Illinois General Assembly - Bill Status for HB1375
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 Bill Status of HB1375  103rd General Assembly

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, Rachel Ventura and Meg Loughran Cappel)

Last Action
DateChamber Action
  5/26/2023SenateRule 3-9(a) / Re-referred to Assignments

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 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 
DateChamber Action
  1/24/2023HouseFiled with the Clerk by Rep. Curtis J. Tarver, II
  1/31/2023HouseFirst Reading
  1/31/2023HouseReferred to Rules Committee
  2/7/2023HouseAssigned to Elementary & Secondary Education: School Curriculum & Policies Committee
  2/10/2023HouseAdded Chief Co-Sponsor Rep. Robert "Bob" Rita
  3/1/2023HouseDo Pass / Short Debate Elementary & Secondary Education: School Curriculum & Policies Committee; 014-000-000
  3/1/2023HousePlaced on Calendar 2nd Reading - Short Debate
  3/7/2023HouseAdded Co-Sponsor Rep. Kam Buckner
  3/8/2023HouseAdded Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
  3/21/2023HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II
  3/21/2023HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  3/21/2023HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Curtis J. Tarver, II
  3/21/2023HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  3/22/2023HouseHouse Floor Amendment No. 1 Rules Refers to Elementary & Secondary Education: School Curriculum & Policies Committee
  3/22/2023HouseHouse Floor Amendment No. 2 Rules Refers to Elementary & Secondary Education: School Curriculum & Policies Committee
  3/22/2023HouseSecond Reading - Short Debate
  3/22/2023HouseHeld on Calendar Order of Second Reading - Short Debate
  3/23/2023HouseHouse Floor Amendment No. 2 Recommends Be Adopted Elementary & Secondary Education: School Curriculum & Policies Committee; 015-000-000
  3/24/2023HouseHouse Floor Amendment No. 2 Adopted
  3/24/2023HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/24/2023HouseThird Reading - Short Debate - Passed 106-000-001
  3/24/2023HouseHouse Floor Amendment No. 1 Tabled
  3/24/2023HouseAdded Co-Sponsor Rep. Dave Vella
  3/24/2023HouseAdded Co-Sponsor Rep. Martin McLaughlin
  3/24/2023HouseAdded Co-Sponsor Rep. Paul Jacobs
  3/24/2023HouseAdded Co-Sponsor Rep. Lakesia Collins
  3/24/2023HouseAdded Co-Sponsor Rep. John Egofske
  3/24/2023HouseAdded Co-Sponsor Rep. Travis Weaver
  3/27/2023SenateArrive in Senate
  3/27/2023SenatePlaced on Calendar Order of First Reading
  3/27/2023SenateChief Senate Sponsor Sen. Kimberly A. Lightford
  3/27/2023SenateFirst Reading
  3/27/2023SenateReferred to Assignments
  4/12/2023SenateAssigned to Education
  4/19/2023SenatePostponed - Education
  4/25/2023SenateAdded as Alternate Co-Sponsor Sen. Rachel Ventura
  4/26/2023SenatePostponed - Education
  4/28/2023SenateAdded as Alternate Co-Sponsor Sen. Meg Loughran Cappel
  4/28/2023SenateRule 2-10 Committee Deadline Established As May 6, 2023
  5/5/2023SenateRule 2-10 Committee Deadline Established As May 11, 2023
  5/10/2023SenatePostponed - Education
  5/11/2023SenateRule 2-10 Third Reading Deadline Established As May 25, 2023
  5/11/2023SenateRule 2-10 Committee Deadline Established As May 21, 2023
  5/12/2023SenateRule 2-10 Third Reading Deadline Established As May 19, 2023
  5/19/2023SenateRule 2-10 Committee Deadline Established As May 25, 2023
  5/26/2023SenateRule 3-9(a) / Re-referred to Assignments

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