NORTHVILLE TOWNSHIP, Mich. (6/4/08)--A league-backed bill that promotes and permits financial literacy among the options of courses eligible to fulfill math requirements under Michigan's revised curriculum standards has cleared the state Senate. According to the Michigan Credit Union League, the Senate unanimously approved S.B. 834 on May 13. The league had provided testimony in support of the measure before the Senate Education Committee (Michigan Monitor June 2). The bill has been referred to the House Education Committee, said the league. During the vote, State Sen. Michael Switalski (D-Roseville) said the bill would help position financial literacy as a valuable and popular course for students. The current level of bankruptcies, foreclosures and savings rates testify to just how valuable a financial literacy course would be, he said.