Nine-year-old student Roberto Nieves Fernandez studies personal finance topics on his laptop using online resource center SmartPath.

Florida is poised to become the largest state to make a financial literacy course mandatory for high school graduation.

The Florida Senate on Friday unanimously passed SB 1054 and sent it to the state House of Representatives, which also passed it without any opposition on Tuesday. The measure was sponsored by Sen. Travis Hutson and Rep. Demi Busatta Cabrera, both Republicans. It also had bipartisan support from 35 co-sponsors.

The bill will be sent to Florida Gov. Ron DeSantis, a Republican, for his signature.

“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,” said Jimmy Patronis, Florida’s chief financial officer, in a Tuesday statement. “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.”

When the bill is signed into law, Florida will become the largest state so far to mandate at least one semester of personal finance education, according to Next Gen Personal Finance, a nonprofit. The legislation will require students entering ninth grade in the 2023-2024 school year to take a half-credit course in personal finance or money management before they graduate.

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