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Thursday, May 21, 2015

Washington Governor Signs Bill Incorporating Financial Education into K-12 Standards

On May 8, 2015, Washington Governor Jay Inslee signed into law Substitute Senate Bill 5202, making Washington State one of only 20 other states requiring financial education incorporation into existing K-12 learning requirements.

Originally sponsored by Senators Mullet, Fain, Litzow, Billig, Frockt, Keiser, and Habib, the bill – now Chapter 211, Laws of 2015 – also authorizes the Financial Education Public Private Partnership (FEPPP), chaired by Representative Sharon Tomiko Santos, to “seek federal and private funds to support the school districts in providing access to the materials listed pursuant to section 4(1) of this act, as well as related professional development opportunities for certificated staff.”

“It’s so important that our children receive integrated financial education in their classrooms,” DFI Director Scott Jarvis said. “Having financial education from an early age provides a solid foundation to help them make smart money choices throughout their lives – it’s one of the reasons why DFI is supporting a financial education pilot program in daycare pre-schools this year."

View Bill Details