PHOENIX–A financial literacy bill here has been sent to the governor for his signature.
In addition to the bill passed by the legislature, a financial literacy resolution has also cleared the state Senate.
SB 1442, which was introduced by Arizona Senate Majority Leader Kimberly Yee, is now awaiting Gov. Doug Ducey to sign it into law. The bill would allow a school district to require students to pass a personal finance class in order to graduate from high school. It also directs the State Board of Education to create a program that will recognize students that graduate high school with a high level of proficiency in personal finance, according to the Mountain West Credit Union Association.
“Because of Senator Yee’s leadership, SB 1442 will teach more students in Arizona to become better stewards of their own finance,” said Austin De Bey, VP of legislative affairs for the Mountain West Credit Union Association. “We applaud the senator’s longtime commitment toward financial literacy and the Mountain West Credit Union Association was proud to support the bill.”
In addition, Yee introduced and read SCR 1024 on the Senate floor to proclaim that the Arizona legislature is committed to increasing financial education and personal financial management for individuals in various life stages as well as recognize all organizations in Arizona that promote financial literacy.
The MWCUA reported that during the reading of the resolution, Yee publicly acknowledged credit unions as being among the important groups that are committed to financial literacy advocacy. The resolution was unanimously adopted by the Senate and sent to the House.