CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 423Introduced by Assembly Member VoepelFebruary 04, 2021 An act to add and repeal Section 51226.8 of the Education Code, relating to pupil instruction. LEGISLATIVE COUNSEL'S DIGESTAB 423, as introduced, Voepel. Pupil instruction: financial literacy.Existing law requires each pupil completing grade 12 to satisfy certain requirements as a condition of receiving a diploma of graduation from high school. These requirements include the completion of designated coursework in grades 9 to 12, inclusive, including completion of a one-semester course in economics.This bill would require the State Department of Education to implement, commencing with the 202223 school year, a financial literacy pilot program. The bill, under the pilot program, would authorize a school district or charter school to voluntarily incorporate a financial literacy program into a course, for pupils in grade 11 or 12, offered by the local educational agency. The bill would require the department to submit a report with findings on the pilot program to the Legislature on or before January 1, 2026.This bill would make these provisions inoperative on June 30, 2026, and would repeal it as of January 1, 2028.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 51226.8 is added to the Education Code, to read:51226.8. (a) As used in this section, local educational agency means a school district or charter school.(b) Commencing with the 202223 school year, the department shall implement a financial literacy pilot program. Under the pilot program, a local educational agency may incorporate a financial literacy program into an appropriate course, for pupils in grade 11 or 12, that satisfies a requirement in paragraph (1) of subdivision (a) of Section 51225.3. The financial literacy program shall include classroom instruction that highlights budgeting, savings, debt, investments, and appropriate materials determined by the department. A local educational agencys participation in the pilot program is voluntary.(c) (1) On or before January 1, 2026, the department shall submit a report to the Legislature with findings on the pilot program.(2) The report submitted pursuant to paragraph (1) shall be submitted in compliance with Section 9795 of the Government Code.(d) This section does not supersede the requirements of Section 51225.3.(e) This section shall become inoperative on June 30, 2026, and, as of January 1, 2028, is repealed.
CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 423Introduced by Assembly Member VoepelFebruary 04, 2021 An act to add and repeal Section 51226.8 of the Education Code, relating to pupil instruction. LEGISLATIVE COUNSEL'S DIGESTAB 423, as introduced, Voepel. Pupil instruction: financial literacy.Existing law requires each pupil completing grade 12 to satisfy certain requirements as a condition of receiving a diploma of graduation from high school. These requirements include the completion of designated coursework in grades 9 to 12, inclusive, including completion of a one-semester course in economics.This bill would require the State Department of Education to implement, commencing with the 202223 school year, a financial literacy pilot program. The bill, under the pilot program, would authorize a school district or charter school to voluntarily incorporate a financial literacy program into a course, for pupils in grade 11 or 12, offered by the local educational agency. The bill would require the department to submit a report with findings on the pilot program to the Legislature on or before January 1, 2026.This bill would make these provisions inoperative on June 30, 2026, and would repeal it as of January 1, 2028.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO
CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION
Assembly Bill
No. 423
Introduced by Assembly Member VoepelFebruary 04, 2021
Introduced by Assembly Member Voepel
February 04, 2021
An act to add and repeal Section 51226.8 of the Education Code, relating to pupil instruction.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 423, as introduced, Voepel. Pupil instruction: financial literacy.
Existing law requires each pupil completing grade 12 to satisfy certain requirements as a condition of receiving a diploma of graduation from high school. These requirements include the completion of designated coursework in grades 9 to 12, inclusive, including completion of a one-semester course in economics.This bill would require the State Department of Education to implement, commencing with the 202223 school year, a financial literacy pilot program. The bill, under the pilot program, would authorize a school district or charter school to voluntarily incorporate a financial literacy program into a course, for pupils in grade 11 or 12, offered by the local educational agency. The bill would require the department to submit a report with findings on the pilot program to the Legislature on or before January 1, 2026.This bill would make these provisions inoperative on June 30, 2026, and would repeal it as of January 1, 2028.
Existing law requires each pupil completing grade 12 to satisfy certain requirements as a condition of receiving a diploma of graduation from high school. These requirements include the completion of designated coursework in grades 9 to 12, inclusive, including completion of a one-semester course in economics.
This bill would require the State Department of Education to implement, commencing with the 202223 school year, a financial literacy pilot program. The bill, under the pilot program, would authorize a school district or charter school to voluntarily incorporate a financial literacy program into a course, for pupils in grade 11 or 12, offered by the local educational agency. The bill would require the department to submit a report with findings on the pilot program to the Legislature on or before January 1, 2026.
