HBA-JEK H.C.R. 246 77(R) BILL ANALYSIS Office of House Bill AnalysisH.C.R. 246 By: Woolley Public Education 5/4/2001 Introduced BACKGROUND AND PURPOSE State law declares that the primary purpose of the public school curriculum is to prepare citizens to function productively in a free enterprise society. Current law specifies the subject areas that constitute the foundation and enrichment curriculums of public schools, and requires the State Board of Education to identify the essential knowledge and skills that all students should be able to demonstrate. The enrichment curriculum includes the study of economics with an emphasis on the free enterprise system and its benefits. Several recent studies have concluded that many Americans lack the basic knowledge and skills necessary for the management of their financial affairs even though this knowledge is integral to our citizens' welfare and our nation's success in the global marketplace. House Concurrent Resolution 246 directs the State Board of Education to consider the inclusion of elements relating to personal finance among the essential knowledge and skills in the required public school curriculum. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this resolution does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. ANALYSIS House Concurrent Resolution 246 directs the State Board of Education to consider the inclusion of elements relating to personal finance among the essential knowledge and skills in the required public school curriculum.