Amends the State Board of Education Article of the School Code. Provides that, subject to appropriation, by no later than June 30, 2024, the State Board of Education, in collaboration with the Department of Commerce and Economic Opportunity, the Department of Central Management Services, the Department of Insurance, and the Illinois Community College Board, shall establish a system providing liability insurance to cover (i) public high school students and community college students participating in a career development experience or apprenticeship program and (ii) public school teachers and community college faculty participating in an externship program. Provides that the liability insurance program shall be implemented by fiscal year 2025. Provides that the State Board of Education, in consultation with those other agencies, may direct the program to cover specific occupational areas. House Floor Amendment No. 1 Deletes reference to: 105 ILCS 5/2-3.196 new Adds reference to: 20 ILCS 605/605-1110 new Replaces everything after the enacting clause. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Creates the Student Career Development Liability Insurance Advisory Committee and sets forth the membership of the Committee. Provides that the Student Career Development Liability Insurance Advisory Committee shall issue a report to the Governor and the General Assembly containing recommendations for providing liability insurance to (i) public high school students who participate in a career development experience or apprenticeship program and community college students who participate in a career development experience or apprenticeship program and (ii) public school teachers who participate in externship programs and community college faculty who participate in externship programs.