House Passes Bill to Establish
Financial Responsibility Courses in High Schools
(STATEHOUSE) Feb. 25, 2009 - The Indiana House of Representatives passed House Bill 1581 which would require both public and nonpublic high schools to have mandatory personal finance responsibility curriculum.
Though this bill was authored by Rep. Greg Porter (D-Indianapolis), co-author Rep. Matt Bell (R-Avilla) has been working on this legislation for four years.
"Young adults need to learn financial responsibility, especially in times like we are experiencing now," said Rep. Bell. "This is necessary for these students to learn how to protect their money and prepare for their future."
The Indiana Department of Education would be required to develop guidelines for the personal financial responsibility curriculum. A school will be required to make a new course, establish a seminar or integrate the material into current courses offered to meet the new course load requirements.
All Indiana high school students must take and pass the established financial responsibility courses in order to receive a high school diploma.
House Bill 1581 will next be considered by the Senate.