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S 2671 110th Congress Senate Education Commerce Consumer education Economics and Public Finance Educational accountability Educational counseling Educational tests Elementary and secondary education Federal aid to education Finance and Financial Sector Financial services Government Operations and Politics Government publicity Higher education Nonprofit organizations Personal budgets Standards Student activities Teacher education

Financial Literacy Improvement Act of 2008

Introduced: February 27, 2008 Introduced by: Murray, Patty Democratic · Washington See on congress.gov
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 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
 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.

What's happening now February 27, 2008

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

 Committees of jurisdiction 1