2009 - 2010 LEGISLATURE
October 1, 2009 - Introduced by Senators Taylor, Lehman, Hansen and Schultz,
cosponsored by Representatives
Soletski, Spanbauer, Berceau, Clark,
Grigsby, Hraychuck, Jorgensen, Mason, Molepske Jr., Petrowski, Shilling,
Turner, Young and
Zigmunt, by request of the Speaker's Taskforce on
Preventing Home Foreclosures. Referred to Committee on Education.
1An Act to create
115.28 (55) of the statutes; relating to: the model academic
2standards for personal financial literacy.
Analysis by the Legislative Reference Bureau
This bill directs the state superintendent of public instruction to incorporate
into the model academic standards for personal financial literacy a review of the
different types of mortgages, the risks involved with each type of mortgage, and the
risks and causes of home foreclosure.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB326, s. 1
115.28 (55) of the statutes is created to read:
115.28 (55) Personal financial literacy standards.
Incorporate into the 5
model academic standards for personal financial literacy a review of the different 6
types of mortgages, the risks involved with each type of mortgage, and the risks and 7
causes of home foreclosure.