LRB-2374/1
TKK:jld&emw
2015 - 2016 LEGISLATURE
May 21, 2015 - Introduced by Senator Marklein, cosponsored by Representatives
Krug, A. Ott, Edming, Tauchen and Subeck. Referred to Committee on
Education.
SB177,1,5
1An Act to create 36.11 (22m), 38.12 (11m), 118.30 (8) and 120.12 (26) of the
2statutes;
relating to: incorporating financial literacy in public schools'
3curriculum and statewide standardized examinations and requiring that it be
4covered during orientation programs at the University of Wisconsin System
5and the technical colleges.
Analysis by the Legislative Reference Bureau
This bill directs each school board to incorporate the state's model academic
standards for financial literacy into the curriculum in grades kindergarten to 12.
The bill also requires the statewide standardized examinations to assess a pupil's
financial literacy to the same extent that they assess a pupil's knowledge of
mathematics, science, reading and writing, geography, or history.
Finally, the bill requires that each institution and campus within the
University of Wisconsin System, and each technical college district board,
incorporate in its orientation program for newly entering students information on
financial literacy.
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:
SB177,1
1Section
1. 36.11 (22m) of the statutes is created to read:
SB177,2,42
36.11
(22m) Financial literacy. The board shall direct each institution and
3college campus to incorporate in its orientation program for newly entering students
4information on financial literacy.
SB177,2
5Section
2. 38.12 (11m) of the statutes is created to read:
SB177,2,76
38.12
(11m) Financial literacy. The district board shall incorporate in its
7orientation program for newly entering students information on financial literacy.
SB177,3
8Section
3. 118.30 (8) of the statutes is created to read:
SB177,2,129
118.30
(8) (a) The department shall ensure that the examinations adopted or
10approved under sub. (1) assess a pupil's financial literacy to the same extent that
11they assess a pupil's knowledge of mathematics, science, reading and writing,
12geography, or history.
SB177,2,1713
(b) If a school board or operator of a charter school under s. 118.40 (2r)
14administers its own examination under sub. (1m) (a) 2. or (am) 2. or (1r) (a) 2. or (am)
152., it shall ensure that the examination assesses a pupil's financial literacy to the
16same extent that it assesses a pupil's knowledge of mathematics, science, reading
17and writing, geography, or history.
SB177,4
18Section
4. 120.12 (26) of the statutes is created to read:
SB177,2,2019
120.12
(26) Financial literacy. Incorporate the state's model academic
20standards for financial literacy into the curriculum in grades kindergarten to 12.
