Bill would require financial literacy credit in PA high schools

Milford. The bill sponsored by Rep. Rosemary Brown passed the House and is headed for the Senate. It would also return arrest powers to school police officers.

02 Dec 2019 | 01:45

Pennsylvania Rep. Rosemary Brown (R-Monroe/Pike) wants public high schools to include financial literacy in their curriculum.

She announced in late November that her financial literacy graduation credit requirements legislation, House Bill 49, is awaiting Senate approval after passing the House, 161-37.

"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," Brown said. "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.”

She said the house bill she sponsored would allow public schools the discretion to determine the graduation credit requirement.

"I encourage parents and guardians to discuss with their children financial literacy coursework and how they can work it into their schedule before graduation," Brown said.

The legislation would also amend the school code based on the feedback from schools.

In addition, Brown said, House Bill 49 returns arrest powers to school police officers, amends training deadlines, extends the Higher Education Commission reporting deadline, and provides specifics when a student seeks a fostering independence waiver.

If the Senate approves the bill, it will then head to the governor’s desk.

“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," Brown said. "I am thankful for the bipartisan support I have received to get this bill to the finish line."

"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.” -- PA Rep. Rosemary Brown