Illinois General Assembly - Bill Status for SB1661
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 Bill Status of SB1661  101st General Assembly


Senate Sponsors
Sen. Dan McConchie - Kimberly A. Lightford

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
105 ILCS 5/27-12.1from Ch. 122, par. 27-12.1

Synopsis As Introduced
Amends the School Code. Provides that, beginning with the 2020-2021 school year, a school district required to offer a consumer education course may form a partnership with a local financial institution to establish a financial training program for all students in grade 12, regardless of the student's prior academic history; defines "financial institution". Provides that the program must be limited to one hour of financial training per week during the student's final semester before graduation and must be provided by a financial institution at no cost to the school district. Provides that the curriculum for the program must include, but is not limited to, (i) properly investing early, (ii) managing debt, including student loan debt, and (iii) saving for retirement.

DateChamber Action
  2/15/2019SenateFiled with Secretary by Sen. Dan McConchie
  2/15/2019SenateFirst Reading
  2/15/2019SenateReferred to Assignments
  2/27/2019SenateAssigned to Education
  3/5/2019SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford
  3/20/2019SenatePostponed - Education
  3/22/2019SenateRule 2-10 Committee Deadline Established As March 28, 2019
  3/28/2019SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2021SenateSession Sine Die

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