Illinois General Assembly - Bill Status for HB1375

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Bill Status of HB1375 103rd General Assembly

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Short Description: SCH CD-FINANCIAL EDUCATION

House Sponsors
Rep. Curtis J. Tarver, II - Robert "Bob" Rita, Kam Buckner, Elizabeth "Lisa" Hernandez, Dave Vella, Martin McLaughlin, Paul Jacobs, Lakesia Collins, John Egofske and Travis Weaver

Senate Sponsors
(Sen. Kimberly A. Lightford)

Last Action

Date	Chamber	Action
3/27/2023	Senate	Referred to Assignments

Statutes Amended In Order of Appearance

105 ILCS 5/27-12.1

from Ch. 122, par. 27-12.1

105 ILCS 5/27-22

from Ch. 122, par. 27-22

Synopsis As Introduced
Amends the Courses of Study Article of the School Code. Instead of requiring consumer education to be taught and studied, provides that beginning with pupils entering the 9th grade in the 2024-2025 school year, pupils in the public schools in grade 11 or 12 shall be taught and be required to complete a stand-alone, one-semester or equivalent course covering personal finance, which shall include, but is not limited to, instruction covering behavioral economics; banking and bill payment; investing; types of credit; managing credit; including credit scores; paying for college; insurance; taxes; budgeting; consumer skills; retirement planning, including tax-advantaged retirement plans; home ownership and financing; and personal transportation, including car ownership and leasing. Provides that the State Board of Education shall devise or approve the personal finance education standards for the course. Provides that the school board shall oversee implementation of the personal finance course for each high school student prior to graduation. Specifies the oversight duties of the school board. In provisions regarding required high school courses, provides that the personal finance education course may be counted toward the fulfillment of other graduation requirements. Makes other changes.

House Floor Amendment No. 2
Provides that the personal finance course requirement begins with pupils entering the 9th grade in the 2027-2028 (rather than 2024-2025) school year. Provides that the State Board of Education (instead of the school board) shall develop implementation guidelines and timelines to assist schools in implementing the personal finance course and determine what may be counted as a graduation requirement for this course.

Actions

Date	Chamber	Action
1/24/2023	House	Filed with the Clerk by Rep. Curtis J. Tarver, II
1/31/2023	House	First Reading
1/31/2023	House	Referred to Rules Committee
2/7/2023	House	Assigned to Elementary & Secondary Education: School Curriculum & Policies Committee
2/10/2023	House	Added Chief Co-Sponsor Rep. Robert "Bob" Rita
3/1/2023	House	Do Pass / Short Debate Elementary & Secondary Education: School Curriculum & Policies Committee; 014-000-000
3/1/2023	House	Placed on Calendar 2nd Reading - Short Debate
3/7/2023	House	Added Co-Sponsor Rep. Kam Buckner
3/8/2023	House	Added Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
3/21/2023	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II
3/21/2023	House	House Floor Amendment No. 1 Referred to Rules Committee
3/21/2023	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Curtis J. Tarver, II
3/21/2023	House	House Floor Amendment No. 2 Referred to Rules Committee
3/22/2023	House	House Floor Amendment No. 1 Rules Refers to Elementary & Secondary Education: School Curriculum & Policies Committee
3/22/2023	House	House Floor Amendment No. 2 Rules Refers to Elementary & Secondary Education: School Curriculum & Policies Committee
3/22/2023	House	Second Reading - Short Debate
3/22/2023	House	Held on Calendar Order of Second Reading - Short Debate
3/23/2023	House	House Floor Amendment No. 2 Recommends Be Adopted Elementary & Secondary Education: School Curriculum & Policies Committee; 015-000-000
3/24/2023	House	House Floor Amendment No. 2 Adopted
3/24/2023	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/24/2023	House	Third Reading - Short Debate - Passed 106-000-001
3/24/2023	House	House Floor Amendment No. 1 Tabled
3/24/2023	House	Added Co-Sponsor Rep. Dave Vella
3/24/2023	House	Added Co-Sponsor Rep. Martin McLaughlin
3/24/2023	House	Added Co-Sponsor Rep. Paul Jacobs
3/24/2023	House	Added Co-Sponsor Rep. Lakesia Collins
3/24/2023	House	Added Co-Sponsor Rep. John Egofske
3/24/2023	House	Added Co-Sponsor Rep. Travis Weaver
3/27/2023	Senate	Arrive in Senate
3/27/2023	Senate	Placed on Calendar Order of First Reading
3/27/2023	Senate	Chief Senate Sponsor Sen. Kimberly A. Lightford
3/27/2023	Senate	First Reading
3/27/2023	Senate	Referred to Assignments