Maine LD 417: An Act Regarding Measures To Ensure Students Can Demonstrate Proficiency in Financial Literacy

LD 417 (subjects: EDUCATION DEPT , POWERS )

Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=417&PID=1456&snum=127


Sponsors | Actions | Bill Text & Amendments | Patterns of Support


Sponsors

Principal Sponsor: Rep. Matthew Pouliot of Augusta: (R – District 86) — e-mail | Twitter | Facebook

5 Cosponsors:

Actions

Chamber

Action
2/12/2015 House Committee on Education and Cultural Affairs suggested and ordered printed.
The Bill was REFERRED to the Committee on EDUCATION AND CULTURAL AFFAIRS.
Sent for concurrence. ORDERED SENT FORTHWITH.
2/12/2015 Senate On motion by Senator Langley of Hancock, REFERRED to the Committee on Education and Cultural Affairs, in concurrence.
4/9/2015 House CONSENT CALENDAR – FIRST DAY
4/14/2015 House Committee on Bills in the Second Reading Reports no further verbal amendments necessary Representative McLEAN of Gorham, Chair, House of Representatives Report Accepted.
CONSENT CALENDAR – SECOND DAY.
The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment “A” (H-50).
Sent for concurrence. ORDERED SENT FORTHWITH.
4/16/2015 Senate Report READ and ACCEPTED , in concurrence.
READ ONCE
Committee Amendment “A” (H-50) READ and ADOPTED , in concurrence.
ASSIGNED FOR SECOND READING NEXT LEGISLATIVE DAY.
4/21/2015 Senate COMMITTEE ON BILLS IN THE SECOND READING REPORTS NO FURTHER VERBAL AMENDMENTS NECESSARY, Senator Saviello, Senate Chair. REPORT ACCEPTED.
READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment “A” (H-50), in concurrence.
Ordered sent down forthwith.
4/23/2015 House PASSED TO BE ENACTED.
Sent for concurrence. ORDERED SENT FORTHWITH.
4/28/2015 Senate PASSED TO BE ENACTED, in concurrence.

Bill Text & Amendments

Important Note: The bill text below presents L.D. 417 as originally introduced. L.D. 417 was changed by the legislature through amendment. To understand the impact of this legislation in proper context, be sure to read adopted amendment text, available here: C-A (H-50) C-A (H-50) .

An Act Regarding Measures To Ensure Students Can Demonstrate Proficiency in Financial Literacy

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 20-A MRSA 254, sub- 13, as enacted by PL 2011, c. 154, 1, is amended to read:

13. Technical assistance; integrated model for instruction in personal finance. The commissioner shall develop a program of technical assistance that promotes the importance of financial literacy and encourages school administrative units to implement an integrated model for instruction in personal finance that may be used in secondary schools as part of the instruction in social studies or mathematics required by section 4722, subsection 2, paragraphs B and C. The commissioner, in consultation with the Finance Authority of Maine, the Office of Securities within the Department of Professional and Financial Regulation, Jobs for Maine’s Graduates, organizations representing banks, credit unions and financial professionals and other interested organizations promoting personal finance initiatives, shall prepare and distribute annually, in January, a report to school boards and superintendents that includes strategies and resources available to implement an integrated model for instruction in personal finance for use in secondary schools. The annual report must also be provided to the joint standing committee of the Legislature having jurisdiction over education matters, and the department shall post the report on its publicly accessible website. The commissioner shall also develop methods to measure students’ proficiency in financial literacy for those students taking part in financial literacy education pursuant to this subsection in order to help ensure those students can demonstrate proficiency prior to graduation.

Sec. 2. Report; legislation. In developing methods to measure students’ proficiency in financial literacy pursuant to the Maine Revised Statutes, Title 20-A, section 254, subsection 13, the Commissioner of Education may consider benchmarks such as those outlined in the Council for Economic Education’s “National Standards for Financial Literacy” and a passport to financial literacy model such as that described in the Oklahoma State Department of Education’s “Making $en$e: Financial Success for Oklahoma Students.” The commissioner shall report to the Joint Standing Committee on Education and Cultural Affairs on the methods and any suggested legislation by January 13, 2016. The joint standing committee may report out a bill related to the commissioner???s report to the Second Regular Session of the 127th Legislature.

summary

This bill directs the Commissioner of Education to develop methods to measure students’ proficiency in financial literacy for those students taking part in financial literacy education pursuant to the Maine Revised Statutes, Title 20-A, section 254, subsection 13 in order to help ensure they can demonstrate proficiency prior to graduation. The Commissioner of Education shall submit by January 13, 2016 a report on the measures and any suggested legislation to the Joint Standing Committee on Education and Cultural Affairs, which may report out a bill to the Second Regular Session of the 127th Legislature.

Patterns of Support

Pattern of Cosponsorship by Region:

Pattern of Cosponsorship by Gender:

Pattern of Cosponsorship by Party:

Pattern of Cosponsorship by Campaign Finance Classification:

Note: Maine Clean Elections Act (MCEA) Qualified candidates only accept a small dollar value of initial contributions early in their campaigns, pledge not to accept further campaign contributions from private sources, and receive public funding for their campaigns. MCEA Non-Qualified candidates choose not to obtain public funding and instead are free to accept campaign contributions from individuals, party committees, political action committees and business sources.


This information about LD 417 was last updated on 2016-05-12.
The Open Maine Politics website is in a beta release and results should not be taken as definitive. Please visit the official website of the Maine State Legislature for entirely verifiable information.

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