Ahhh-- maybe not SPECIFICALLY, no-- but in my state, at least, there are two requirements in mathematics which are a de facto requirement there.
1. All students must complete Geometry-- 1 yr
2. All students must complete one year of algebra.
3. Three years of mathematics at/beyond Algebra I are required for graduation with a regular {state} high school diploma.
So yes, in fact, in the sequence Algebra I, Geometry, Algebra II, and Precalculus, students MUST pass Algebra II in order to graduate with a regular (not "modified") diploma.
Wow.
In CA, the requirement is two years of high school math minimum, including Algebra I. The other year was satisfied by some of my friends on the five year plan (3-year school) with a class called "Business Math," which looked a lot like 6th grade arithmetic to me.
In LA, you have to finish Algebra I (which you can split into two years) and Geometry.
