Senate Approves Changes to Financial Literacy Bill
October 8, 2021
Bill Reineke News
COLUMBUS—The Ohio Senate this week unanimously voted to concur with House changes to Senate Bill 1, legislation to better educate high school students on financial literacy, equipping them with the basic financial skills to be successful in life.
"Senate Bill 1 ensures our students are best prepared for their future. Whether they choose a college, trade school, the military or immediately enter the workforce, a solid understanding of finances will set these young Ohioans up for success," said State Senator Bill Reineke (R-Tiffin), who co-sponsored the bill.
Specifically, Senate Bill 1 would require high school students to take a one-half credit course specifically devoted to financial literacy from teachers who are properly trained in the subject matter. This applies to students entering ninth grade for the first time on or after July 1, 2022.
An amendment was included to provide additional flexibility for schools during the 2021-2022 school year to hire a person to work as a substitute teacher who does not have a post-secondary degree but meets the district’s educational requirements, is of good moral character and successfully completes a criminal background check.
Senate Bill 1 will now be sent to the Governor for a signature.
"Senate Bill 1 ensures our students are best prepared for their future. Whether they choose a college, trade school, the military or immediately enter the workforce, a solid understanding of finances will set these young Ohioans up for success," said State Senator Bill Reineke (R-Tiffin), who co-sponsored the bill.
Specifically, Senate Bill 1 would require high school students to take a one-half credit course specifically devoted to financial literacy from teachers who are properly trained in the subject matter. This applies to students entering ninth grade for the first time on or after July 1, 2022.
An amendment was included to provide additional flexibility for schools during the 2021-2022 school year to hire a person to work as a substitute teacher who does not have a post-secondary degree but meets the district’s educational requirements, is of good moral character and successfully completes a criminal background check.
Senate Bill 1 will now be sent to the Governor for a signature.