Reps. Andre Carson, Barbara Lee, Nanette Barragan, Joyce Beatty, Earl Blumenauer, Shontel Brown, Salud Carbajal, Troy Carter, Ed Case, Jesus Garcia, Sylvia Garcia, Steve Cohen, Jasmine Crockett, Danny Davis, Madeleine Dean, Mark DeSaulnier, Adriano Espaillat, Dwight Evans, Frederica Wilson, Jahana Hayes, Eleanor Norton, William Keating, Ann Kuster, James McGovern, Ilhan Omar, Adam Smith, Sara Jacobs, Henry Johnson, Gregorio Sablan, Hillary Scholten, Darren Soto, Bennie Thompson, Dina Titus, Rashida Tlaib, Jill Tokuda, Ritchie Torres, David Trone, Marc Veasey, Bonnie Coleman, Veronica Escobar, Melanie Stansbury, Kevin Mullin, and Raul Ruiz

Referred to the Committees on Financial Services and Education and the Workforce for consideration on 04/25/24 (Updated April 26, 2024)

To amend the Financial Literacy and Education Improvement Act to include secondary schools in best practices for teaching financial literacy.

Introduced and referred to Financial Services and Education Committees on O4/23/24 (Updated May 20, 2024)

Sen. Bill Wielechowski, Cathy Giesel, Elvi Gray-Jackson, Loki Tobin, James Kaufman, Robert Myers, Matt Claman, Click Bishop, Bert Stedman, Scott Kawasaki, and Gary Stevens

As amended, standalone one-half credit personal finance graduation requirement by class of 2030

Failed on Senate Floor 02/29/24. Amended and passed in Committee of the Whole on 02/27/24. Passed Senate Education Committee with a 6-1 vote at public hearing 01/31/24 (Updated Feb 29, 2024)

Asm. Juan Alanis, Brian Dahle, Diane Dixon, Heath Flora, Tom Lackey, Devon Mathis, Megan DahleSens. Brian Dahle, Rosilicie Ochoa Bogh, Kate Sanchez, Kelly Seyarto, Scott Wilk

As amended, embeds financial literacy requirement in social science framework, Gr. 7-12. No expected impact on access to financial education.

Asms. Kevin McCarty, Cottie Petrie-Norris, Pilar Schiavo, Esmeralda Soria, Philip Ting, Juan Alanis, Phillip Chen, Mike Gipson, Joe Patterson, Evan Low, Greg Wallis, Lori Wilson, and David Alvarez; Sens. Marie Alvarado-Gil, Dave Min, and Roger Niello

Personal finance graduation requirement beginning with class of 2030, phased in with an elective by the class of 2027.

Reps. Jeff Hilovsky (Primary), Spiros Mantzavinos, Brian Pettyjohn, Marie Pinkney, Peter Schwartzkopf, Michael Smith, Eric Buckson, Gerald Hocker, Kyra Hoffner, Russ Huxtable, David Wilson, William Bush, Richard Collins, Sherry Dorsey Walker, Timothy Dukes, Ronald Gray, Kevin Hensley, Kendra Johnson, Stell Parker Selby, Charles Postles, Michael Ramone, Bryan Shupe, and Lyndon Yearick

As amended, bill is not expected to expand access to personal finance education.

Sens. Glenn Wakai, Henry Aquino, Stanley Chang, Brandon Elefante, Kurt Fevella, Mike Gabbard, Sharon Moriwaki, Joy San Buenaventura, and Maile Shimabukuro [D]    

Continuing Resolution urging the Department of Education to include teaching personal finance in the personal transition plan for high school students

Sens. Glenn Wakai, Henry Aquino, Stanley Chang, Brandon Elefante, Kurt Fevella, Mike Gabbard, Sharon Moriwaki, Joy San Buenaventura, and Maile Shimabukuro

Resolution urging the Department of Education to include teaching personal finance in students' personal transition plan

Sens. Donna Kim, Stanley Chang, Lynn Decoite, Brandon Elefante, Kurt Fevella, Mike Gabbard, Troy Hashimoto, Dru Kanuha, Michelle Kidani, Angus McKelvey, Sharon Moriwaki, Maile Shimabukuro, and Glenn Wakai

Requires HDOE to include financial education in grades 9-12, and require high school students to complete one course in financial literacy before graduation starting with the 2025-2026 school year. Professional development included.

