Financial Education and Inclusion (Wales) Bill
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 |
The Committee will consider the Bill on the following dates: 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 The motion to agree the General Principles was withdrawn by the Member in Charge and therefore no decision on the general Principles has been taken.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: Senedd Business;
Status: Fallen
First published: 17/03/2014
Lead member: Bethan Sayed MS
Consultations
- Financial Education and Inclusion (Wales) Bill (completed)
- Financial Education and Inclusion (Wales) Bill (completed)