SB 17 Ohio Senate · 135th Legislature (2023-2024)

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

311
Passed
Total votes 32
Mar 8, 2023
D Democratic7
6 Yea 1 Nay
85% Yea
R Republican25
25 Yea
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