SESSION OF 2021
SUPPLEMENTAL NOTE ON HOUSE BILL NO. 2301
As Amended by House Committee on Education

Brief*
HB 2301, as amended, would amend law regarding
financial literacy curriculum. The bill would require all public,
private, or parochial high schools accredited by the Kansas
State Board of Education to provide a course on personal
financial literacy.
The bill would require for graduation from high school all
students enrolled in grade 11 or 12 to pass such financial
literacy course, to include but not be limited to the following
areas:
● Savings and investing;
● Credit and debt;
● Financial responsibility and money management;
and
● Insurance, risk management, and income.
Background
The bill was introduced by the House Committee on
Education at the request of Representative Adam Thomas.
[Note: HB 2301 contains provisions similar to those of
2019 HB 2166 and 2015 HB 2232.]
____________________
*Supplemental notes are prepared by the Legislative Research
Department and do not express legislative intent. The supplemental
note and fiscal note for this bill may be accessed on the Internet at
http://www.kslegislature.org
House Committee on Education
In the House Committee hearing on February 23, 2021,
proponent testimony was provided by Representative
Thomas and a private citizen. The proponents stated the bill
would help prepare Kansas high school graduates to better
manage their money as adults.
Written-only proponent testimony was provided by a
representative of the Kansas Association of Realtors.
No neutral testimony was provided.
Opponent testimony was provided by a representative
of the Kansas Superintendents Association and the United
School Administrators of Kansas.
Written-only opponent testimony was provided by
representatives of the Kansas National Education Association
and the Kansas State Board of Education.
On March 24, 2021, the House Committee amended the
bill to remove provisions requiring the Kansas State Board of
Education and local boards of education to adopt a policy
allowing students to fulfill one-half of a math credit required
for high school graduation by passing a financial literacy
course and requiring institutions of higher education to adopt
a policy recognizing such one-half of a math credit for
admission to such institutions. The House Committee
amended the bill to require public, private, and parochial high
schools to provide a course on financial literacy, which
students must pass in order to graduate.
Fiscal Information
According to the fiscal note prepared by the Division of
the Budget on the bill as introduced, the Kansas Department
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of Education (KSDE) states enactment of the bill would
require KSDE to create a committee that would comprise key
stakeholders from across the state that would meet multiple
times over the course of a year to develop the required
standards for the financial literacy course. The costs of the
development and review of materials, transportation,
reimbursement for some in-person meetings, and other
development costs would total $70,000 from the State
General Fund for FY 2022.
KSDE notes school districts would incur costs to train
teachers in the new standards and purchase new curriculum
materials. These additional schools district costs would likely
not occur until the 2022-2023 school year and would not be
known until the standards are developed by KSDE.
The Board of Regents indicates the Board would be
required to develop a policy regarding the math credit
required for admission to a higher education institution, and
any costs would be negligible and could be implemented with
the Board’s current staff.
[Note: The House Committee amended the bill to
remove provisions regarding the math credit.]
Any fiscal effect associated with the bill is not reflected
in The FY 2022 Governor’s Budget Report.
Education; financial literacy; curriculum


3- 2301


Statutes affected:
As introduced: 72-3236
As Amended by House Committee: 72-3217, 72-3236