Illinois 95th Regular Session Status: Enacted 3 D cosponsors

SB 2387 — SCH CD-CONSUMER ED-HOMEOWNER

Last action — Public Act . . . . . . . . . 95-0863

Track this bill free

No card. One bill, free forever — alerts when it moves.

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

This bill has been enacted into law. Introduced February 14, 2008. Enacted.

Prognosis

Likely to advance 82% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 12 sponsors

    0 primary, 12 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (3 D).

  • 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.

Summary

Amends the School Code. Adds homeownership, including the basic process of obtaining a mortgage and the concepts of fixed and adjustable rate mortgages, subprime loans, and predatory lending, as part of the financial literacy component of consumer education.

Bill Text

What changed in the latest version

4 added · 4 removed

Plain-language change summary

The updated version of Bill SB 2387 has replaced some lines from its previous draft with new ones. This change indicates that specific details or wording in the bill have been revised for clarity or accuracy. These amendments are important because they can affect how the bill is interpreted and implemented, ultimately impacting the people or sectors it aims to regulate. Clear and precise language in legislation helps ensure that the law functions as intended.

→
Previous
Latest
SB2387 Engrossed LRB095 19213 NHT 45464 b AN ACT concerning education.
SB2387 Enrolled LRB095 19213 NHT 45464 b AN ACT concerning education.
(a) Subject to the provisions of subsection (b) of this Section, pupils in the public schools in grades 9 through 12 shall be taught and be required to study courses which include instruction in the area of consumer education, including but not necessarily limited to (i) understanding the basic concepts of financial literacy, including installment purchasing (including credit scoring, managing credit debt, and completing a loan application), budgeting, savings and investing, banking (including balancing a checkbook, opening a deposit account, and the use of interest rates), understanding simple contracts, State and federal income taxes, personal insurance policies, and the comparison of prices, and homeownership (including the basic process of obtaining a mortgage and the concepts of fixed and adjustable rate mortgages, subprime loans, and predatory lending), and (ii) understanding the roles of consumers interacting with SB2387 Engrossed - 2 - LRB095 19213 NHT 45464 b agriculture, business, labor unions and government in formulating and achieving the goals of the mixed free enterprise system.
(a) Subject to the provisions of subsection (b) of this Section, pupils in the public schools in grades 9 through 12 shall be taught and be required to study courses which include instruction in the area of consumer education, including but not necessarily limited to (i) understanding the basic concepts of financial literacy, including installment purchasing (including credit scoring, managing credit debt, and completing a loan application), budgeting, savings and investing, banking (including balancing a checkbook, opening a deposit account, and the use of interest rates), understanding simple contracts, State and federal income taxes, personal insurance policies, and the comparison of prices, and homeownership (including the basic process of obtaining a mortgage and the concepts of fixed and adjustable rate mortgages, subprime loans, and predatory lending), and (ii) understanding the roles of consumers interacting with SB2387 Enrolled - 2 - LRB095 19213 NHT 45464 b agriculture, business, labor unions and government in formulating and achieving the goals of the mixed free enterprise system.
The test shall be devised and developed by the State Board of Education each year in a standardized manner to allow any pupil who takes the same and who achieves a score thereon which is not less than the minimum score established by the State Board of Education for the test so taken to thereby demonstrate sufficient proficiency in the area of consumer education as shall excuse such pupil from the necessity of receiving, as a SB2387 Engrossed - 3 - LRB095 19213 NHT 45464 b prerequisite to graduation from high school and receipt of a high school diploma, the minimum amount of instruction in a consumer education curriculum otherwise required by subsection (a) and the rules or regulations promulgated thereunder.
The test shall be devised and developed by the State Board of Education each year in a standardized manner to allow any pupil who takes the same and who achieves a score thereon which is not less than the minimum score established by the State Board of Education for the test so taken to thereby demonstrate sufficient proficiency in the area of consumer education as shall excuse such pupil from the necessity of receiving, as a SB2387 Enrolled - 3 - LRB095 19213 NHT 45464 b prerequisite to graduation from high school and receipt of a high school diploma, the minimum amount of instruction in a consumer education curriculum otherwise required by subsection (a) and the rules or regulations promulgated thereunder.
SB2387 Engrossed - 4 - LRB095 19213 NHT 45464 b (4) Funding activities, including books, games, field trips, computers, and other activities, related to financial literacy education.
SB2387 Enrolled - 4 - LRB095 19213 NHT 45464 b (4) Funding activities, including books, games, field trips, computers, and other activities, related to financial literacy education.
⬇ Download PDF
View plain text versions (3)

