AB 2927

  • California Assembly Bill
  • 2023-2024 Regular Session
  • Introduced in Assembly
  • Passed Assembly May 22, 2024
  • Passed Senate Jun 27, 2024
  • Signed by Governor Jun 29, 2024

Pupil instruction: high school graduation requirements: personal finance.

Abstract

(1) 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. This bill would add the completion of a separate, stand-alone one-semester course in personal finance, that is prohibited from being combined with any other course, to the graduation requirements commencing with pupils graduating in the 2030–31 school year, including for pupils enrolled in a charter school. The bill would authorize, commencing with pupils graduating in the 2030–31 school year, including for pupils enrolled in a charter school, a pupil who completes a separate, stand-alone one-semester course in personal finance, that is not combined with any other course, to elect to be exempt from the graduation requirement to complete a one-semester course in economics. The bill would require local educational agencies, including charter schools, to offer in all of its high schools a separate, stand-alone one-semester course in personal finance, that is not combined with any other course, commencing with the 2027–28 school year, as provided. By imposing new duties on local educational agencies, this bill would impose a state-mandated local program. (2) 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 financial literacy for kindergarten and grades 1 to 12, inclusive, as provided. This bill would revise and recast the list of financial literacy topics for the commission to consider including when revising the history-social science framework, as applied to kindergarten and grades 1 to 12, inclusive. The bill would also require, on or before May 31, 2026, the state board to adopt a curriculum guide and resources for the above-described separate, stand-alone one-semester course in personal finance based on a curriculum guide and resources developed and recommended by the commission. The bill would require the curriculum guide and resources to include all of, and only, the financial literacy topics considered by the commission as part of the history-social science framework revision, and would also require the above-described separate, stand-alone one-semester course in personal finance to include all of, and only, those topics, as provided. The bill would appropriate $300,000 from the General Fund to the commission for purposes of developing, and recommending to the state board, the curriculum guide and resources. In the event that the state board has not adopted a curriculum guide and resources for this personal finance course by May 31, 2026, the bill would require local educational agencies, including charter schools, to locally develop the curriculum and resources to offer this personal finance course, as provided. By imposing new obligations on local educational agencies, the bill would impose a state-mandated local program. (3) Existing law requires the Commission on Teacher Credentialing, among other duties, to establish standards for the issuance and renewal of credentials, certificates, and permits. Existing law requires the commission to issue a single subject teaching credential only in specified subjects. Existing law authorizes the commission to grant an added or supplementary authorization to a credentialholder who has met the requirements and standards of the commission for the added or supplementary authorization. This bill would expressly authorize an individual holding a single subject teaching credential in Social Science, Business, Mathematics, or Home Economics to teach the above-described personal finance course, and would authorize the commission to additionally establish a supplementary authorization that authorizes individuals holding single subject teaching credentials in other subjects to teach the above-described personal finance course. (4) The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that, if the Commission on State Mandates determines that the bill contains costs mandated by the state, reimbursement for those costs shall be made pursuant to the statutory provisions noted above. (5) This bill would declare that it is to take effect immediately as an urgency statute.

Bill Sponsors (18)

Votes


Actions


Jun 29, 2024

California State Legislature

Approved by the Governor.

California State Legislature

Chaptered by Secretary of State - Chapter 37, Statutes of 2024.

Jun 27, 2024

Assembly

Urgency clause adopted. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0. Page 6085.).

Assembly

Assembly Rule 63 suspended. (Page 6083.)

Assembly

Assembly Rule 77 suspended. (Page 6083.)

Senate

Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 39. Noes 0.).

Assembly

In Assembly. Concurrence in Senate amendments pending. May be considered on or after June 29 pursuant to Assembly Rule 77.

California State Legislature

Enrolled and presented to the Governor at 2 p.m.

Jun 26, 2024

Senate

Read second time. Ordered to third reading.

Senate

From committee: Do pass. (Ayes 7. Noes 0.) (June 26).

Jun 24, 2024

Senate

From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR.

  • Amendment-Introduction
  • Amendment-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on APPR.

Senate

Joint Rule 62(a) suspended. (Ayes 30. Noes 6. Page 4666.)

Jun 20, 2024

Senate

Read second time and amended. Re-referred to Com. on APPR.

  • Amendment-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on APPR.

Jun 19, 2024

Senate

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (June 19).

Jun 13, 2024

Senate

From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on ED.

  • Amendment-Introduction
  • Amendment-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on ED.

Jun 05, 2024

Senate

Referred to Com. on ED.

  • Referral-Committee
Com. on ED.

May 23, 2024

Senate

In Senate. Read first time. To Com. on RLS. for assignment.

May 22, 2024

Assembly

Read third time. Passed. Ordered to the Senate. (Ayes 72. Noes 0. Page 5517.)

May 20, 2024

Assembly

Read second time. Ordered to third reading.

May 16, 2024

Assembly

Joint Rule 62(a), file notice suspended. (Page 5215.)

Assembly

From committee: Do pass. (Ayes 15. Noes 0.) (May 16).

May 15, 2024

Assembly

In committee: Set, first hearing. Referred to APPR. suspense file.

  • Referral-Committee
APPR APPR. suspense file.

May 01, 2024

Assembly

Re-referred to Com. on APPR.

  • Referral-Committee
Com. on APPR.

Apr 30, 2024

Assembly

Read second time and amended.

Apr 29, 2024

Assembly

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (April 24).

Mar 04, 2024

Assembly

Referred to Com. on ED.

  • Referral-Committee
Com. on ED.

Feb 16, 2024

Assembly

From printer. May be heard in committee March 17.

Feb 15, 2024

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB2927 HTML
02/15/24 - Introduced PDF
04/30/24 - Amended Assembly PDF
06/13/24 - Amended Senate PDF
06/20/24 - Amended Senate PDF
06/24/24 - Amended Senate PDF
06/27/24 - Enrolled PDF
06/29/24 - Chaptered PDF

Related Documents

Document Format
04/22/24- Assembly Education PDF
05/14/24- Assembly Appropriations PDF
05/20/24- ASSEMBLY FLOOR ANALYSIS PDF
06/17/24- Senate Education PDF
06/26/24- Senate Appropriations PDF
06/26/24- Sen. Floor Analyses PDF
06/27/24- ASSEMBLY FLOOR ANALYSIS PDF

Sources

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