H627
An Act relative to the strengthening of financial literacy throughout the commonwealth
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- Passed House
- Passed Senate
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- Became Law
Bill overview
This bill aims to improve financial literacy across Massachusetts by establishing a financial literacy trust fund. The Department of Elementary and Secondary Education would be authorized to create and manage this fund. The goal is to provide resources and support for financial education programs in schools and communities throughout the state. This legislation builds upon previous efforts to promote financial literacy.
Key provisions
- Establishes a financial literacy trust fund.
- Authorizes the Department of Elementary and Secondary Education to manage the fund.
- Intends to provide resources for financial education programs.
- No specific funding sources are detailed in the text.
- Related bills H.4670 and H.636 are associated with this legislation.
Who is affected
- Students in Massachusetts public schools
- Families in Massachusetts
- The Department of Elementary and Secondary Education
- Financial education providers
Notable changes
- Builds on previous legislation like H.3347, which established a similar trust fund.
- Relates to existing efforts to improve financial literacy in the state.
- The bill is currently amended and linked to H4670.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Jr. John J. Lawn
Cosponsors
Arguments in favor
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Bill H.627 194th (Current)
An Act relative to the strengthening of financial literacy throughout the commonwealth
By Representative Lawn of Watertown, a petition (accompanied by bill, House, No. 627) of John J. Lawn, Jr., for legislation to authorize the department of elementary and secondary education to establish the financial literacy trust fund. Education.
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Bill Information
Bill Information
Presenter: John J. Lawn, Jr.
Tabs
Bill History Amendments Petitioners Committee Vote
Bill History
Displaying 12 actions for Bill H.627
| Date | Branch | Action |
| 2/27/2025 | House | Referred to the committee on Education |
| 2/27/2025 | Senate | Senate concurred |
| 9/2/2025 | Joint | Hearing scheduled for 09/16/2025 from 11:00 AM-5:00 PM in Gardner Auditorium |
| 10/23/2025 | House | Accompanied by H594 and H636 |
| 10/23/2025 | House | Bill reported favorably by committee and referred to the committee on Rules of the two branches, acting concurrently |
| 10/23/2025 | House | Committee recommended ought to pass and referred to the committee on House Ways and Means |
| 10/29/2025 | House | Committee recommended ought to pass with an amendment, substituting therefor a bill, see H4670 |
| 10/29/2025 | House | Referred to the committee on House Steering, Policy and Scheduling with the amendment pending |
| 10/29/2025 | House | Committee reported that the matter be placed in the Orders of the Day for the next sitting for a second reading with the amendment pending |
| 10/29/2025 | House | Rules suspended |
| 10/29/2025 | House | Read second, amended (as recommended by the committee on House Ways and Means) |
| 10/29/2025 | House | New draft substituted, see H4670 |
Similar Bills
H.4670 194th (Current)
An Act relative to personal financial literacy education
H.3347 187th (2011 - 2012)
An Act establishing a financial literacy trust fund
S.1337 188th (2013 - 2014)
to provide further revenue to the Financial Literacy Trust Fund
S.381 192nd (2021 - 2022)
An Act requiring financial education in schools
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