Action History

  1. Public Act . . . . . . . . . 95-0863

  2. Effective Date January 1, 2009

  3. Governor Approved

  4. Sent to the Governor

  5. Passed Both Houses

  6. Third Reading - Short Debate - Passed 102-008-000

  7. Placed on Calendar Order of 3rd Reading - Short Debate

  8. Second Reading - Short Debate

  9. Added Alternate Co-Sponsor Rep. LaShawn K. Ford

  10. Added Alternate Co-Sponsor Rep. Elaine Nekritz

  11. Added Alternate Co-Sponsor Rep. Elga L. Jefferies

  12. Added Alternate Co-Sponsor Rep. Daniel J. Burke

  13. Added Alternate Co-Sponsor Rep. Elizabeth Hernandez

  14. Added Alternate Co-Sponsor Rep. William Davis

  15. Added Alternate Co-Sponsor Rep. Al Riley

  16. Added Alternate Co-Sponsor Rep. Charles E. Jefferson

  17. Added Alternate Co-Sponsor Rep. Marlow H. Colvin

  18. Added Alternate Co-Sponsor Rep. Esther Golar

  19. Added Alternate Co-Sponsor Rep. Monique D. Davis

  20. Placed on Calendar 2nd Reading - Short Debate

  21. Do Pass / Short Debate Elementary & Secondary Education Committee; 014-004-000

  22. Committee Deadline Extended-Rule 9(b) May 23, 2008

  23. Assigned to Elementary & Secondary Education Committee

  24. Referred to Rules Committee

  25. First Reading

  26. Added Alternate Chief Co-Sponsor Rep. Deborah L. Graham

  27. Added Alternate Chief Co-Sponsor Rep. Cynthia Soto

  28. Added Alternate Chief Co-Sponsor Rep. Michael K. Smith

  29. Added Alternate Chief Co-Sponsor Rep. Paul D. Froehlich

  30. Chief House Sponsor Rep. Karen A. Yarbrough

  31. Placed on Calendar Order of First Reading

  32. Arrived in House

  33. Third Reading - Passed; 042-008-000

  34. Added as Chief Co-Sponsor Sen. Mattie Hunter

  35. Added as Co-Sponsor Sen. David Koehler

  36. Placed on Calendar Order of 3rd Reading March 13, 2008

  37. Second Reading

  38. Placed on Calendar Order of 2nd Reading March 11, 2008

  39. Do Pass Education; 008-001-000

  40. Added as Co-Sponsor Sen. Linda Holmes

  41. Assigned to Education

  42. Referred to Rules

  43. First Reading

  44. Filed with Secretary by Sen. Jacqueline Y. Collins

Sponsors

  • Lisa Hernandez · Cosponsor
  • Monique D. Davis · Cosponsor
  • Esther Golar · Cosponsor
  • Marlow H. Colvin · Cosponsor
  • Charles E. Jefferson · Cosponsor
  • Al Riley · Cosponsor
  • William "Will" Davis · Cosponsor
  • Daniel J. Burke · Cosponsor
  • Elga L. Jefferies · Cosponsor
  • Elaine Nekritz · Cosponsor
  • La Shawn K. Ford · Cosponsor
  • Lakesia Collins · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 12 co-sponsors · 171 not signed on · 3 voted No

Sponsors (0)

None.

Co-sponsors (12)

Not signed on (171)

171 members have not signed on to this bill.

