literacy curriculum for grades kindergarten through twelfth grade.

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.