Alaska 33rd Legislature (2023-2024) Status: Passed Senate Bipartisan · 7 R · 5 D cosponsors

SB 99 — An Act establishing a financial literacy education program for public schools; and providing for an effective date.

Last action — (H) -- Recessed to a Call of the Chair --

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 33rd Legislature (2023-2024). It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

39 added · 48 removed

Plain-language change summary

The bill SB 99 has been revised to change its focus from establishing a financial literacy education *program* to establishing a financial literacy education *course*. This means that every school district must now provide a specific, half-credit course that students in grades nine through twelve must complete to receive their diploma, rather than just a flexible program that could include various instructional methods. This change is significant because it sets a clear requirement for financial literacy education, ensuring that all students receive standardized instruction in crucial money management skills before graduating.

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33-LS0498\R CS FOR SENATE BILL NO.
33-LS0498\S SENATE BILL NO.
99(EDC) IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-THIRD LEGISLATURE - FIRST SESSION BY THE SENATE EDUCATION COMMITTEE Offered:
99 IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-THIRD LEGISLATURE - FIRST SESSION BY SENATORS WIELECHOWSKI, Giessel, Gray-Jackson, Tobin, Claman, Myers, Kaufman, Bishop, Stedman, Kawasaki, Stevens, Hughes, Shower Introduced:
4/19/23 Referred:
3/10/23 Referred:
Finance Sponsor(s):
Education A BILL FOR AN ACT ENTITLED "An Act establishing a financial literacy education course for public schools;
SENATORS WIELECHOWSKI, Giessel, Gray-Jackson, Tobin, Claman, Myers, Kaufman, Bishop, Stedman, Kawasaki, Stevens, Hughes, Shower REPRESENTATIVE Wright A BILL FOR AN ACT ENTITLED "An Act establishing a financial literacy education program for public schools;
Financial Literacy Education Program.
Financial Literacy Education Course.
Financial literacy education program.
Financial literacy education course.
(a) Each school district shall establish and provide to students in grades nine through 12 a financial literacy education program approved by the department.
(a) Each school district shall establish and provide to students in grades nine through 12 a one-half credit hour financial literacy education course approved by the department.
A school district may provide the program through one or more courses offered by the school district, but the program's hours of instruction must in the aggregate be equivalent to a one-half credit hour course.
A school may not issue a secondary school diploma to a student unless the student has completed a financial literacy course under this section.
A school may not issue a secondary school diploma to a student unless the student has completed a financial literacy program under this section.
The course must include discussion of or instruction on (1) different types of bank accounts and opening and managing a bank account;
The program must include, to the maximum extent practicable, discussion of or instruction on (1) different types of financial institutions and opening and managing SB0099B -1- CSSB 99(EDC) New Text Underlined [DELETED TEXT BRACKETED] 33-LS0498\R an account with a financial institution;
(3) basic principles of money management, including spending, credit, credit scores, and managing retail debt, credit card debt, and other types of debt;
SB0099A -1- SB 99 New Text Underlined [DELETED TEXT BRACKETED] 33-LS0498\S (3) basic principles of money management, including spending, credit, credit scores, and managing retail debt, credit card debt, and other types of debt;
(7) avoiding fraud, financial deception, and predatory lending practices;
(7) avoiding fraud and financial deception;
(14) postsecondary financial aid and scholarships;
and (14) postsecondary financial aid and scholarships.
and (15) financial implications of being a member or a beneficiary of a Native corporation established under 43 U.S.C.
1601 et seq.
(Alaska Native Claims Settlement Act) or a similar entity, including payment of dividends and issuance of shares.
CSSB 99(EDC) -2- SB0099B New Text Underlined [DELETED TEXT BRACKETED]
SB 99 -2- SB0099A New Text Underlined [DELETED TEXT BRACKETED]
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Action History

  1. (H) -- Recessed to a Call of the Chair --

  2. (H) FINANCE at 10:00 AM ADAMS 519

  3. (H) Minutes (HFIN)

  4. (H) Scheduled but Not Heard -- Recessed to 5/14/24 at 9 AM --

  5. (H) FINANCE at 10:00 AM ADAMS 519

  6. (H) -- MEETING CANCELED --

  7. (H) FINANCE at 10:00 AM ADAMS 519

  8. (H) Minutes (HFIN)

