Florida Governor Ron DeSantis signed SB 1054 into law at a charter school near Tampa on Tuesday and starting in 2023 all public high school students will be required to take a financial literacy course in order to graduate.

The Dorothy L. Hukill Financial Literacy Act revises current standards so that “the required credits for a standard high school diploma… include one-half credit of instruction in personal financial literacy and money management.”

“To be able to be well versed in financial literacy, that is going to help you,” the governor said during the signing ceremony at St. Petersburg Collegiate High School in Wesley Chapel.

The law will require students to learn about money management and will teach them about savings, investing, credit scores, and how to open bank accounts.

The measure is the latest in a slew of new laws related to education in Florida including higher salaries for teachers and the controversial Parental Rights in Education bill.