An Act to increase financial access for all

The Financial Innovative Technologies Act (FIT Act) requires all public high schools in the state to teach financial literacy as a mandatory subject for graduation, covering practical topics like budgeting, credit, investing, retirement planning, and emerging technologies such as cryptocurrencies. It also mandates that broker-dealers and investment advisers follow the SEC’s Regulation Best Interest standard when making recommendations to retail customers. The law integrates these lessons into existing subjects like math and social studies to equip students with skills for financial stability. Currently, 22 states have similar graduation requirements for financial literacy education.