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Financial Education and Inclusion (Wales) Bill

An Assembly Member Bill, introduced by Bethan Jenkins AM. Bethan Jenkins AM was successful in a legislative ballot on 17 July 2013, and given leave to proceed with her Bill by the Assembly on 16 October 2013. The Business Committee remitted the Bill to the Children, Young People and Education Committee.

 

About the Bill

 

The key purposes of the Bill, on introduction, were to equip people in Wales with the necessary financial knowledge and capability they need to manage their financial circumstances effectively. In doing so, the proposals would have helped to increase prosperity in Wales by improving the financial education and capability of its citizens. The Bill‘s proposals fell into three broad categories:

 

  • to improve financial capability amongst school-age (ages 8-16) children and young people by making it a legal requirement that financial education is included in the school curriculum.
  • to strengthen the role of local authorities in helping people avoid falling into financial difficulty, by requiring local authorities to adopt a financial inclusion strategy.
  • to give local authorities duties in respect of providing advice and arranging for advice about financial management, both generally and specifically to looked after children aged 16 or 17, to former looked after children and to students.

 

Current Stage

 

The Bill fell at the end of the Fourth Assembly as it was not passed before the end of the Assembly in which it was introduced (Standing Order 26.77).

 

Welsh Glossary (Only available in Welsh)

 

Record of Passage in the National Assembly for Wales

 

The following table sets out the dates for each stage of the Bill’s passage through the National Assembly for Wales.

 

Stage

Documents

 

Bill introduced – 15 July 2014

 

Financial Education and Inclusion (Wales) Bill, as introduced (PDF, 73KB)

 

Explanatory Memorandum (PDF, 722KB)

 

Presiding Officer’s Statement: 15 July 2014 (PDF, 126KB)

 

 

 

Stage 1 – Committee considerations of general principles

 

Consultation

 

The Committee will consider the Bill on the following dates:

 

17 September 2014

25 September 2014

1 October 2014

9 October 2014

 

Committee Stage 1 Report (PDF, 353KB)

 

Constitutional and Legislative Affairs Committee Report (PDF, 917KB)

 

 

Stage 1 – Debate in Plenary on general principles

 

The debate on the General Principles took place on 26 November 2014. The motion to agree the General Principles was withdrawn by the Member in Charge and therefore no decision on the general Principles has been taken.

 

The Bill fell at the end of the Fourth Assembly as it was not passed before the end of the Assembly in which it was introduced (Standing Order 26.77).

 

 

Contact information

 

This bill has been remitted to the Children, Young People and Education Committee

 

Phone: 0300 200 6565

Email: Contact@Assembly.Wales

 

Business type: Bill

Reason considered: Assembly Business;

Status: Fallen

First published: 17/03/2014

Lead member: Bethan Jenkins AM

Consultations

 

 

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