Amend CSHB 3 (house committee printing) by adding the 
following appropriately numbered SECTION to the bill and 
renumbering the remaining SECTIONS of the bill accordingly:
	SECTION ____.  Section 28.0021, Education Code, is amended 
by amending Subsections (b) and (c) and adding Subsection (d) to 
read as follows:
	(b)  School districts and open-enrollment charter schools 
shall incorporate instruction in personal financial literacy into 
any course meeting a requirement for an economics credit under 
Section 28.025, using materials approved by the board.  The 
materials must include instruction on:
		(1)  the types of bank accounts available to consumers 
and the benefits of maintaining a bank account;
		(2)  balancing a checkbook;                                            
		(3)  determining credit scores and the manner in which 
credit scores are used;
		(4)  issues associated with the use of debit and credit 
cards, including avoiding and eliminating credit card debt;
		(5)  understanding the rights and responsibilities of 
renting or buying a home;
		(6)  managing money to make the transition from renting 
a home to home ownership;
		(7)  starting a small business;                                        
		(8)  being a prudent investor in the stock market and 
using other investment options;
		(9)  beginning a savings program;                                      
		(10)  bankruptcy; and                                                  
		(11)  the types of loans available to consumers, 
including mortgage loans and motor vehicle loans, and becoming a 
low-risk borrower.
	(c)  The State Board of Education shall ensure that the 
essential knowledge and skills for social studies address personal 
financial literacy, including the topics listed in Subsection (b), 
in kindergarten and in each grade level from first through eighth 
grade, as appropriate.
	(d)  [School districts and open-enrollment charter schools 
shall comply with Subsection (b) beginning with the 2006-2007 
school year.]  The board shall adopt essential knowledge and skills 
that include [for a course including] the requirements of 
Subsection (b) [(a)] not later than the 2010-2011 [2008-2009] 
school year.  This subsection expires September 1, 2011 [and 
Subsection (b) expire September 1, 2009].