House Bill 49, legislation that would require a financial literacy graduation credit at state high schools, is currently waiting for Senate concurrence before moving to Gov. Tom Wolf’s desk for signature.
The bill also amends the school code to provide specifics when a student seeks a fostering independence waiver, extends the Higher Education Commission reporting deadline, returns arrest powers to school police officers, and amends training deadlines.
These changes were based on feedback from schools.
“I have been advocating for financial literacy education policy for the past six years and have worked diligently supporting financial reality fairs and more in the district. I am thankful for the bipartisan support I have received to get this bill to the finish line,” Rep. Rosemary Brown (R-Monroe/Pike), who introduced the bill, said. “Having the ability to gain basic knowledge and understanding of financial resources is crucial for our children today so they have the education to help them with real-world decisions. This legislation acts as an incentive for students to take financial literacy credits by allowing the coursework to satisfy a graduation requirement for social studies, family and consumer science, mathematics or business education.”