Illinois HB 5533: SCH CD-FINANCIAL LITERACY

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB5533

Introduced 2/13/2026, by Rep. Jeff Keicher 

SYNOPSIS AS INTRODUCED:

105 ILCS 5/27-305 was 105 ILCS 5/27-12.1

105 ILCS 5/27-605 was 105 ILCS 5/27-22

 Amends the School Code. Requires, beginning with the 2029-2030 school year, for a pupil entering grade 9 to complete one semester of a stand-alone financial literacy course as a prerequisite to receiving a high school diploma, to be taken in grade 11 or 12. Requires the State Board of Education to establish a Financial Literacy Implementation Committee no later than June 30, 2027 to make recommendations to the State Superintendent of Education concerning the implementation of a stand-alone financial literacy course. Makes conforming and other changes. Effective immediately.

LRB104 19960 LNS 33410 b

A BILL FOR

HB5533LRB104 19960 LNS 33410 b

1 AN ACT concerning education.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 1. Purpose. The General Assembly has determined 

5that it is in the best interests of the State and the State's 

6citizens that all high school students be required to take a 

7one semester course in financial literacy prior to graduation. 

8Financial literacy is essential for students to make informed 

9decisions about budgeting, saving, investing, credit 

10management, and long-term financial planning. Many young 

11adults enter the workforce without adequate knowledge of 

12personal finance, leading to poor financial decisions that can 

13impact their economic well-being throughout their lives. 

14Requiring financial literacy education in high schools will 

15better prepare students for financial independence and 

16economic suc