Gov Signs Financial Literacy Education Bill

Thursday, 16 May 2024 16:39

Gov Signs Financial Literacy Education Bill Featured

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OKLAHOMA CITY – Legislation adding a financial literacy course to high school graduation requirements has been signed into law.

House Bill 2158 was authored by Rep. Dick Lowe, R-Amber, who said empowering students to take control of their finances starts with education.

"Requiring students to master financial literacy before graduating isn't just about balancing budgets," Lowe said. "It's about laying a good foundation as they begin the next chapter of their lives by equipping them with the tools they need to navigate financial decisions thoughtfully."

The measure requires students to complete 1/2 unit of personal financial literacy coursework in the 10th, 11th or 12th grade. The coursework may be integrated into an existing class or taught on its own. HB2158 outlines certain topics to be taught, including retirement planning, investing, online banking features and credit scores.

"I proudly signed HB 2158 into law because students need these crucial financial literacy skills to thrive in their lives and careers," said Governor Kevin Stitt. "I’m proud of Representative Lowe for introducing this important piece of legislation, and I’m excited for the doors this opens for Oklahoma students."

"Housing is a basic human right, and homeownership is a dream for many," said Bryan Hutchinson, CEO of the Oklahoma Association of REALTORS®️. "Putting financial literacy tools into our students' hands is key to making the next generation of homeowners a reality. This bill better prepares Oklahoma’s students to navigate the pathway to homeownership and creates the foundation for financial responsibility. The Oklahoma Association of REALTORS®️ was pleased to support HB 2158, and our 14,000 members sincerely thank Representative Dick Lowe and Senator Brenda Stanley for prioritizing this legislation."

HB2158 was authored in the Senate by Sen. Brenda Stanley, R-Midwest City.

"In addition to ensuring Oklahoma students receive a quality education, we must provide them with tools for success as they transition into adulthood," Stanley said. "It was an honor to work with Representative Lowe on this legislation that ensures young adults in our state are introduced to budgeting, investing, retirement planning, credit scores, home ownership, and other subjects related to personal finances. I appreciate the governor for signing this measure that ensures the next generation is empowered to make wise financial decisions following the completion of this graduation requirement."

HB2158 will take effect July 1, 2025.

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