TALLAHASSEE, Fla. – Today, Florida Chief Financial Officer (CFO) Jimmy Patronis issued the following statement on the House’s passage of Senate Bill 1054, sponsored by Senator Hutson. This proposal will require that Florida high school students earn at least one-half credit of instruction in financial literacy or money management and will teach students about banking practices, money management, credit scores, managing debt, loan applications, insurance policies and local tax assessments.

CFO Jimmy Patronis said, “It is critical we set Florida students up for financial success and this legislation will ensure vital financial literacy resources are available to students before graduation. Financial literacy is an important key to a strong financial future and learning the basics of credit, budgeting, savings, and investing, can further prepare students for a successful future. These lessons are also critical to training future generations of Americans to appreciate America’s capitalist system and grow our nation’s pool of entrepreneurs. Thank you to Senator Hutson and Representative Busatta Cabrera for their hard work on getting this legislation passed and setting students up for success in and out of the classroom.”