Bill Status of HB 4658   103rd General Assembly

Short Description:  SCH CD-PERSONAL FINANCE EDUC

House Sponsors
Rep. Curtis J. Tarver, II-Dave Vella and Aaron M. Ortiz

Last Action  View All Actions

DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
105 ILCS 5/27-12.1from Ch. 122, par. 27-12.1
105 ILCS 5/27-22from 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 2027-2028 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. Sets forth what topics must be included. 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 course for each high school student prior to graduation. Provides that the State Board of Education shall establish a Financial Literacy Implementation Committee no later than June 30, 2024 to make recommendations to the State Superintendent of Education concerning the implementation of the course for each high school student prior to graduation. Sets forth provisions concerning Committee members, meetings, and support. Provides that the State Board of Education shall present regular and timely reports to the Committee regarding the implementation of the course. Requires a pupil to successfully complete a course on personal finance education as a prerequisite to receiving a high school diploma (rather than allowing a financial literacy course to be included as part of the social studies requirement). Makes other changes. Effective immediately.

Actions 
DateChamber Action
  1/31/2024HouseFiled with the Clerk by Rep. Curtis J. Tarver, II
  2/2/2024HouseAdded Chief Co-Sponsor Rep. Dave Vella
  2/6/2024HouseFirst Reading
  2/6/2024HouseReferred to Rules Committee
  2/28/2024HouseAssigned to Elementary & Secondary Education: School Curriculum & Policies Committee
  3/6/2024HouseAdded Co-Sponsor Rep. Aaron M. Ortiz
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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