Illinois General Assembly - Bill Status for SB1266
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 Bill Status of SB1266  103rd General Assembly


Senate Sponsors
Sen. Kimberly A. Lightford

Last Action
DateChamber Action
  3/10/2023SenateRule 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.

DateChamber Action
  2/3/2023SenateFiled with Secretary by Sen. Kimberly A. Lightford
  2/3/2023SenateFirst Reading
  2/3/2023SenateReferred to Assignments
  2/14/2023SenateAssigned to Education
  2/22/2023SenatePostponed - Education
  3/8/2023SenatePostponed - Education
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments

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