| 1 | 1 | | LRB-1750/1 |
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| 2 | 2 | | FFK:amn |
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| 3 | 3 | | 2023 - 2024 LEGISLATURE |
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| 4 | 4 | | 2023 SENATE BILL 115 |
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| 5 | 5 | | March 8, 2023 - Introduced by Senators B ALLWEG, STAFSHOLT, AGARD, |
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| 6 | 6 | | CABRAL-GUEVARA, FEYEN, HESSELBEIN, JAMES, MARKLEIN, TESTIN, TOMCZYK and |
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| 7 | 7 | | WANGGAARD, cosponsored by Representatives DALLMAN, PENTERMAN, ALLEN, |
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| 8 | 8 | | BEHNKE, BINSFELD, BODDEN, CALLAHAN, DITTRICH, DOYLE, DUCHOW, EDMING, |
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| 9 | 9 | | GREEN, GUNDRUM, JACOBSON, JOERS, KITCHENS, KNODL, KRUG, KURTZ, |
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| 10 | 10 | | MAGNAFICI, MOSES, MURPHY, MURSAU, NEDWESKI, NEYLON, NOVAK, O'CONNOR, |
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| 11 | 11 | | OHNSTAD, PETRYK, PLUMER, RETTINGER, ROZAR, SCHUTT, SINICKI, STEFFEN, |
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| 12 | 12 | | SUBECK, SUMMERFIELD, TRANEL, TUSLER, ZIMMERMAN and SCHRAA. Referred to |
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| 13 | 13 | | Committee on Education. |
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| 14 | 14 | | AN ACT to create 118.33 (1) (a) 1. f. of the statutes; relating to: requiring |
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| 15 | 15 | | one-half credit of personal financial literacy for high school graduation. |
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| 16 | 16 | | Analysis by the Legislative Reference Bureau |
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| 17 | 17 | | Under current law, a school board may grant a high school diploma to a pupil |
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| 18 | 18 | | only if the pupil meets specific statutory requirements, including earning a certain |
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| 19 | 19 | | number of credits in various subjects in the high school grades. Beginning with |
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| 20 | 20 | | pupils graduating in 2028, this bill requires that, to graduate high school, a pupil |
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| 21 | 21 | | must earn at least one-half credit of personal financial literacy that includes |
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| 22 | 22 | | financial mindset, education and employment, money management, saving and |
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| 23 | 23 | | investing, credit and debt, and risk management and insurance. |
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| 24 | 24 | | For further information see the state and local fiscal estimate, which will be |
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| 25 | 25 | | printed as an appendix to this bill. |
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| 26 | 26 | | The people of the state of Wisconsin, represented in senate and assembly, do |
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| 27 | 27 | | enact as follows: |
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| 28 | 28 | | SECTION 1. 118.33 (1) (a) 1. f. of the statutes is created to read: |
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| 29 | 29 | | 118.33 (1) (a) 1. f. At least 0.5 credit of personal financial literacy that includes |
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| 30 | 30 | | financial mindset, education and employment, money management, saving and |
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| 31 | 31 | | investing, credit and debt, and risk management and insurance. |
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| 37 | 37 | | 6 - 2 -2023 - 2024 Legislature LRB-1750/1 |
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| 38 | 38 | | FFK:amn |
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| 39 | 39 | | SECTION 2 SENATE BILL 115 |
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| 40 | 40 | | SECTION 2.0Initial applicability. |
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| 41 | 41 | | (1) This act first applies to pupils graduating from high school in 2028. |
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| 42 | 42 | | (END) |
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