SB 1147: Pupil instruction: high school graduation requirements: personal finance.

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

Existing law establishes the Instructional Quality Commission and requires the commission to, among other things, recommend curriculum frameworks to the State Board of Education and consider including, when revising the history-social science curriculum framework, age-appropriate information on specified financial literacy topics for kindergarten and grades 1 to 12, inclusive, as provided.

Existing law requires a pupil to complete designated coursework while in grades 9 to 12, inclusive, in order to receive a diploma of graduation from high school. These graduation requirements include, among others, the completion of 3 courses in social studies, including a one-semester course in economics. Commencing with pupils graduating in the 2030–31 school year, existing law requires the completion of a separate, stand-alone one-semester course in personal finance that is prohibited from being combined with any other course. Existing law requires this personal finance course to include information on all of, and only, the above-described financial literacy topics recommended for inclusion in the revised history-social science curriculum framework. Commencing with the 2027–28 school year, existing law requires a local educational agency with pupils in grades 9 to 12, inclusive, to offer a separate, stand-alone one-semester course in personal finance, and also authorizes a local educational agency to exempt a pupil who completes such a course from the graduation requirement to complete a one-semester course in economics.

If a local educational agency elects to offer a personal finance course offered as part of an integrated, year-long course that is equivalent in quality and rigor to the stand-alone personal finance course and that has a course scope that includes, at a minimum, the above-described financial literacy topics recommended for inclusion in the revised history-social science curriculum framework, this bill would (1) deem that course to satisfy the above-described graduation requirement to complete a stand-alone personal finance course, (2) additionally authorize the local educational agency to exempt a pupil who completes such a course from the graduation requirement to complete a one-semester course in economics, and (3) deem that course to satisfy the above-described requirement on local educational agencies with pupils in grades 9 to 12, inclusive, to offer a separate, stand-alone one-semester course in personal finance.

Sponsors

Sponsors by party (alphabetical): Republican 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. May 14, 2026May 14 hearing: Held in committee and under submission.
2. May 12, 2026Set for hearing May 14.
3. May 11, 2026May 11 hearing: Placed on APPR. suspense file.
4. May 4, 2026Set for hearing May 11.
5. April 28, 2026Read second time and amended. Re-referred to Com. on APPR.
6. April 27, 2026From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0. Page 4007.) (April 22).
7. April 10, 2026Set for hearing April 22.
8. April 8, 2026Re-referred to Coms. on ED. and APPR.
9. March 24, 2026From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
10. February 26, 2026Referred to Com. on RLS.
11. February 19, 2026From printer. May be acted upon on or after March 21.
12. February 18, 2026Introduced. Read first time. To Com. on RLS. for assignment. To print.