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S 2671 110th Congress Senate

Financial Literacy Improvement Act of 2008

Official title: A bill to provide grants to promote financial literacy.

Introduced: February 27, 2008 Introduced by: Murray, Patty Democratic · Washington See on congress.gov
Education CommerceConsumer educationEconomics and Public FinanceEducational accountability
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Educational counselingEducational testsElementary and secondary educationFederal aid to educationFinance and Financial SectorFinancial servicesGovernment Operations and PoliticsGovernment publicityHigher educationNonprofit organizationsPersonal budgetsStandardsStudent activitiesTeacher education
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 27, 2008
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Feb 27, 2008
Introduced in Senate
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 Latest action February 27, 2008

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Plain-English summary Congressional Research Service

Financial Literacy Improvement Act of 2008 - Amends the Elementary and Secondary Education Act of 1965 to direct the Secretary of Education to award formula matching grants to states or partnerships between states and experienced nonprofit providers of financial literacy or personal finance education programs.

Requires grantees to use 25% of the grant funds to: (1) develop financial literacy standards and assessments for at least three grade levels; (2) create teacher training programs to embed financial literacy or personal finance education into core academic subjects; and (3) evaluate the impact such education has on students' financial literacy.

Requires the remaining grant funds to be used for subgrants to local educational agencies (LEAs) or partnerships between LEAs and community organizations, local businesses, or other educational entities to implement such financial literacy activities, including student assessments and teacher training.

Amends the Higher Education Act of 1965 to direct the Secretary to award competitive grants to institutions of higher education (IHEs) or partnerships between IHEs and experienced nonprofit providers of financial literacy or personal finance education programs for activities that increase student knowledge in consumer, economic, and personal financial concepts.

 Related & companion bills 1
  • HR 7289 Identical bill Financial Literacy Improvement Act of 2008
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2671: Financial Literacy Improvement Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-S-2671/
MLA
"S. 2671: Financial Literacy Improvement Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-2671/.
Bluebook (legal)
S. 2671, 110th Cong. (2026), https://openamerica.io/bill/110-S-2671/.
Markdown link
[S. 2671: Financial Literacy Improvement Act of 2008](https://openamerica.io/bill/110-S-2671/)
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