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MDDCCUA testifies for financial literacy bill
ANNAPOLIS, Md. (3/10/09)--The Maryland and District of Columbia Credit Union Association (MDDCCUA) testified March 4 before a Maryland State Senate committee in support of a bill that would require developing a financial literacy curriculum for Prince George's County schools. Senate Bill 500, sponsored by state Sen. Anthony Muse (D-Prince George's), would require the county's board of education to develop curriculum content for a financial literacy course and require high school students to complete a financial literacy course to graduate from high school (FOCUS Newsletter March 9). During his testimony before the Senate Education Health and Environmental Affairs Committee, Brian Tate, MDDCCUA vice president of legislative affairs, expressed the association's strong support for financial literacy. "In today's complex society, an understanding of basic financial concepts is essential as today's students become tomorrow's consumers," Tate told the committee. Sen. Muse told the committee that financial literacy education is "essential" for young people to learn and that it is necessary to help them navigate a complicated financial landscape. He is also a member of the Governor's Task Force on Financial Literacy. Also testifying were representatives from the Maryland Coalition on Financial Literacy, the Maryland Bankers Association and two high schools.
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