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CFO Jimmy Patronis: Financial Literacy Bill Passes House, Headed to the Governor

3/8/2022

For Immediate Release: Tuesday, March 8, 2022
Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842

CFO Jimmy Patronis: Financial Literacy Bill Passes House, Headed to the Governor   
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.”

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About CFO Jimmy Patronis 
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).