TO REQUIRE THE DIVISION OF HIGHER EDUCATION TO DEVELOP AN ASYNCHRONOUS MODULE ON THE CONCEPTS OF PERSONAL F...
The bill mandates the Division of Higher Education to create a module on personal finance and macroeconomics, to be distributed to students enrolled in higher education institutions. The module aims to help students better manage their finances and reduce student loan debt.
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SB 694 — TO REQUIRE THE DIVISION OF HIGHER EDUCATION TO DEVELOP AN ASYNCHRONOUS MODULE ON THE CONCEPTS OF PERSONAL FINANCE AND MACROECONOMICS FOR DISTRIBUTION TO STUDENTS ENROLLED IN INSTITUTIONS OF HIGHER EDUCATION.
Last action — Notification that SB694 is now Act 1038
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced April 16, 2021. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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2 sponsors
2 primary, 0 co-sponsors signed on.
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Cleared a recorded vote
Passed 2 recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
In plain language
This bill requires a personal finance and macroeconomics module for higher education students in Arkansas.
The bill mandates the Division of Higher Education to create a module on personal finance and macroeconomics, to be distributed to students enrolled in higher education institutions. The module aims to help students better manage their finances and reduce student loan debt.
What this means for you
- Students: This means that you will have access to resources that can help you manage your finances better.
Bill Text
- SB 694 Current pdf
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
This bill establishes a requirement for the Division of Higher Education to develop and implement a personal finance and macroeconomics module for students in Arkansas higher education institutions.
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6-60-116
Personal finance and macroeconomics action plan. (a) By August 1, 2022, the Division of Higher Education, in collaboration with all public university and community college presidents and chancellors or their designees, shall develop an asynchronous module on the concepts of personal finance and macroeconomics. (b) The module shall: (1) Be taken by all students in accordance with the rules developed by the division; (2) Incorporate personal finance and macroeconomics information for students through advising and student orientation; (3) Integrate information about personal finance and macroeconomics into academic courses if and when appropriate; (4) Identify opportunities to increase awareness and knowledge of and provide resources for personal finance and macroeconomics across the entire student population; and (5) Identify other topics or issues relating to personal finance and macroeconomics. (c) If an institution of higher education has already implemented any portion of this module as described in subsection (b) of this section, the institution of higher education may submit a report to the division detailing the portion of this module that the institution of higher education has fulfilled. (d) The division shall: (1) Present the module to the Legislative Council upon its completion but no later than August 1, 2022; and (2) Report on the status of the module annually to: (A) The Chair of the Senate Committee on Education; and (B) The Chair of the House Committee on Education. (e) The Division of Higher Education may: (1) Promulgate rules to implement this section; and (2) Work with other organizations to develop the module required under this section.
The bill adds a requirement for the creation of a personal finance and macroeconomics module that all higher education students must complete.
Action History
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Notification that SB694 is now Act 1038
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DELIVERED TO GOVERNOR.
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Reported correctly enrolled and ordered delivered to the Governor.
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ORDERED ENROLLED
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Returned from the House as passed.
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Returned To the Senate as passed.
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Read the third time and passed and ordered transmitted to the Senate.
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Returned by the Committee Do Pass
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Read the first time, rules suspended, read the second time and referred to the Committee on EDUCATION COMMITTEE- HOUSE
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RECEIVED FROM THE SENATE
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Ordered immediately transmitted to the House.
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Read the third time and passed.
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Returned by the Committee, with the recommendation that it Do Pass
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Read first time, rules suspended, read second time, referred to EDUCATION COMMITTEE - SENATE
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Filed
Sponsors
- Beckham · Primary
- Richard Womack · Primary
Sponsorship breakdown
Export CSV (upgrade) →2 sponsors · 0 co-sponsors · 136 not signed on · 7 voted No
Sponsors (2)
- Beckham
- Richard Womack
Co-sponsors (0)
None.
Not signed on (136)
136 members have not signed on to this bill.
Show all 136 →"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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 93 | 7 | 0 | 0 |
| Total | 93 | 7 | 0 | 0 |
| % of votes cast | 93% | 7% | 0% | 0% |
How each member voted (100)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 35 | 0 | 0 | 0 |
| Total | 35 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (35)
| Member | Party | Vote |
|---|---|---|
| Beckham | — | Yea |
| Bledsoe | — | Yea |
| Elliott | — | Yea |
| Rapert | — | Yea |
| Teague | — | Yea |
| Alan Clark | — | Yea |
| B. Ballinger | — | Yea |
| B. Sample | — | Yea |
| Bart Hester | — | Yea |
| Ben Gilmore | — | Yea |
| Blake Johnson | — | Yea |
| Breanne Davis | — | Yea |
| C. Tucker | — | Yea |
| Dan Sullivan | — | Yea |
| Dave Wallace | — | Yea |
| G. Stubblefield | — | Yea |
| Greg Leding | — | Yea |
| J. Hendren | — | Yea |
| J. Sturch | — | Yea |
| Jane English | — | Yea |
| Jimmy Hickey, Jr | — | Yea |
| Jonathan Dismang | — | Yea |
| K. Ingram | — | Yea |
| Kim Hammer | — | Yea |
| L. Chesterfield | — | Yea |
| L. Eads | — | Yea |
| M. Pitsch | — | Yea |
| Mark Johnson | — | Yea |
| Missy Irvin | — | Yea |
| Ricky Hill | — | Yea |
| Ronald Caldwell | — | Yea |
| S. Flowers | — | Yea |
| Scott Flippo | — | Yea |
| T. Garner | — | Yea |
| Terry Rice | — | Yea |
Subjects
Frequently asked questions
- Who sponsors SB 694?
- SB 694 is sponsored by Beckham and Richard Womack.
- What is the current status of SB 694?
- This bill has been enacted into law. Introduced April 16, 2021. Enacted.
- Where can I track SB 694?
- Track SB 694 free on One Click Politics — get push/email alerts when it moves.
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