---
type: "Bill"
title: "SCH CD-CONSUMER ED-HOMEOWNER"
description: "Amends the School Code. Adds homeownership, including the basic process of obtaining a mortgage and the concepts of fixed and adjustable rate mortgages, subprime loans, and predatory lending, as part of the financial literacy component of consumer education."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "95th"
identifier: "SB 2387"
citation: "Illinois SB 2387 (95th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 44
vote_count: 2
first_action: "2008-02-14"
last_action: "2008-08-19"
source: "openstates"
source_identifier: "ocd-bill/cc50cd75-be37-4278-9379-ec455a84f303"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2387&GAID=9&DocTypeID=SB&LegId=36360&SessionID=51&GA=95"
source_hash: "3152e59fda15840526fba464252b84aa68e89f4d231655b22d12826b15f46600"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois SB 2387 (95th) — SCH CD-CONSUMER ED-HOMEOWNER

Amends the School Code. Adds homeownership, including the basic process of obtaining a mortgage and the concepts of fixed and adjustable rate mortgages, subprime loans, and predatory lending, as part of the financial literacy component of consumer education.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500SB2387&GA=95&SessionId=51&DocTypeId=SB&LegID=36360&DocNum=2387&GAID=9&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500SB2387eng&GA=95&SessionId=51&DocTypeId=SB&LegID=36360&DocNum=2387&GAID=9&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500SB2387enr&GA=95&SessionId=51&DocTypeId=SB&LegID=36360&DocNum=2387&GAID=9&Session=&print=true)

## Votes

- Third Reading — **42–8** (pass) · upper
- Third Reading — **102–8** (pass) · lower

## Sponsors

- Al Riley — cosponsor (person)
- Charles E. Jefferson — cosponsor (person)
- Daniel J. Burke — cosponsor (person)
- Elaine Nekritz — cosponsor (person)
- Elga L. Jefferies — cosponsor (person)
- Elizabeth Hernandez — cosponsor (person)
- Esther Golar — cosponsor (person)
- Jacqueline Y. Collins — primary (person)
- LaShawn K. Ford — cosponsor (person)
- Marlow H. Colvin — cosponsor (person)
- Monique D. Davis — cosponsor (person)
- William Davis — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2008-02-14** Filed with Secretary by Sen. Jacqueline Y. Collins `filing`
- **2008-02-14** First Reading `reading-1`
- **2008-02-14** Referred to Rules `referral-committee`
- **2008-02-27** Assigned to Education `referral-committee`
- **2008-02-28** Added as Co-Sponsor Sen. Linda Holmes
- **2008-03-06** Do Pass Education; 008-001-000 `committee-passage`
- **2008-03-06** Placed on Calendar Order of 2nd Reading March 11, 2008
- **2008-03-12** Second Reading `reading-2`
- **2008-03-12** Placed on Calendar Order of 3rd Reading March 13, 2008
- **2008-04-01** Added as Co-Sponsor Sen. David Koehler
- **2008-04-01** Added as Chief Co-Sponsor Sen. Mattie Hunter
- **2008-04-01** Third Reading - Passed; 042-008-000 `reading-3, passage`
- **2008-04-01** Arrived in House `introduction`
- **2008-04-01** Placed on Calendar Order of First Reading `reading-1`
- **2008-04-02** Chief House Sponsor Rep. Karen A. Yarbrough
- **2008-04-02** Added Alternate Chief Co-Sponsor Rep. Paul D. Froehlich
- **2008-04-02** Added Alternate Chief Co-Sponsor Rep. Michael K. Smith
- **2008-04-02** Added Alternate Chief Co-Sponsor Rep. Cynthia Soto
- **2008-04-02** Added Alternate Chief Co-Sponsor Rep. Deborah L. Graham
- **2008-04-02** First Reading `reading-1`
- **2008-04-02** Referred to Rules Committee `referral-committee`
- **2008-05-01** Assigned to Elementary & Secondary Education Committee `referral-committee`
- **2008-05-09** Committee Deadline Extended-Rule 9(b) May 23, 2008
- **2008-05-14** Do Pass / Short Debate Elementary & Secondary Education Committee; 014-004-000 `committee-passage`
- **2008-05-14** Placed on Calendar 2nd Reading - Short Debate
- **2008-05-14** Added Alternate Co-Sponsor Rep. Monique D. Davis
- **2008-05-14** Added Alternate Co-Sponsor Rep. Esther Golar
- **2008-05-14** Added Alternate Co-Sponsor Rep. Marlow H. Colvin
- **2008-05-14** Added Alternate Co-Sponsor Rep. Charles E. Jefferson
- **2008-05-16** Added Alternate Co-Sponsor Rep. Al Riley
- **2008-05-16** Added Alternate Co-Sponsor Rep. William Davis
- **2008-05-16** Added Alternate Co-Sponsor Rep. Elizabeth Hernandez
- **2008-05-16** Added Alternate Co-Sponsor Rep. Daniel J. Burke
- **2008-05-16** Added Alternate Co-Sponsor Rep. Elga L. Jefferies
- **2008-05-16** Added Alternate Co-Sponsor Rep. Elaine Nekritz
- **2008-05-16** Added Alternate Co-Sponsor Rep. LaShawn K. Ford
- **2008-05-19** Second Reading - Short Debate `reading-2`
- **2008-05-19** Placed on Calendar Order of 3rd Reading - Short Debate
- **2008-05-22** Third Reading - Short Debate - Passed 102-008-000 `reading-3, passage`
- **2008-05-22** Passed Both Houses
- **2008-06-20** Sent to the Governor `executive-receipt`
- **2008-08-19** Governor Approved `executive-signature`
- **2008-08-19** Effective Date January 1, 2009
- **2008-08-19** Public Act . . . . . . . . . 95-0863 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/cc50cd75-be37-4278-9379-ec455a84f303`. Confidence: reported (aggregated from official Illinois legislature records).