  9. (H) Heard & Held -- Delayed to 4:00 PM --

  10. (H) FINANCE at 01:30 PM ADAMS 519

  11. (H) Scheduled but Not Heard -- Please Note Time Change --

  12. (H) FINANCE at 09:00 AM ADAMS 519

  13. (H) CROSS SPONSOR(S): WRIGHT

  14. (H) REFERRED TO FINANCE

  15. (H) FN2: (EED)

  16. (H) NR: MCKAY, MCCORMICK, ALLARD, RUFFRIDGE

  17. (H) DNP: PRAX

  18. (H) DP: HIMSCHOOT, STORY

  19. (H) EDC RPT HCS(EDC) 2DP 1DNP 4NR

  20. (H) Minutes (HEDC)

  21. (H) Moved HCS CSSB 99(EDC) Out of Committee

  22. (H) EDUCATION at 08:00 AM DAVIS 106

  23. (H) Minutes (HEDC)

  24. (H) Heard & Held

  25. (H) EDUCATION at 08:00 AM DAVIS 106

  26. (H) EDC, FIN

  27. (H) READ THE FIRST TIME - REFERRALS

  28. (S) VERSION: CSSB 99(EDC)

  29. (S) TRANSMITTED TO (H)

  30. (S) EFFECTIVE DATE(S) SAME AS PASSAGE

  31. (S) PASSED Y20 N-

  32. (S) COSPONSOR(S): HUGHES, SHOWER

  33. (S) READ THE THIRD TIME CSSB 99(EDC)

  34. (S) ADVANCED TO THIRD READING 5/13 CAL

  35. (S) EDC CS ADOPTED UC

  36. (S) READ THE SECOND TIME

  37. (S) RULES TO CALENDAR 5/12/23

  38. (S) Minutes (SFIN)

  39. (S) Moved CSSB 99(EDC) Out of Committee

  40. (S) FINANCE at 09:00 AM SENATE FINANCE 532

  41. (S) FN1: (EED)

  42. (S) NR: OLSON, WILSON, MERRICK

  43. (S) DP: HOFFMAN, KIEHL, BISHOP

  44. (S) FIN RPT CS(EDC) 3DP 3NR NEW TITLE

  45. (S) Minutes (SFIN)

  46. (S) Heard & Held

  47. (S) FINANCE at 09:00 AM SENATE FINANCE 532

  48. (S) COSPONSOR(S): BISHOP, STEDMAN, KAWASAKI, STEVENS

  49. (S) FIN REFERRAL ADDED AFTER EDC

  50. (S) FN1: (EED)

  51. (S) AM: BJORKMAN

  52. (S) DP: TOBIN, GRAY-JACKSON, KIEHL

  53. (S) EDC RPT CS 3DP 1AM NEW TITLE

  54. (S) Minutes (SEDC)

  55. (S) Moved CSSB 99(EDC) Out of Committee

  56. (S) EDUCATION at 03:30 PM BELTZ 105 (TSBldg)

  57. (S) -- MEETING CANCELED --

  58. (S) EDUCATION at 03:30 PM BELTZ 105 (TSBldg)

  59. (S) Minutes (SEDC)

  60. (S) Heard & Held

  61. (S) EDUCATION at 03:30 PM BELTZ 105 (TSBldg)

  62. (S) Minutes (SEDC)

  63. (S) Heard & Held

  64. (S) EDUCATION at 03:30 PM BELTZ 105 (TSBldg)

  65. (S) COSPONSOR(S): KAUFMAN

  66. (S) COSPONSOR(S): MYERS

  67. (S) COSPONSOR(S): GIESSEL, GRAY-JACKSON, TOBIN, CLAMAN

  68. (S) EDC

  69. (S) READ THE FIRST TIME - REFERRALS

Sponsors

Sponsorship breakdown

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1 sponsors · 13 co-sponsors · 51 not signed on

Sponsors (1)

Co-sponsors (13)

Not signed on (51)

51 members have not signed on to this bill.

Show all 51 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

finance education
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Frequently asked questions

Who sponsors SB 99?
SB 99 is sponsored by Wright, Gary Stevens (R), Scott Kawasaki (D), Bert Stedman (R), Bishop, James Kaufman (R), Robert Myers (R), Matt Claman (D), Löki Tobin (D), Elvi Gray-Jackson (D), Cathy Giessel (R), Bill Wielechowski (D), Shelley Hughes (R), and Mike Shower (R).
What is the current status of SB 99?
This bill died with 33rd Legislature (2023-2024). It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 99?
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