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2023 - 2024 LEGISLATURE
2023 SENATE BILL 115
March 8, 2023 - Introduced by Senators B ALLWEG, 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.
AN ACT to create 118.33 (1) (a) 1. f. of the statutes; relating to: requiring
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:
SECTION 1. 118.33 (1) (a) 1. f. of the statutes is created to read:
118.33 (1) (a) 1. f. At least 0.5 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.
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SECTION 2 SENATE BILL 115
SECTION 2.0Initial applicability.
(1) This act first applies to pupils graduating from high school in 2028.
(END)
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