BILL ANALYSIS Ó
SENATE COMMITTEE ON APPROPRIATIONS
Senator Ricardo Lara, Chair
2015 - 2016 Regular Session
AB 2546 (Calderon) - Pupil instruction: history-social science
curriculum framework: financial literacy
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|Version: April 7, 2016 |Policy Vote: ED. 5 - 1 |
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|Urgency: No |Mandate: No |
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|Hearing Date: August 1, 2016 |Consultant: Jillian Kissee |
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This bill does not meet the criteria for referral to the
Suspense File.
Bill
Summary: This bill requires the Instructional Quality
Commission (Commission), during the next revision of the
history-social science framework, to consider including
specified information on financial literacy at least twice in
three grade spans.
Fiscal
Impact:
Any costs related to this bill are not likely to be incurred
for a number of years. Some of the topics prescribed in this
bill are already included in the adopted history-social
AB 2546 (Calderon) Page 1 of
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science framework. The next curriculum framework revision is
not expected until 2024 which will likely be based on updated
content standards incorporating some additional of topics
included in this bill. General Fund costs for considering
topics not already addressed are unknown, but are anticipated
to be minor.
Background: Academic content standards define the knowledge, concepts, and
skills that students should acquire at each grade level.
Curriculum frameworks provide guidance for implementing the
content standards. The Commission is responsible for advising
the State Board of Education on matters related to curriculum
and instruction. Curriculum frameworks are developed by the
Commission in a process that includes multiple focus group
meetings, framework committee and subject matter expert
committee meetings, and multiple opportunities for public
comment.
Existing law requires in the next revision of curriculum
frameworks in the social sciences, health, and mathematics
curricula, the State Board of Education to ensure that these
academic areas integrate components of various financial
literacy topics, including financial literacy, including, but
not limited to, budgeting and managing credit, student loans,
consumer debt, and identity theft security. Content on
financial literacy has been integrated into the mathematics
framework and will also be included in the health framework when
it is revised. The history-social science framework was adopted
by the State Board of Education on July 14, 2016 and includes
these topics and it also includes an elective course for grade
nine on financial literacy.
According to the author, "Even though the draft history-social
science framework that the Instructional Quality Commission is
in the process of finalizing includes basic economic concepts in
early elementary grades and a semester long economics course in
grade 12, financial literacy should be included throughout a
student's educational career."
Proposed Law:
AB 2546 (Calderon) Page 2 of
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This bill requires the Commission, during the next revision of
the history-social science framework, to consider including
information on financial literacy that includes all of the
following:
Fundamentals of banking for personal use;
Principles of budgeting and personal finance;
Employment and factors that affect net income;
Uses and costs of credit and loans;
Types and costs of insurance;
Forms of governmental taxation;
Principles of investing and building wealth;
Identity theft and security;
Planning and paying for college; and
Charitable giving.
Also, the Commission is required to consider including
age-appropriate content on these topics at least twice in each
of the following grade spans: kindergarten and grades one to
five; grades six to eight; and grades nine to 12.
Staff
AB 2546 (Calderon) Page 3 of
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Comments: This bill requires the Commission to consider
including specified financial literacy information when the
history-social science curriculum framework is revised after
January 1, 2017. The State Board of Education recently adopted
the framework on July 14, 2016. Updates to curriculum
frameworks typically occur on an eight year cycle which would
make the next revision to the history-social science curriculum
framework scheduled for 2024, contingent upon funding provided.
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