Died in Education Committee without hearing. Passed first reading and referred to EDU, WAM committees on 01/22/24 (Updated Feb 22, 2024)

Reps. Rose Martinez, Terez Amato, Natalia Hussey-Burdick, Jeanne Kapela, Darius Kila, Rachele Fernandez Lamosao, Lisa Marten, Daynette Morikawa, Scott Nishimoto, Mahina Poepoe, Jenna Takenouchi, Adrian Tam

Dired in Education Committee without hearing. Introduced and passed first reading on 01/24/24 (Updated Feb 22, 2024)

Sens. Tim Richards, Stanley Chang, Brandon Elefante, Kurt Fevella, Dru Kanuha, Angus McKelvey, Maile Shimabukuro, Les Ihara, Joy San Buenaventura, and Glenn Wakai

DOE to require the teaching of financial literacy to be included in the existing personal transition plan requirement for each student beginning with the 2025-2026 school year.

Died in Education Committee without hearing. Referred to Senate Education Committee 01/24/24 (Updated Feb 22, 2024)

Reps. Curtis Tarver, Robert Rita, Kambium Buckner, Elizabeth Hernandez, Dave Vella, Martin McLaughlin, Paul Jacobs, John Egofske, and Travis Weaver; Sens. Kimberly Lightford, Lakesia Collins, Rachel Ventura, Meg Loughran Cappel, David Koehler, Steve Stadelman, Suzanne Glowiak Hilton, and Dave Syverson   

As amended by Senate, is not expected to expand access to financial education in Illinois. Senate Amendment 1 negated the potential impact (a standalone personal finance course guaranteed for all IL high schoolers) of this bill.

Non-concur motion filed on Senate Committee Amendment 1 by Rep. Curtis Tarver on 05/16/24. Amended bill passed Senate 3rd Reading 57-0 on 05/15/24. (Updated on May 20, 2024)

Amends course of study to require one semester personal finance course taken in 11th or 12th grade. Establishes roles for standards adoption and implementation.

Referred to Rules Committee on 04/05/24. Education committee hearing pending (Updated Arp 7, 2024)

Reps. Rachel Talbot Ross (primary), Michael Brennan, Sens. Jill Duson, Joseph Rafferty, Craig Hickman, Jim Libby

$500,000 in one-time, non-lapsing grant funds for school districts and administrative units to implement personal finance courses.

Sens. Mattie Daughtry, David LaFountain, Joseph Rafferty, Matthew Pouliot, Timothy Nangle, and David Woodsome; Rep. W. Edward Crockett

AMENDED to direct the DOE to review whether or not personal finance can be housed in “content areas other than social studies.” Previously required personal finance to be taught as a separate course to obtain a high school diploma.

Signed into law. Directs the DOE to review whether personal finance can be housed in different departments. (Updated Mar 22, 2024)

Allows financial literacy courses to fulfill student service hours high school graduation requirement starting with 2025-2026 school year

Hearing scheduled for 02/23/24 at 9:00am. Introduced and read first time in Education, Energy, and Environment Committee on 01/29/24 (Updated Feb 9, 2024)

Reps. Ryan Hamilton (Primary), Carmine Gentile, Sally Kerans, Paul Feeney, Francisco Paulino, Judith Garcia, Rodney M. Elliott, William Galvin, Jessica Ann Giannino, Dawne Shand, James Arena-DeRosa, Jeffrey Turco, Adam Scanlon, James Eldridge, Norman Orrall

Standalone personal financial literacy course of one-half of 1 semester or equivalent coursework required as determined by the district.

