2025 Regular SessionKentucky Legislature

HB342: AN ACT relating to financial literacy.

Legislative Summary

Amend KRS 158.1411 to require one credit in financial literacy during the eleventh or twelfth grade for students entering grade nine during or after the 2026-2027 school year; direct minimum topics to be covered in the course; direct that the financial literacy course be accepted as a math, social studies, or elective course graduation requirement; require the Department of Education, in collaboration with the Kentucky Financial Empowerment Commission, to determine which courses meet the financial literacy course requirement.

Demographic Impact

Overall analysis of equity impact

80% Positive
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Bill History

2/5/2025
introduced in House
House of Representatives
2/5/2025
to Committee on Committees (H)
House of Representatives
2/7/2025
to Primary and Secondary Education (H)
House of Representatives
2/26/2025
reported favorably, 1st reading, to Calendar
House of Representatives
2/27/2025
2nd reading, to Rules
House of Representatives
2/27/2025
posted for passage in the Regular Orders of the Day for Friday, February 28, 2025
House of Representatives
3/4/2025
3rd reading, passed 98-0
House of Representatives
3/5/2025
received in Senate
Senate
3/5/2025
to Committee on Committees (S)
Senate
3/7/2025
to Education (S)
Senate
3/11/2025
taken from Education (S)
Senate
3/11/2025
1st reading
Senate
3/11/2025
returned to Education (S)
Senate
3/12/2025
taken from Education (S)
Senate
3/12/2025
2nd reading
Senate
3/12/2025
returned to Education (S)
Senate
3/13/2025
reported favorably, to Rules with Committee Substitute (1)
Senate
3/14/2025
posted for passage in the Regular Orders of the Day for Friday, March 14, 2025
Senate
3/14/2025
3rd reading, passed 36-0 with Committee Substitute (1)
Senate
3/14/2025
received in House
House of Representatives
3/14/2025
to Rules (H)
House of Representatives
3/14/2025
posted for passage for concurrence in Senate Committee Substitute (1)
House of Representatives
3/14/2025
House concurred in Senate Committee Substitute (1)
House of Representatives
3/14/2025
passed 89-0
House of Representatives
3/14/2025
enrolled, signed by Speaker of the House
House of Representatives
3/14/2025
enrolled, signed by President of the Senate
House of Representatives
3/14/2025
delivered to Governor
House of Representatives
3/24/2025
signed by Governor (Acts Ch. 58)
House of Representatives

Amendments

Senate Committee Substitute

Senate Committee Substitute 1

Not Adopted

Roll Call Votes

House: Third Reading RCS# 301
3/14/2025
89
Yea
0
Nay
0
Not Voting
11
Absent
Result: PASSED
Senate: Third Reading W/scs1 RSN# 3567
3/14/2025
36
Yea
0
Nay
0
Not Voting
2
Absent
Result: PASSED
House: Third Reading RCS# 134
3/4/2025
98
Yea
0
Nay
0
Not Voting
2
Absent
Result: PASSED

Status Information

Current Status
Passed(3/24/2025)
Chamber
House of Representatives

Documents

Introduced
Bill Text1/1/197022.0 KB
Engrossed
Bill Text1/1/197022.1 KB
Enrolled
Bill Text1/1/197023.0 KB
Chaptered
Bill Text1/1/197021.4 KB
Vote Image
Vote Image3/15/202542.4 KB