[Oafcs] Important information about Senate Bill 342 proposed new Financial Literacy requirements

[Paulins, Ann]

Dear OAFCS Members –

Sending this out on behalf of Candace Fox for wider knowledge/distribution… please share with your colleagues as appropriate.

From: Sandra Laurenson <laurenson1 at gmail.com<mailto:laurenson1 at gmail.com>>
Date: July 27, 2020 at 6:53:03 PM EDT

Subject: Senate Bill 342 proposed new Financial Literacy requirements
Hello All,

SB 342 (see below) was introduced last Thursday in the Ohio Senate. Committee assignment isn't online yet, but it's safe to assume that it will be either the Education Committee or the Finance Subcommittee on Primary and Secondary Education. I wonder what prompted it. Has FCS been involved?

For once, this is discovered early. If you have concerns, voice them - preferably with a united voice. It might also be an opportunity to amend Section 3313.603 (C)(7) [page 5] to make ". . or into the content of another class, . ." more explicit.  A couple quick observations:

[page 6] In developing the curriculum required by division (C)(9) of this section, schools may use available public-private partnerships and resources and materials that exist in business and industry. Broaden beyond business and industry?



[page 32] (B) To obtain a license validation in financial literacy, an individual shall hold a valid educator license issued under section 3319.22 or 3319.26 of the Revised Code, or a permanent teaching certificate issued under former law, and meet additional requirements adopted under rules by the state board of education.

(C) Prior to adopting rules under division (B) of this section, the state board shall establish and consult with an advisory committee of at least five classroom teachers. The classroom teachers shall include a representative of each of the following:

(1) The Ohio council of teachers of mathematics;
(2) The Ohio council for the social studies;
(3) The Ohio business educators association;
(4) The Ohio association of teachers of family and consumer sciences. 😉
Does every student need a semester of financial literacy? More than other possible electives? Is the original financial literacy requirement needed if the new course is required? What about the semester courses that now fulfil the original requirement which didn't mandate a full semester? I'm out of the FCS ed loop these days. These questions are just off the top of my head.


The bill's 2 primary sponsors are Republican as are 2 of the 3 co-sponsors. If you are a constituent of any of them, you could call their office for additional background. That would be your best bet, but I know an Akron area Democratic Senator I could contact once it's assigned to committee.



Sandra Laurenson

937 Trimble Place

Sagamore Hills, OH 44067

330-468-3955<tel:330-468-3955>

Laurenson1 at gmail.com<mailto:Laurenson1 at gmail.com>



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From: <MyOhiolegislature at lis.state.oh.us<mailto:MyOhiolegislature at lis.state.oh.us>>
Date: Thu, Jul 23, 2020 at 9:11 PM
Subject: My Ohio Legislature Notifications for July 23, 2020
To: <laurenson1 at gmail.com<mailto:laurenson1 at gmail.com>>

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My Ohio Legislature Notifications
Daily Email for July 23, 2020
133rd General Assembly, 2019-2020
Subject Tracking: Education:
SB 342<https://www.legislature.ohio.gov/legislation/legislation-summary?id=GA133-SB-342>  Senate  - Introduced
Relates to teaching financial literacy in high school
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V. Ann Paulins, Ph.D.
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The Gladys W. and David H. Patton College of Education
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