Testimony presented at Joint Education Committee hearing held 01/10/24 (Updated Jan 11, 2024)

Sens. Patrick O'Connor, Bruce Tarr, John Keenan, John Velis, Rebecca Rausch, Sal DiDomenico

Reps. Peter Durant, Angelo D'Amelia, David DeCoste, Jay Barrows, Kelly Pease, Michael Soter, Patrick Kearney, Vanna Howard

Reps. Kathy Schmaltz, John Roth, Mike Harris, Joseph Aragona, Jamie Thompson, Brian BeGole, Tom Kunse, Jay DeBoyer, Gina Johnsen, Ann Bollin, Mark Tisdel, Nancy DeBoer, Donni Steele, Dale Zorn, Gregory Alexander, Bryan Posthumus, Angela Rigas, Tom Kuhn, and Curtis VanderWall

Confirms standalone 1/2 credit personal finance graduation requirement that cannot be fulfilled by existing standards in economics for Michigan high schoolers. Adds to standards.

Introduced and referred to House Committe on Education on 06/13/2024 (Updated June 15, 2024)

Reps. Jimmy Fondren, William Arnold, Charles Blackwell, Jim Estrada, and Lance Varner   

Unclear impact given the existing 1 year College & Career Readiness course requirement, which already requires one-half unit of financial literacy. This bill would require students to complete 1/2 unit financial literacy course and directs the Dept of Education to create curriculum for the course in grades 6-12.

Senate Education Committee Hearing scheduled Dec 5, 2024 at 11:00am in Committee Rm 4, Annex. (Updated Nov 27, 2024)

Allows financial literacy course to fulfill a math unit (revised statute), be embedded in social studies (existing statute), offered as an elective (existing statute), or fulfill 1/2 credit of local school board requirements (new statute)

Companion bill to A8306. Requires instruction in financial literacy for pupils in grades nine through twelve; includes content.

Establishes a half-credit course in financial education delivered by means of a comprehensive financial literacy program for all pupils in grades nine, ten, eleven or twelve.

Companion bill to S4601 - "Establishes that instruction in financial education be provided to pupils in grades nine through twelve; establishes what should be included in such curriculum including the basics of financial planning, budgeting, borrowing, interest rates, personal insurance policies, etc."

Companion bill to A2928. Requires all public and private schools to provide financial literacy education to pupils in 11th grade; directs that certain topics be covered in such educational program.

Asms. Jonathan Jacobson, Alfred Taylor, Catalina Cruz, Stefani Zinerman, Steven Raga, Angelo Santabarbara, Dana Levenberg, Brian Cunningham, John McDonald, Clyde Vanel, Carrie Woerner, Harvey Epstein, Pamela Hunter, Eddie Gibbs, Karines Reyes, Demond Meeks, and Robert Carroll

Companion bill to S4860. Requires high schools provide a course in Gr. 9-12 in financial literacy; requires students to complete course to graduate.

Carried from 2023. Re-referred to Assembly Education Committee on 01/03/24. (Updated on Jan 3, 2024)

Companion to A4605. Establishes financial literacy grant fund for programs serving at risk students.

Carried from 2023. Re-referred to Senate Banking Committee on 01/03/24. (Updated Jan 3, 2024)

Companion to S1750. Establishes financial literacy grant fund for programs serving at risk students.

Carried from 2023. Re-referred to Assembly Banking Committee on 01/03/2024 (Updated Jan 3, 2024).

Companion bill to A2937. Requires instruction in financial management for students in grades 4-8.

Carried from 2023. Re-referred to Senate Education Committee on 01/03/2024. (Updated Jan 3, 2024)

Sens. Leroy Comrie, Jeremy Cooney, Patrick Gallivan, Timothy Kennedy, Zellnor Myrie, Luis Sepulveda, and Kevin Thomas

Companion bill to A2298. Requires high schools provide a course in Gr. 9-12 in financial literacy; requires students to complete course to graduate.

