LRB-5556/1
KRP:cdc
2021 - 2022 LEGISLATURE
January 13, 2022 - Introduced by Senators Ballweg, Feyen and Marklein,
cosponsored by Representatives
Dallman, Behnke, Cabral-Guevara,
Edming, Knodl, Krug, Magnafici, Murphy, Mursau, Penterman and
Ramthun. Referred to Committee on Education.
SB841,1,2
1An Act to create 118.33 (1) (a) 1. f. of the statutes;
relating to: requiring one
2credit 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. This bill provides
that, in order to graduate, a pupil also must earn at least one 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:
SB841,1
3Section
1. 118.33 (1) (a) 1. f. of the statutes is created to read:
SB841,1,64
118.33
(1) (a) 1. f. At least one credit of personal financial literacy that includes
5financial mindset, education and employment, money management, saving and
6investing, credit and debt, and risk management and insurance.
SB841,2
1Section
2.
Initial applicability.
SB841,2,32
(1) This act first applies to a pupil who begins the high school school grades in
3the 2022-23 school year.
