Senate Passes McColley Bill on Boosting Student Financial Literacy

COLUMBUS—State Senator Rob McColley (R-Napoleon) today announced that the Ohio Senate passed Senate Bill 1. S.B. 1, sponsored by McColley, would require students to take a financial literacy course in order to graduate high school. "Financial literacy should be something that everyone understands on a fundamental level because we all use these concepts daily," said McColley. "There are few things we could do to better prepare our young people for success than ensuring they have basic financial literacy." The bill would modify the state minimum curriculum to require students entering ninth grade for the first time on or after July 1, 2021 to take one-half unit of financial literacy instruction. The legislation would also require teachers to obtain a license validation in order to teach financial literacy, ensuring the curriculum is consistent and teaching best practices. Senate Bill 1 will now go to the Ohio House of Representatives for further consideration. To learn more about Senate Bill 1, click here.