A new bill has reportedly been pre-filed in South Carolina that would require high school students in the state to take a personal finance class.

Under the legislation from Republican state Sen. Luke Rankin, high school students would be required to take at least one half-credit personal finance course and pass a test at the end of the school year in order to graduate, a local ABC station reported on Wednesday.

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The proposed course would reportedly replace economics requirements in the existing curriculum.

The bill, which is currently sitting in the state Senate Education Committee, also reportedly states that the State Department of Education would be tasked with developing a new curriculum to incorporate the required coursework before July 2020, if passed.

The report arrives the same week two lawmakers in Rhode Island introduced a bill that would also require high schools students learn about personal finance, the Providence Journal reported.