Skip to main content
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
Sign in to write a letter Sign in to watch
 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
 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.

 Committees of jurisdiction 1