Bill Summary – FastDemocracy

2023 - 2024 LEGISLATURE
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                     2023 SENATE BILL 115
    March 8, 2023 - Introduced by Senators BALLWEG, STAFSHOLT, AGARD,
        CABRAL-GUEVARA, FEYEN, HESSELBEIN, JAMES, MARKLEIN, TESTIN, TOMCZYK and
        WANGGAARD, cosponsored by Representatives DALLMAN, PENTERMAN, ALLEN,
        BEHNKE, BINSFELD, BODDEN, CALLAHAN, DITTRICH, DOYLE, DUCHOW, EDMING,
        GREEN, GUNDRUM, JACOBSON, JOERS, KITCHENS, KNODL, KRUG, KURTZ,
        MAGNAFICI, MOSES, MURPHY, MURSAU, NEDWESKI, NEYLON, NOVAK, O'CONNOR,
        OHNSTAD, PETRYK, PLUMER, RETTINGER, ROZAR, SCHUTT, SINICKI, STEFFEN,
        SUBECK, SUMMERFIELD, TRANEL, TUSLER, ZIMMERMAN and SCHRAA. Referred to
        Committee on Education.
1   AN ACT       to create 118.33 (1) (a) 1. f. of the statutes; relating to: requiring
2        one-half credit of personal financial literacy for high school graduation.
                      Analysis by the Legislative Reference Bureau
         Under current law, a school board may grant a high school diploma to a pupil
    only if the pupil meets specific statutory requirements, including earning a certain
    number of credits in various subjects in the high school grades. Beginning with
    pupils graduating in 2028, this bill requires that, to graduate high school, a pupil
    must earn at least one-half credit of personal financial literacy that includes
    financial mindset, education and employment, money management, saving and
    investing, credit and debt, and risk management and insurance.
         For further information see the state and local fiscal estimate, which will be
    printed as an appendix to this bill.
    The people of the state of Wisconsin, represented in senate and assembly, do
        enact as follows:
3        SECTION 1. 118.33 (1) (a) 1. f. of the statutes is created to read:
4        118.33 (1) (a) 1. f. At least 0.5 credit of personal financial literacy that includes
5   financial mindset, education and employment, money management, saving and
6   investing, credit and debt, and risk management and insurance.
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    SENATE BILL 115                                                          SECTION 2
1        SECTION 2.0Initial applicability.
2        (1) This act first applies to pupils graduating from high school in 2028.
3                                       (END)