Bill Summary – FastDemocracy

2023 - 2024 LEGISLATURE
                                                                                 LRB-2055/1
                                                                                   FFK:amn
                  2023 ASSEMBLY BILL 109
    March 14, 2023 - Introduced 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, cosponsored
        by Senators BALLWEG, STAFSHOLT, AGARD, CABRAL-GUEVARA, FEYEN,
        HESSELBEIN, JAMES, MARKLEIN, TESTIN, TOMCZYK, WANGGAARD and COWLES.
        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.
    2023 - 2024 Legislature             -2-                                  LRB-2055/1
                                                                               FFK:amn
    ASSEMBLY BILL 109                                                        SECTION 2
1        SECTION 2.0Initial applicability.
2        (1) This act first applies to pupils graduating from high school in 2028.
3                                       (END)