This bill would make these provisions inoperative on June 30, 2026, and would repeal it as of January 1, 2028.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 51226.8 is added to the Education Code, to read:51226.8. (a) As used in this section, local educational agency means a school district or charter school.(b) Commencing with the 202223 school year, the department shall implement a financial literacy pilot program. Under the pilot program, a local educational agency may incorporate a financial literacy program into an appropriate course, for pupils in grade 11 or 12, that satisfies a requirement in paragraph (1) of subdivision (a) of Section 51225.3. The financial literacy program shall include classroom instruction that highlights budgeting, savings, debt, investments, and appropriate materials determined by the department. A local educational agencys participation in the pilot program is voluntary.(c) (1) On or before January 1, 2026, the department shall submit a report to the Legislature with findings on the pilot program.(2) The report submitted pursuant to paragraph (1) shall be submitted in compliance with Section 9795 of the Government Code.(d) This section does not supersede the requirements of Section 51225.3.(e) This section shall become inoperative on June 30, 2026, and, as of January 1, 2028, is repealed.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 51226.8 is added to the Education Code, to read:51226.8. (a) As used in this section, local educational agency means a school district or charter school.(b) Commencing with the 202223 school year, the department shall implement a financial literacy pilot program. Under the pilot program, a local educational agency may incorporate a financial literacy program into an appropriate course, for pupils in grade 11 or 12, that satisfies a requirement in paragraph (1) of subdivision (a) of Section 51225.3. The financial literacy program shall include classroom instruction that highlights budgeting, savings, debt, investments, and appropriate materials determined by the department. A local educational agencys participation in the pilot program is voluntary.(c) (1) On or before January 1, 2026, the department shall submit a report to the Legislature with findings on the pilot program.(2) The report submitted pursuant to paragraph (1) shall be submitted in compliance with Section 9795 of the Government Code.(d) This section does not supersede the requirements of Section 51225.3.(e) This section shall become inoperative on June 30, 2026, and, as of January 1, 2028, is repealed.
SECTION 1. Section 51226.8 is added to the Education Code, to read:
### SECTION 1.
51226.8. (a) As used in this section, local educational agency means a school district or charter school.(b) Commencing with the 202223 school year, the department shall implement a financial literacy pilot program. Under the pilot program, a local educational agency may incorporate a financial literacy program into an appropriate course, for pupils in grade 11 or 12, that satisfies a requirement in paragraph (1) of subdivision (a) of Section 51225.3. The financial literacy program shall include classroom instruction that highlights budgeting, savings, debt, investments, and appropriate materials determined by the department. A local educational agencys participation in the pilot program is voluntary.(c) (1) On or before January 1, 2026, the department shall submit a report to the Legislature with findings on the pilot program.(2) The report submitted pursuant to paragraph (1) shall be submitted in compliance with Section 9795 of the Government Code.(d) This section does not supersede the requirements of Section 51225.3.(e) This section shall become inoperative on June 30, 2026, and, as of January 1, 2028, is repealed.
51226.8. (a) As used in this section, local educational agency means a school district or charter school.(b) Commencing with the 202223 school year, the department shall implement a financial literacy pilot program. Under the pilot program, a local educational agency may incorporate a financial literacy program into an appropriate course, for pupils in grade 11 or 12, that satisfies a requirement in paragraph (1) of subdivision (a) of Section 51225.3. The financial literacy program shall include classroom instruction that highlights budgeting, savings, debt, investments, and appropriate materials determined by the department. A local educational agencys participation in the pilot program is voluntary.(c) (1) On or before January 1, 2026, the department shall submit a report to the Legislature with findings on the pilot program.(2) The report submitted pursuant to paragraph (1) shall be submitted in compliance with Section 9795 of the Government Code.(d) This section does not supersede the requirements of Section 51225.3.(e) This section shall become inoperative on June 30, 2026, and, as of January 1, 2028, is repealed.
51226.8. (a) As used in this section, local educational agency means a school district or charter school.(b) Commencing with the 202223 school year, the department shall implement a financial literacy pilot program. Under the pilot program, a local educational agency may incorporate a financial literacy program into an appropriate course, for pupils in grade 11 or 12, that satisfies a requirement in paragraph (1) of subdivision (a) of Section 51225.3. The financial literacy program shall include classroom instruction that highlights budgeting, savings, debt, investments, and appropriate materials determined by the department. A local educational agencys participation in the pilot program is voluntary.(c) (1) On or before January 1, 2026, the department shall submit a report to the Legislature with findings on the pilot program.(2) The report submitted pursuant to paragraph (1) shall be submitted in compliance with Section 9795 of the Government Code.(d) This section does not supersede the requirements of Section 51225.3.(e) This section shall become inoperative on June 30, 2026, and, as of January 1, 2028, is repealed.
51226.8. (a) As used in this section, local educational agency means a school district or charter school.
(b) Commencing with the 202223 school year, the department shall implement a financial literacy pilot program. Under the pilot program, a local educational agency may incorporate a financial literacy program into an appropriate course, for pupils in grade 11 or 12, that satisfies a requirement in paragraph (1) of subdivision (a) of Section 51225.3. The financial literacy program shall include classroom instruction that highlights budgeting, savings, debt, investments, and appropriate materials determined by the department. A local educational agencys participation in the pilot program is voluntary.
(c) (1) On or before January 1, 2026, the department shall submit a report to the Legislature with findings on the pilot program.
(2) The report submitted pursuant to paragraph (1) shall be submitted in compliance with Section 9795 of the Government Code.
(d) This section does not supersede the requirements of Section 51225.3.
(e) This section shall become inoperative on June 30, 2026, and, as of January 1, 2028, is repealed.