This bill mandates that the State Board of Education require school districts to incorporate age-appropriate financial literacy instruction into the curriculum for students in grades kindergarten through five. The instruction must cover essential topics such as budgeting, savings, credit, debt, banking, and consumer skills, tailored to the developmental level of the students. Additionally, the bill stipulates that the Commissioner of Education will provide school districts with sample instructional materials and resources to aid in the implementation of this financial literacy education.

The legislation expands the current requirement, which only mandates financial literacy instruction for students in grades six through eight, thereby introducing financial education at an earlier stage in a child's education. The bill is set to take effect immediately and will first apply to the full school year following its enactment.