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HB 342 Kentucky House · 2025 Regular Session

AN ACT relating to financial literacy.

Summary
Amend KRS 158.1411 to require one credit in financial literacy during the eleventh or twelfth grade for students entering grade nine during or after the 2026-2027 school year; direct minimum topics to be covered in the course; direct that the financial literacy course be accepted as a math, social studies, or elective course graduation requirement; require the Department of Education, in collaboration with the Kentucky Financial Empowerment Commission, to determine which courses meet the financial literacy course requirement.
Issues: ✓ EducationSupports EducationMandates financial literacy course for grades 11-12, expanding curriculum standards and educational requirements in K-12 schools.95% confidence
Bill status signed all 5 stages cleared
Introduction
Feb 2025
Committee Review
Mar 2025
House Passage
Mar 2025
Senate Passage
Mar 2025
Signed into Law
Mar 2025
Introduced Feb 5, 2025 Signed Mar 24, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Current/Final · 5 edits
MODERATE
This bill updates the financial literacy graduation requirement to apply to all students entering 9th grade on or after July 1, 2025, and expands the course requirements to include budgeting, insurance, taxes, document review, and cursive writing. The bill also clarifies that the course counts as an elective and establishes clearer roles for local schools, the state Board of Education, and the Department of Education in developing and implementing the curriculum standards.
Scope change
The bill's scope remains focused on financial literacy graduation requirements, but it now explicitly applies to students in early graduation programs and clarifies that the course satisfies elective requirements.
REQUIREMENT

Added cursive writing and document review as required components of the financial literacy course curriculum.

Changed the course to be accepted as an elective course requirement for graduation rather than just a math, social studies, or elective requirement.

Added a new subsection requiring the Department of Education to identify qualifying courses through the uniform academic course codes system.

ELIGIBILITY

Confirmed the graduation requirement applies to students in early graduation programs under KRS 158.142.

ENFORCEMENT

Updated the roles of local superintendents, school councils, and principals in determining course offerings and curriculum alignment.

Floor votes · House Mar 4, 2025

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
28
Key actions
10
Committee
9
Mar 24, 2025
Signed into law
signed by Governor (Acts Ch. 58)
lower
Mar 14, 2025
Upper · Passed
enrolled, signed by President of the Senate
upper
Mar 14, 2025
Lower · Passed
enrolled, signed by Speaker of the House
lower
Mar 14, 2025
Lower · Passed
passed 89-0
lower
Mar 14, 2025
Lower · Passed
House concurred in Senate Committee Substitute (1)
lower
Mar 14, 2025
Lower · Passed
posted for passage for concurrence in Senate Committee Substitute (1)
lower
Mar 14, 2025
Committee
to Rules (H)
lower
Mar 14, 2025
Lower · Passed
3rd reading, passed 36-0 with Committee Substitute (1)
lower
Mar 13, 2025
Lower · Passed
reported favorably, to Rules with Committee Substitute (1)
lower
Mar 7, 2025
Committee
to Education (S)
upper
Mar 5, 2025
Committee
to Committee on Committees (S)
upper
Mar 4, 2025
Lower · Passed
3rd reading, passed 98-0
lower
Feb 26, 2025
Lower · Passed
reported favorably, 1st reading, to Calendar
lower
Feb 7, 2025
Committee
to Primary and Secondary Education (H)
lower
Feb 5, 2025
Committee
to Committee on Committees (H)
lower
Feb 5, 2025
Introduced
introduced in House
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.