Show all 171 →

"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

Third Reading

Passed 102 Yea · 8 Nay · 8 Other
Party YeaNayPresentNot Voting
Unaffiliated 92607
Democrat 8001
Republican 2200
Total 102808
% of votes cast 86%7%0%7%
How each member voted (118)
Member Party Vote
Granberg — Yea
Myers — Yea
Jefferson — Yea
Mitchell, Jerry — Nay
Bradley, Richard — Not Voting
Watson — Not Voting
Pritchard — Nay
Washington — Not Voting
Dunn — Not Voting
Jefferies — Not Voting
Lang — Yea
Leitch — Yea
Lindner — Yea
May — Yea
Reitz — Yea
Lyons — Yea
Dugan — Yea
Dunkin — Yea
Durkin — Yea
Eddy — Yea
Flider — Yea
Madigan — Yea
McAuliffe — Yea
Mendoza — Yea
Meyer — Yea
Molaro — Yea
McGuire — Yea
Mulligan — Yea
Munson — Yea
Nekritz — Yea
Bradley, John — Yea
Phelps — Yea
Brady — Yea
Mitchell, Bill — Yea
Pihos — Yea
Schock — Yea
Tryon — Yea
Burke — Yea
Sullivan — Yea
Turner — Yea
Verschoore — Yea
Hannig — Yea
Wait — Yea
Harris — Yea
Winters — Yea
Yarbrough — Yea
Hernandez — Yea
Younge — Yea
Howard — Yea
Davis, Monique — Yea
Coladipietro — Yea
Cole — Yea
Cross — Yea
Cultra — Yea
Currie — Yea
D'Amico — Yea
Flowers — Yea
Fortner — Yea
Franks — Yea
Fritchey — Yea
Froehlich — Yea
Gordon — Yea
Graham — Yea
Hamos — Yea
Hassert — Yea
Holbrook — Yea
Jakobsson — Yea
Kosel — Yea
Osmond — Yea
Osterman — Not Voting
Patterson — Yea
Poe — Yea
Ramey — Yea
Reboletti — Yea
Reis — Nay
Riley — Yea
Ryg — Yea
Sacia — Yea
Saviano — Yea
Schmitz — Nay
Scully — Yea
Sommer — Yea
Soto — Yea
Krause — Yea
Acevedo — Yea
Arroyo — Yea
Bassi — Nay
Beaubien — Yea
Beiser — Yea
Bellock — Yea
Mathias — Yea
Berrios — Yea
Mautino — Yea
Biggins — Yea
Black — Not Voting
Boland — Yea
Bost — Yea
Brauer — Nay
Brosnahan — Yea
Colvin — Yea
McCarthy — Yea
Moffitt — Yea
Coulson — Yea
Golar — Yea
Chapa LaVia — Yea
Fred Crespo Democrat Yea
Jay Hoffman Democrat Yea
La Shawn K. Ford Democrat Yea
Lakesia Collins Democrat Yea
Nicholas K. Smith Democrat Yea
Patrick J. Joyce Democrat Yea
Robert "Bob" Rita Democrat Yea
Sara Feigenholtz Democrat Yea
William "Will" Davis Democrat Not Voting
Brad Stephens Republican Nay
Chapin Rose Republican Nay
Chris Miller Republican Yea
Jil Tracy Republican Yea

Official roll call →

Third Reading

Passed 42 Yea · 8 Nay · 9 Other
Party YeaNayPresentNot Voting
Unaffiliated 35707
Democrat 7002
Republican 0100
Total 42809
% of votes cast 71%14%0%15%
How each member voted (59)
Member Party Vote
Halvorson — Yea
Hultgren — Not Voting
Noland — Yea
Kotowski — Yea
Lauzen — Not Voting
Link — Yea
Luechtefeld — Nay
Maloney — Yea
Meeks — Yea
Millner — Yea
Pankau — Yea
Peterson — Not Voting
Sullivan — Yea
Munoz — Yea
Schoenberg — Yea
Silverstein — Yea
Steans — Yea
Cullerton — Yea
Jacobs — Yea
Demuzio — Yea
Trotter — Yea
Viverito — Yea
Watson — Nay
Jones, J. — Nay
Brady — Not Voting
Wilhelmi — Yea
Clayborne — Yea
Cronin — Not Voting
Crotty — Yea
Dahl — Not Voting
DeLeo — Yea
Dillard — Yea
Forby — Yea
Frerichs — Yea
Garrett — Yea
Haine — Yea
Hendon — Yea
Radogno — Yea
Raoul — Yea
Righter — Not Voting
Risinger — Nay
Rutherford — Nay
Sandoval — Yea
Althoff — Nay
Martinez — Yea
Bivins — Yea
Bomke — Nay
Bond — Yea
Burzynski — Yea
David Koehler Democrat Yea
Don Harmon Democrat Not Voting
Emil Jones, III Democrat Yea
Eva-Dina Delgado Democrat Yea
Kimberly A. Lightford Democrat Not Voting
Lakesia Collins Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Nay

Official roll call →

Subjects

finance education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 2387 do?
Amends the School Code. Adds homeownership, including the basic process of obtaining a mortgage and the concepts of fixed and adjustable rate mortgages, subprime loans, and predatory lending, as part of the financial literacy component of consumer education.
Who sponsors SB 2387?
SB 2387 is sponsored by Hernandez, Lisa, Monique D. Davis, Esther Golar, Marlow H. Colvin, Charles E. Jefferson, Al Riley, William "Will" Davis (Democrat), Daniel J. Burke, Elga L. Jefferies, Elaine Nekritz, La Shawn K. Ford (Democrat), and Lakesia Collins (Democrat).
What is the current status of SB 2387?
This bill has been enacted into law. Introduced February 14, 2008. Enacted.
Where can I track SB 2387?
Track SB 2387 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 2387

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 2387

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →