AB 423

Bill Subjects

Abstract

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 2022–23 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.