2001 House Bill 5327 / 2002 Public Act 111

Introduced in the House

Oct. 23, 2001

Introduced by Rep. Mike Bishop (R-45)

To require the department of education to develop, and encourage schools to offer, model financial literacy programs which teach personal financial management skills and the basic principles involved with earning, spending, saving, and investing.

Referred to the Committee on Education

Jan. 9, 2002

Passed in the House 101 to 2 (details)

Received in the Senate

Jan. 9, 2002

Feb. 27, 2002

Substitute offered

To replace the previous version of the bill with a version recommended by the committee which reported it. The substitute incorporates changes resulting from committee testimony and deliberation. These changes do not affect the substance of the bill as previously described.

The substitute passed by voice vote

Feb. 28, 2002

Passed in the Senate 34 to 0 (details)

Received in the House

Feb. 28, 2002

To require the department of education to develop, and encourage schools to offer, model financial literacy programs which teach personal financial management skills and the basic principles involved with earning, spending, saving, and investing.

March 12, 2002

Passed in the House 105 to 1 (details)

To concur with the Senate-passed version of the bill.

Received in the Senate

March 12, 2002

Signed by Gov. John Engler

April 1, 2002