Massachusetts S423: An Act relative to student financial literacy

What the bill says

From the introduced text, February 27, 2025:

SECTION 1. Section 1Q of Chapter 69 of the General Laws, as so appearing, is hereby amended by striking paragraph (b) and replacing it with the following:- (b) A school district, charter school, approved private day or residential school or collaborative school shall incorporate the financial literacy standards established pursuant to section 1D and subsection (a) into existing curriculum including, but not limited to, mathematics, history and social sciences, technology or business. SECTION 2. Chapter 71 of the General Laws is hereby amended by adding the following new section:- Section 98. (a) In all public schools, financial literacy shall be taught as required subjects to promote an understanding of personal finances and financial stability. Instruction shall include (i) loans; (ii) interest and interest accrual; (iii) credit card debt; (iv) online commerce; (v) rights and responsibilities of renting or buying a home; (vi) saving, investing and planning for retirement; (vii) the role of banking and financial services; (viii) balancing a checkbook; (ix) state and federal taxes; (x) charitable giving; (xi) evaluating media content, including online content, that relates to personal finance matters; and (xii) saving, investing and planning for higher education or professional training. SECTION 3. The department may apply for federal, state or other funding, including funding available through the Economic Empowerment Trust Fund established pursuant to section 35QQ of …

Read the full official text

Sponsors

• Patrick O'Connor (R, First Plymouth and Norfolk) · primary sponsor
• Tarr, Andrew (D, 5th Essex)
• Patrick Kearney (D, 4th Plymouth)
• John Marsi (R, 6th Worcester)
• Patricia Jehlen (D, Second Middlesex)

Latest actions

1. July 30, 2026: Accompanied a study order, see S3238
2. July 2, 2026: Reporting date extended to Friday July 31, 2026
3. September 2, 2025: Hearing scheduled for 09/16/2025 from 11:00 AM-5:00 PM in Gardner Auditorium
4. February 27, 2025: House concurred
5. February 27, 2025: Referred to the committee on Education

Common questions

What is S423?

S423 is a bill in the Massachusetts Legislature (194th General Court): An Act relative to student financial literacy.

What is the status of S423?

Failed as of July 30, 2026. Latest action: Accompanied a study order, see S3238 (July 30, 2026).

Who sponsored S423?

Patrick O'Connor (R, First Plymouth and Norfolk), with 4 co-sponsors.

Where is the official record for S423?

On the Massachusetts Legislature website: https://malegislature.gov/Bills/194/S423