Sen. Cano’s consumer education for high school students bill passes the Senate

 

STATE HOUSE – Sen. Sandra Cano’s (D-Dist. 8, Pawtucket) legislation (2021-S 0349) which directs the Council on Elementary and Secondary Education, in consultation with the Rhode Island Department of Education, to develop and approve statewide academic standards for the instruction of consumer education in public high schools passed the Senate tonight.

“How can we expect our children to become financially successful adults if we do not teach them the core aspects of our financial system when they are in school?  This bill will ensure that our children leave the public school system with a firm and knowledgeable grasp on basic financial concepts that will help them succeed in their adult lives,” said Senator Cano.

“When we equip Rhode Island students with personal financial skills early on, we set them up for financial success in adulthood,” said General Treasurer Seth Magaziner, whose office requested the introduction of the bill. “I applaud the Rhode Island Senate - with dedicated leadership from Education Committee Chair Cano - for passing this bill into law, which will help ensure every student receives the personal financial instruction they need to make smart financial decisions and access economic opportunity throughout their lives.”

Topics in the instruction may include, but not necessarily be limited to, installment purchasing, budgeting, comparison of prices, credit and the law, employment and income, rights and responsibilities in the marketplace, money management, maintaining credit, saving, investing, protecting and insuring assets, and other personal finance or consumer economic topics of study.

Beginning with the graduating class of 2024, all students shall demonstrate proficiency in consumer education prior to graduating high school. 

Cosponsors of the legislation are Senators Thomas J. Paolino (R-Dist. 17, Lincoln, North Providence, North Smithfield); Walter S. Felag, Jr. (D-Dist. 10, Warren, Bristol, Tiverton); Dawn Euer (D-Dist. 13, Newport, Jamestown); Louis P. DiPalma (D-Dist. 12, Middletown, Little Compton, Newport, Tiverton); Hanna M. Gallo (D-Dist. 27, Cranston, West Warwick); Ryan W. Pearson (D-Dist. 19, Cumberland, Lincoln); Joshua Miller (D-Dist. 28, Cranston, Providence); Senate Majority Whip Maryellen Goodwin (D-Dist. 1, Providence); and Senate Majority Leader Michael J. McCaffrey (D-Dist. 29, Warwick).

The bill now heads to the House of Representatives for consideration.

 

-30-

For an electronic version of this and all press releases published by the Legislative Press and Public Information Bureau, please visit our website at www.rilegislature.gov/pressrelease.

 

Follow us on social media!

 

A new report claims the Trump administration secretly acquired "Washington Post" journalists' phone records last year. The newspaper says the Justice Department also tried getting email records in connection with reporting during the early part of the Trump White House. The agency sent three letters notifying them of toll records associated with phone numbers between April and July of 2017.        Governor Asa Hutchinson is ending supplemental unemployment assistance for Arkansas residents. He said today he has directed the Division of Workforce Services to stop its participation in the federal assistance plan after June 26th. Hutchinson says while the extra 300 dollars a month helped thousands of residents make it though a tough time, now they're needed back in the workforce as the state continues opening up.       White House COVID coordinator Jeff Zients [[ ZYE-entz ]] says the government is boosting efforts to convince hesitant Americans to get vaccinated, while also improving access to vaccinations. Meantime, White House COVID Advisor Andy Slavitt says one-hundred-ten million Americans are fully vaccinated against the coronavirus.       An election bill is headed back to the Texas Senate after being passed by the Texas House. Representatives signed off on the measure this afternoon following hours of debate. Republicans argue the bill brings about more transparency in elections, particularly involving poll watchers.       A political consultant for the Texas Agriculture Commissioner is under arrest for allegedly selling access to the licenses needed to grow hemp in the state. Production was legalized back in 2019, but only 15 licenses would be issued. Todd Smith, who has run the commissioner's political campaigns, was allegedly telling farmers that getting a hemp license would take a total of 150-thousand dollars in contributions.       A professional golfer is facing a dozen charges, accused of sending inappropriate messages to someone he thought was a teenage girl. Daniel Bowling was arrested yesterday. Orlando Police say Bowling was using the messaging platform AdChat to talk with an undercover cop pretending to be a minor and police say it only took a day for the messages to become sexually charged.