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S 865 112th Congress Senate Education Academic performance and assessments Education programs funding Elementary and secondary education Financial literacy Higher education Teaching, teachers, curricula

Financial and Economic Literacy Improvement Act of 2011

Introduced: May 2, 2011 Introduced by: Murray, Patty Democratic · Washington See on congress.gov
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
May 2, 2011
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
May 2, 2011
Introduced in Senate
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 Plain-English summary Congressional Research Service

Financial and Economic Literacy Improvement Act of 2011 - 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.

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 for activities that increase student knowledge in consumer, economic, and personal financial concepts.

What's happening now May 2, 2011

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

 Related & companion bills 2
  • HR 1918 Identical bill Financial and Economic Literacy Improvement Act of 2011
  • S 787 Identical bill Financial and Economic Literacy Improvement Act of 2011
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 865: Financial and Economic Literacy Improvement Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-S-865/
MLA
"S. 865: Financial and Economic Literacy Improvement Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-865/.
Bluebook (legal)
S. 865, 112th Cong. (2026), https://openamerica.io/bill/112-S-865/.
Markdown link
[S. 865: Financial and Economic Literacy Improvement Act of 2011](https://openamerica.io/bill/112-S-865/)
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