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---
type: "Bill"
title: "SCH CD-FINANCIAL LITERACY"
description: "Amends the School Code and the State Finance Act. Requires the State Board of Education to develop and adopt curricula, materials, and guidelines for school boards to use in implementing a program of instruction on financial literacy within courses currently offered in public high schools in this State. Lists subject areas that the program must include. Creates the Financial Literacy Fund as a special fund in the State treasury. Provides that all money in the fund shall be used by the State Board to award grants to school districts for certain financial literacy purposes. Allows a school board to establish a special fund, with moneys to be used for certain financial literacy purposes. Requires the State Board to incorporate the elements of the program into Illinois learning standards. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "94th"
identifier: "SB 2191"
citation: "Illinois SB 2191 (94th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 52
vote_count: 3
first_action: "2006-01-11"
last_action: "2006-06-26"
source: "openstates"
source_identifier: "ocd-bill/3de70001-fd93-4937-ae30-867c1bb310f9"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2191&GAID=8&DocTypeID=SB&LegId=22572&SessionID=50&GA=94"
source_hash: "0b62b3c9fe46f981215bc095e0bd5638dfa65a70ecdad55b0655320ce37cae34"
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 2191 (94th) — SCH CD-FINANCIAL LITERACY
Amends the School Code and the State Finance Act. Requires the State Board of Education to develop and adopt curricula, materials, and guidelines for school boards to use in implementing a program of instruction on financial literacy within courses currently offered in public high schools in this State. Lists subject areas that the program must include. Creates the Financial Literacy Fund as a special fund in the State treasury. Provides that all money in the fund shall be used by the State Board to award grants to school districts for certain financial literacy purposes. Allows a school board to establish a special fund, with moneys to be used for certain financial literacy purposes. Requires the State Board to incorporate the elements of the program into Illinois learning standards. Effective immediately.
## 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=09400SB2191&GA=94&SessionId=50&DocTypeId=SB&LegID=22572&DocNum=2191&GAID=8&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB2191eng&GA=94&SessionId=50&DocTypeId=SB&LegID=22572&DocNum=2191&GAID=8&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB2191enr&GA=94&SessionId=50&DocTypeId=SB&LegID=22572&DocNum=2191&GAID=8&Session=&print=true)
## Votes
- Third Reading — **6251** (fail) · lower
- Third Reading — **6351** (pass) · lower
- Third Reading — **500** (pass) · upper
## Sponsors
- Cynthia Soto — cosponsor (person)
- David E. Miller — cosponsor (person)
- Jacqueline Y. Collins — primary (person)
- John A. Fritchey — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2006-01-11** Filed with Secretary by Sen. Jacqueline Y. Collins `filing`
- **2006-01-11** First Reading `reading-1`
- **2006-01-11** Referred to Rules `referral-committee`
- **2006-01-12** Assigned to Education `referral-committee`
- **2006-01-31** Added as Co-Sponsor Sen. Antonio Munoz
- **2006-02-01** Do Pass Education; 008-003-000 `committee-passage`
- **2006-02-01** Placed on Calendar Order of 2nd Reading February 2, 2006
- **2006-02-07** Second Reading `reading-2`
- **2006-02-07** Placed on Calendar Order of 3rd Reading February 8, 2006
- **2006-02-21** Senate Floor Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins `amendment-introduction`
- **2006-02-21** Senate Floor Amendment No. 1 Referred to Rules `referral-committee`
- **2006-02-22** Senate Floor Amendment No. 2 Filed with Secretary by Sen. Jacqueline Y. Collins `amendment-introduction`
- **2006-02-22** Senate Floor Amendment No. 2 Referred to Rules `referral-committee`
- **2006-02-23** Senate Floor Amendment No. 2 Rules Refers to Education
- **2006-02-24** Senate Floor Amendment No. 2 Recommend Do Adopt Education; 009-000-000
- **2006-02-24** Recalled to Second Reading `reading-2`
- **2006-02-24** Senate Floor Amendment No. 2 Adopted; Collins `amendment-passage`
- **2006-02-24** Placed on Calendar Order of 3rd Reading February 27, 2006
- **2006-02-27** Added as Chief Co-Sponsor Sen. Kwame Raoul
- **2006-02-27** Added as Co-Sponsor Sen. Deanna Demuzio
- **2006-02-27** Added as Chief Co-Sponsor Sen. Iris Y. Martinez
- **2006-02-27** Third Reading - Passed; 050-000-000 `reading-3, passage`
- **2006-02-27** Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
- **2006-02-27** Arrived in House `introduction`
- **2006-02-27** Placed on Calendar Order of First Reading `reading-1`
- **2006-02-28** Added as Co-Sponsor Sen. James F. Clayborne, Jr.
- **2006-02-28** Chief House Sponsor Rep. Karen A. Yarbrough
- **2006-02-28** First Reading `reading-1`
- **2006-02-28** Referred to Rules Committee `referral-committee`
- **2006-03-08** Assigned to Elementary & Secondary Education Committee `referral-committee`
- **2006-03-15** Do Pass / Standard Debate Elementary & Secondary Education Committee; 011-010-000 `committee-passage`
- **2006-03-15** Placed on Calendar 2nd Reading - Standard Debate
- **2006-03-15** Added Alternate Chief Co-Sponsor Rep. Monique D. Davis
- **2006-03-24** Second Reading - Standard Debate `reading-2`
- **2006-03-24** Placed on Calendar Order of 3rd Reading - Standard Debate
- **2006-03-29** Added Alternate Chief Co-Sponsor Rep. Calvin L. Giles
- **2006-03-29** Added Alternate Chief Co-Sponsor Rep. Marlow H. Colvin
- **2006-03-29** Added Alternate Chief Co-Sponsor Rep. Arthur L. Turner
- **2006-03-29** Calendar Order of 3rd Reading - Standard Debate
- **2006-03-29** Motion Filed - Move to Previous Question Rep. Calvin L. Giles
- **2006-03-29** Motion Prevailed 062-051-000
- **2006-03-29** Added Alternate Co-Sponsor Rep. Cynthia Soto
- **2006-03-29** Added Alternate Co-Sponsor Rep. John A. Fritchey
- **2006-03-29** Added Alternate Co-Sponsor Rep. David E. Miller
- **2006-03-29** Third Reading - Standard Debate - Passed 063-051-000 `reading-3, passage`
- **2006-03-29** Passed Both Houses
- **2006-04-05** Added as Co-Sponsor Sen. Mattie Hunter
- **2006-04-06** Added as Co-Sponsor Sen. James T. Meeks
- **2006-04-27** Sent to the Governor `executive-receipt`
- **2006-06-26** Governor Approved `executive-signature`
- **2006-06-26** Effective Date June 26, 2006
- **2006-06-26** Public Act . . . . . . . . . 94-0929 `became-law`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3de70001-fd93-4937-ae30-867c1bb310f9`. Confidence: reported (aggregated from official Illinois legislature records).