Senate BillIntroduced
S 677: Requires the commissioner of education to develop and adopt instruction in financial and insurance literacy for students in grades nine through twelve.
What S 677 does, verified August 18, 2026
The bill aims to establish instruction in financial and insurance literacy in New York's secondary schools. The Commissioner will develop curriculum standards for this instruction, which must be completed by students in grades 9-12. A half-credit course in financial and insurance literacy will be required for graduation, covering core competencies such as money management, investment, and personal insurance policies. The instruction may be integrated into existing coursework or provided as a separate unit of study, with the option for local school boards to use state-appropriated funding. The instruction will take effect immediately, with the goal of educating students on essential financial and insurance literacy skills.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO EDUCATION (2026-01-07)Alert me
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO EDUCATION |
| Jan. 08, 2025 | REFERRED TO EDUCATION |
Latest bill textIntroduced version, January 8, 2025 · 317 words
STATE OF NEW YORK ________________________________________________________________________ 677 2025-2026 Regular Sessions IN SENATE (Prefiled) January 8, 2025 ___________ Introduced by Sen. MARTINEZ -- read twice and ordered printed, and when printed to be committed to the Committee on Education AN ACT to amend the education law, in relation to establishing instruc- tion in financial and insurance literacy The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The education law is amended by adding a new section 819 to 2 read as follows: 3 § 819. Instruction in financial and insurance literacy. 1. The commis- 4 sioner shall develop and adopt curriculum standards for instruction in 5 financial and insurance literacy to be completed by students enrolled in 6 secondary school. Upon the effective date of this section, each local 7 board of education shall require all students in grades nine through 8 twelve, as a condition of graduation, to complete at least a half-credit 9 course in financial and insurance literacy which implements the minimum 10 course of instruction standards established pursuant to this section. 11 2. Such standards shall include but not be limited to instruction in 12 core competencies of money management and investment and basic princi- 13 ples of personal insurance policies and retirement planning. Such 14 instruction may be provided in the context of existing coursework 15 offered by a local school system and shall be eligible to count toward a 16 mathematics, social studies or elective unit of credit requirement for 17 graduation. Subject to state-appropriated funding, local school boards 18 may provide a unit of study related to financial and insurance literacy 19 separate from existing coursework. 20 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00337-01-5
Text of S 677 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions