Education - As enacted, requires that state board of education mandate revisions to financial literacy education, including as component on certain achievement tests, after recommendations made by financial literacy commission. - Amends TCA Title 49, Chapter 1, Part 3 and Title 49, Chapter 7, Part 31.
SB0912 has been assigned Public Chapter Number 212 by the Secretary of State.
  • Bill History
  • Amendments
  • Video
  • Summary
  • Fiscal Note
  • Votes
  • Actions For SB0912Date
    Pub. Ch. 212 05/25/2011
    Effective date(s) 05/20/1105/25/2011
    Signed by Governor.05/20/2011
    Transmitted to Gov. for action.05/10/2011
    Signed by H. Speaker05/10/2011
    Signed by S. Speaker05/09/2011
    Enrolled and ready for signatures05/04/2011
    Passed H., Ayes 98, Nays 0 05/04/2011
    Am. withdrawn.(Amendment 1 - HA0117)05/04/2011
    Subst. for comp. HB.05/04/2011
    Rcvd. from S., held on H. desk.04/21/2011
    Engrossed; ready for transmission to House04/18/2011
    Sponsor(s) Added.04/18/2011
    Passed S. as am., Ayes 30, Nays 0, PNV 204/18/2011
    S. adopted am.(Amendment 1 of 0 - SA0250)04/18/2011
    Placed on Senate Regular Calendar cal. for 4/18/201104/14/2011
    Sponsor(s) Added.04/14/2011
    Rec. for pass. w/ am., ref. to S. Cal. Comm. Ayes 8, Nays 0 PNV 004/13/2011
    Placed on S. Ed. Comm. cal. for 4/13/201104/07/2011
    P2C, ref. to S. Ed. Comm.02/23/2011
    Intro., P1C.02/17/2011
    Filed for intro.02/16/2011
    Actions For HB0964Date
    Comp. became Pub. Ch. 21205/25/2011
    Comp. SB subst. 05/04/2011
    Sponsor(s) Added.05/04/2011
    H. Placed on Regular Calendar for 5/4/201104/28/2011
    Reset on Next Available Regular cal.04/28/2011
    H. Placed on Regular Calendar for 4/28/201104/27/2011
    Reset on Next Available Regular cal.04/27/2011
    H. Placed on Regular Calendar for 4/27/201104/21/2011
    Placed on cal. Calendar & Rules Committee for 4/21/201104/20/2011
    Rec. For Pass. ref. to: Calendar & Rules Committee04/19/2011
    Placed on cal. Finance, Ways & Means Committee for 4/19/201104/13/2011
    Rec. For Pass. by s/c ref. to Finance, Ways & Means Committee 04/13/2011
    Placed on s/c cal Finance Subcommittee for 4/13/201104/06/2011
    Assigned to s/c Finance Subcommittee03/31/2011
    Rec. for Pass. if Am. ref. to: Finance, Ways & Means Committee03/29/2011
    Placed on cal. Education Committee for 3/29/201103/23/2011
    Action Def. in Education Committee to 3/29/201103/15/2011
    Placed on cal. Education Committee for 3/15/201103/09/2011
    Action Def. in Education Committee to 3/15/201103/01/2011
    Placed on cal. Education Committee for 3/1/201102/23/2011
    P2C, ref. to Education Committee02/17/2011
    Intro., P1C.02/16/2011
    Filed for intro.02/15/2011
  • AmendmentsFiscal Memos
    SA0250Amendment 1-1 to SB0912Fiscal Memo for SA0250 (5323)  
    AmendmentsFiscal Memos
    HA0117Amendment 1-1 to HB0964Fiscal Memo for HA0117 (5323)  

    NOTE: Each fiscal memorandum applies only to the amendment(s) identified in the memorandum. The fiscal memorandum must be matched to any amendments that have been adopted.

  • Videos containing keyword: SB0912

  • Fiscal Summary

    Not Available


    Bill Summary

    This bill directs the state board of education to develop guidelines for the use of LEAs to strengthen personal finance standards and to require that certain financial literacy concepts are included as an additional social studies concept for standardized achievement testing for grades five and eight.

    This bill requires that such guidelines be developed based on recommendations of the financial literacy commission, which is provided for under present law. Present law details the purposes of the commission, and this bill adds the following to the commission's list of purposes:

    (1) Conduct a formal review of the current personal finance standards taught in grades K-8 and recommend revisions, including, but not limited to, integrating financial education into reading, language arts and math. Such recommendations must be presented to the state board of education for consideration of statewide applicability; and
    (2) Develop, and report to the state board of education, the means to include in existing standardized achievement testing for grades five and eight, as an additional social studies component, the following personal finance concepts: decision-making, earning an income, saving and spending, use of credit, and budgeting.

    ON APRIL 18, 2011, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 912, AS AMENDED.

    AMENDMENT #1 requires that the financial literacy commission provide the recommendations described in (1) and (2) of the bill summary to the department of education, in addition to providing such recommendations to the state board of education.

    This amendment replaces this bill's requirement that the state board of education require that financial literacy concepts be included as a social studies concept for standardized testing in grades five and eight. This amendment instead requires that the board require that financial literacy concepts be included as a part of the standards for social studies that the board approves.

  • No fiscal note for this bill.
  • House Floor and Committee Votes

    House moved to substitute and conform to HB0964

    SB0912 by Overbey - FLOOR VOTE: PASSAGE ON THIRD CONSIDERATION 5/4/2011
    Passed
              Ayes...............................................98
              Noes................................................0

              Representatives voting aye were: Alexander, Armstrong, Bass, Brooks H, Brooks K, Brown, Butt, Campbell, Camper, Carr, Casada, Casada, Cobb, Coley, Cooper, Curtiss, Dean, DeBerry J, DeBerry L, Dennis, Dunn, Elam, Eldridge, Evans, Faison, Favors, Fitzhugh, Fitzhugh, Floyd, Ford, Forgety, Gilmore, Gotto, Halford, Hall, Hardaway, Harmon, Harrison, Harwell, Hawk, Hawk, Haynes, Hensley, Hill, Holt, Hurley, Johnson C, Johnson C, Johnson P, Jones S, Keisling, Kernell, Lollar, Lundberg, Maggart, Marsh, Matheny, Matlock, McCormick, McCormick, McDaniel, McDaniel, McDonald, McManus, Miller D, Miller L, Montgomery, Moore, Naifeh, Niceley, Odom, Parkinson, Pitts, Pody, Powers, Pruitt, Ragan, Ramsey, Rich, Richardson, Roach, Sanderson, Sargent, Sexton, Shaw, Shepard, Shipley, Sontany, Sparks, Stewart, Swann, Tidwell, Tindell, Todd, Towns, Turner J, Watson, Weaver, White, Williams K, Williams R, Windle, Wirgau, Womick, Mr. Speaker Harwell, Mr. Speaker Naifeh, Mr. Speaker Williams K -- 98.

              HB0964 by Coley - HOUSE CALENDAR & RULES COMMITTEE:
    Recommended for passage - refer to: House Regular Calendar 1 4/21/2011
              Voice Vote - Ayes Prevail

              HB0964 by Coley - HOUSE FINANCE, WAYS & MEANS COMMITTEE:
    Recommended for passage - refer to: Calendar & Rules Committee 4/19/2011
              Voice Vote - Ayes Prevail

              HB0964 by Coley - HOUSE FINANCE, WAYS & MEANS SUBCOMMITTEE:
    Recommended for passage - refer to: Finance, Ways & Means Committee 4/13/2011
              Voice Vote - Ayes Prevail

              HB0964 by Coley - HOUSE EDUCATION ADMINISTRATION & PLANNING COMMITTEE:
    Recommended for passage w/amendments- refer to: Finance, Ways & Means Committee 3/29/2011
              Voice Vote - Ayes Prevail

    Senate Floor and Committee Votes

    SB0912 by Overbey - FLOOR VOTE: THIRD CONSIDERATION AMENDED 4/18/2011
    Passed
              Ayes...............................................30
              Noes................................................0

              Senators voting aye were: Barnes, Beavers, Bell, Berke, Burks, Campfield, Crowe, Faulk, Finney L, Ford, Gresham, Harper, Haynes, Henry, Herron, Johnson, Kelsey, Ketron, Marrero, McNally, Norris, Overbey, Ramsey, Roberts, Southerland, Tate, Tracy, Watson, Woodson, Yager, Mr. Speaker McNally, Mr. Speaker Ramsey -- 30.

              SB0912 by Overbey - FLOOR VOTE: MOTION TO ADOPT AMEND# 1 BY Gresham 4/18/2011
              VOICE VOTE: Failed

    SB0912 by Overbey - SENATE EDUCATION COMMITTEE:
    Recommended for passage w/amendments- refer to: S. Cal. Comm. 4/13/2011
    Passed
              Ayes................................................8
              Noes................................................0

              Senators voting aye were: Berke, Burks, Crowe, Gresham, Kelsey, Summerville, Tate, Tracy -- 8.