SB 647 — An Act amending the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, in terms and courses of study, further providing for Economic Education and Personal Financial Literacy Programs; in credit card marketing, further providing for regulation of on-campus credit card marketing; and abrogating regulations.

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625625, 690 PRINTER'S NO.

690729 THE GENERAL ASSEMBLY OF PENNSYLVANIA SENATE BILL Session of No.

WARD, MASTRIANO, DILLON, ROTHMANROTHMAN, BROOKS AND BROOKS,HAYWOOD, APRIL 21, 2023 SENATORAS ARGALL,AMENDED EDUCATION,ON ASTHIRD AMENDED,CONSIDERATION, MAY 2,8, 2023 AN ACT Amending the act of March 10, 1949 (P.L.30, No.14), entitled "An act relating to the public school system, including certain provisions applicable as well to private and parochial schools;

The department shall review and update its existing resource information asfollowing <--completion necessaryof nothe laterreview thanof the beginningState ofstandards under the 2024-2025State schoolBoard year.of Education's standards under paragraph (2) (ii).

FOLLOWING(2) COMPLETIONProvide OFfor THEthe REVIEWdistribution, OFincluding THEthrough STATEthe STANDARDSdepartment's <--Internet UNDERwebsite, THEto STATEschool BOARDentities OF[or] EDUCATION'Sand STANDARDSprivate, UNDERnonpublic, PARAGRAPHelementary (2)(II).or secondary schools in this Commonwealth, [teacher] of model curriculum materials and other available resources, including economic education partnership programs, on economic education and personal financial literacy, including the basic principle involved with earning, spending, saving and investing money.

(2)The Provide for the distribution, including through the department's Internet website, to school entities [or] AND <-- private, nonpublic, elementary or secondary schools in this Commonwealth, [teacher] of model curriculum materials andshall otheralign availablewith resources,and includingcomplement economicexisting educationState partnershipstandards programs,for on[Economics, economicFamily education and personalConsumer financialScience, literacy,and includingCareer theEducation basicand principleWork] involvedpersonal withfinancial earning,literacy spending,as savingset andforth investingin money.22 Pa.

TheCode modelCh. curriculum materials shall align with and complement existing State standards for [Economics, Family and Consumer Science, and Career Education <-- and Work] PERSONAL FINANCIAL LITERACY as set forth in 22 Pa.

<-- Code Ch.

(i) The department shall review and update its existing model curriculum materials and other available resources as necessary no later than the beginning of the 2024-2025 2025-2026 <-- school year and within one year after any revision of the State standards under subparagraph (ii).

(ii) The State Board of Education shall,shall within five (5) <-- years of the effective date of this subparagraph, review the existing State standards for Economics, Family and Consumer Science, and Career Education and Work as set forth in 22 Pa.

4 and revise the standards as necessary byto regulationimplement <-- in accordance with the actprovisions of Junethis 25,subarticle. 1982 (P.L.633, No.181), 20230SB0647PN0690 - 2 - known as the "Regulatory Review Act." TO IMPLEMENT THE <-- PROVISIONS OF THIS SUBARTICLE.

(3) Identify and recognize Commonwealth schools that implement exemplary economic and economic education and personal 20230SB0647PN0729 - 2 - financial literacy curricula at each benchmark as set forth in existing State standards for Economics, Family and Consumer Science, and Career Education and Work as set forth in 22 Pa.

(b.1) (1) Beginning with the 2025-2026 2026-2027 school <-- year and in each school year thereafter, a school entity or nonpublic school shall provide a mandatory course in personal financial literacy with a value of at least one-half credit or half of a full credit.

A student's individualized education planprogram PROGRAM may provide for <-- accommodations to enable the student to complete the course required under paragraph (1).

(3) The department shall develop ORor IDENTIFYidentify a model <-- curriculum and a list of education materials which a school 20230SB0647PN0690 - 3 - entity or nonpublic school may use in providing the course required under paragraph (1).

The department shall consult with multiple organizations specializing in financial literacy education in developing the model curriculum and educational 20230SB0647PN0729 - 3 - materials.

The department may update existing model curriculum materials IFif NECESSARYnecessary and other available resources under <-- subsection (a) as necessary to comply with this paragraph and shall update the existing model curriculum materials and other available resources within one year of the date of revision of the State standards under subsection (a)(2)(ii).

(6) Nothing in this subsection shall supersede or preempt any provision of a collective bargaining agreement in effect <-- before, on or after the effective date of this paragraph between a school entity and an exclusive representative of the employes under the act of July 23, 1970 (P.L.563, No.195), known as the 20230SB0647PN0690 - 4 - "Public Employe Relations Act." *BETWEEN *A *SCHOOL (f)ENTITY TheAND followingAN words<-- andEMPLOYE phrasesORGANIZATION. when used in this section shall have the meanings given to them in this subsection:

* * * (f) The following words and phrases when used in this 20230SB0647PN0729 - 4 - section shall have the meanings given to them in this subsection:

20230SB0647PN0690 - 5 - Section 2.

Regulation of On-Campus Credit Card 20230SB0647PN0729 - 5 - Marketing.--The board shall require an institution of higher education to establish a policy that regulates the marketing of credit cards on campus.

In establishing the policy, the institution of higher education shall, FORfor STUDENTSstudents ENTERINGentering INin <--the THE 2024-2025 SCHOOLschool YEAR,year, incorporate into orientation programming presentations on credit card debt education and money management skills for students.

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