Carried from 2023. Re-referred to Senate Education Committee on 01/03/24 (Updated Jan 3, 2024)

Companion bill to S1810. Requires instruction in financial management for students in grades 4-8.

Carried from 2023. Re-referred to Assembly Education Committee on 01/03/24. (Updated Jan 3, 2024)

Companion bill to S4601. Requires instruction in financial literacy for pupils in grades nine through twelve; includes content.

Carried from 2023. Re-referred to Assembly Education Committee on 01/03/24 (Updated Jan 3, 2024)

Sens. Robert Jackson, Neil Breslin, Jeremy Cooney, Roxanne Persaud, Jessica Ramos, Julia Salazar, Luis Sepulveda, and Kevin Thomas

Carried from 2023. Re-referred to Senate Education Committee on 01/03/24. (Updated Jan 3, 2024)

Carried from 2023. Re-referred to Assembly Education Committee on 01/03/24. (Updated Jan 3, 2024)

Asms. Josh Jensen, Michael Norris, Joseph DeStefano, Eric Brown, Scott Bendett, Jacob Blumencranz, Christopher Tague, Jeff Gallahan, Brian Manktelow, and Joseph Angelino      

Companion bill to S918. Requires all public and private schools to provide financial literacy education to pupils in 11th grade; directs that certain topics be covered in such educational program.

Carried from 2023. Re-referred to Assembly Education Committee on 01/03/2024 (Updated Jan 3, 2024)

Reps. Rhonda Baker, Adam Pugh, Mark McBride, Chad Caldwell, Tammy West, Dean Davis, Daniel Pae, Lonnie Sims, Danny Sterling, Anthony Moore; Sens. Ally Seifried, Kristen Thompson

Embedded financial literacy requirement. Limits instructional requirement to Grades 10-12 (instead of 6-12) but still encourages embedding, same as existing statute.

Benchmark assessment for existing Economics & Personal Finance graduation requirement.

Reps. Skyler Rude, Monica Stonier, April Connors, Marcus Riccelli, Travis Couture, Tana Senn, Joel McEntire, Sharon Santos, Mike Steele, Steve Bergquist, Paul Harris, Amy Walen, Stephanie McClintock, Carolyn Eslick, Greg Cheney, My-Linh Thai, Lillian Ortiz-Self, Dan Bronoske, Mari Leavitt, Chris Corry, Steve Tharinger, Sam Low, Cindy Ryu, Leonard Christian, Vandana Slatter, Suzanne Schmidt, Alex Ramel, Andrew Barkis, Bill Ramos, Julio Cortes, Melanie Morgan, Julia Reed, Jenny Graham, Timm Ormsby, Stephanie Barnard, Cyndy Jacobsen, Jake Fey, Joe Timmons, Lisa Callan, Alicia Rule, Chipalo Street, Frank Chopp, Beth Doglio, Bryan Sandlin, Roger Goodman, Michelle Caldier, April Berg, Eric Robertson, Sharon Wylie, Spencer Hutchins, Kristine Reeves, Debra Lekanoff, Clyde Shavers, Lauren Davis, and Daniel Griffey

Sens. Javier Valdez, Matt Boehnke, Chris Gildon, Robert Hasegawa, Karen Keiser, Patty Kuderer, John Lovick, T'wina Nobles, Rebecca Saldana, Nikki Torres, Claire Wilson 

Allows students to complete state-funded online courses to fulfill graduation requirements, including financial literacy requirement.

Cms. R. White, Anita Bonds, Brianne K. Nadeau, Brooke Pinto, Charles Allen, Christina Henderson, Kenyan R. McDuffie, and Matthew Frumin

Carried to 2024. Referred to Committee of the Whole on 05/02/2023. (Updated on 12/28/2023)