The Committee on Education and Public Works proposes the following Amendment No. to S. 16 (COUNCIL\WAB\16C001.NBD.WAB22):

Reference is to Printer's Date 2/23/21-S.

Amend the bill, as and if amended, by striking all after the enacting words and inserting:

/SECTION 1. Article 1, Chapter 29, Title 59, of the 1976 Code is amended by adding:

"Section 59-29-17.( A)The State Department of Education shall convene a task force to examine the effectiveness of the South Carolina economics course required for high school graduation. Specifically, the task force must determine how well students are being instructed in the following areas, and if course standards should be changed:

(1) areas of instruction delineated in Article 3, Chapter 29, Title 59;

(2) basic principles of personal finance for a global economy connected by the Internet;

(3) Internet safety and cyber security;

(4) personal financial planning and asset management;

(5) options, alternatives, use, and responsibilities of loans and credit products;

(6) health, life, automobile, and other insurance products;

(7) risk recognition, avoidance, and management;

(8) postsecondary education loans, loan forgiveness programs, grants, scholarships, apprenticeships, and other options to assist with related educational and career attainment costs, including the Federal Application for Federal Student Aid (FAFSA) and other federal, state, and local financial aid application processes, and implications of student loan indebtedness;

(9) related experiential and performance-based activities for each of the competencies enumerated in this subsection, aligned with student Individual Graduation Plans to the extent practicable; and,

(10) existing economics standards.

(B) The task force shall be comprised of the following individuals:

(1) one member appointed by the Superintendent of Education who shall serve as chair of the task force;

(2) one member appointed by the Governor upon recommendation of the South Carolina Bankers Association;

(3) one member appointed by the Governor upon recommendation of the United Way Association of South Carolina;

(4) one member from an institution of higher education appointed by the Chair of the Commission on Higher Education;

(5) one member appointed by the Chair of the Education Oversight Committee

(6) one member appointed by the South Carolina Council on Economics Education;

(7) one member appointed by the Chair of the House of Representatives Education and Public Works Committee; and

(8) one member appointed by the Chair of the Senate Education Committee.

(C) The task force shall report its findings to the General Assembly no later than January 1, 2023.

(1) Vacancies in the study committee's membership must be filled in the manner of original appointment.

(2) Members of the committee shall serve without per diem, mileage, or other compensation generally provided to members of boards and commissions.

(D) The State Department of Education shall develop metrics and reporting requirements to monitor for the successful implementation of existing and future state standards and outcomes within and across districts, and make recommendations to improve outcomes accordingly at the state and local levels."

SECTION2. This act takes effect upon approval of the Governor. /