Add capitalism to high school financial literacy standards
This bill requires Ohio's state education board to update high school financial literacy and entrepreneurship standards to include specific concepts about free market capitalism. The new curriculum for grades nine through twelve must teach students that raw materials, labor, and capital are privately owned, that individuals control their own work and earnings, and that market prices help consumers and producers make informed decisions. It also mandates that these standards explain how wealth is created through profit-seeking transactions and how free markets drive entrepreneurship and innovation. Additionally, the legislation directs the state board to develop these academic standards independently rather than as part of a multi-state group and to include related political features like property rights and contract enforcement.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2023
Committee Review
Mar 2023
Senate Passage
Feb 2024
House Passage
Feb 2024
Signed into Law
Jun 2024
Introduced Jan 11, 2023
Signed Jun 12, 2024
Floor votes · Senate Mar 8, 2023 · House Feb 7, 2024
How they voted
31–1
Passed
Total votes 32
Mar 8, 2023
D
Democratic7
85% Yea
R
Republican25
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
10
Key actions
3
Committee
2
Feb 28, 2024
Upper · Passed
Concurred in House amendments
upper
Feb 7, 2024
Lower · Passed
Passed
lower
Mar 14, 2023
Committee
Refer to Committee
lower
Mar 8, 2023
Upper · Passed
Passed
upper
Jan 17, 2023
Committee
Refer to Committee
upper
Jan 11, 2023
Introduced
Introduced
upper
1 primary · 45 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Steve Wilson
RRepublican
Co
Adam Bird
RRepublican
Co
Adam Holmes
RRepublican
Co
Adam Mathews
RRepublican
Co
Al Cutrona
RRepublican
Co
Andrew Brenner
RRepublican
Co
Bernie Willis
RRepublican
Co
Bill Reineke
RRepublican
Co
Bill Seitz
RRepublican
Co
Bob Hackett
RRepublican
Co
Bob Peterson
RRepublican
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