US Congress House Bill 1645 (Prior Session Legislation)

---

Sponsorship: Partisan Bill (Democrat 8)
Status: Introduced on March 19 2009 - 25% progression, died in committee
Action: 2009-05-14 - Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.
Pending: House Subcommittee on Early Childhood, Elementary, and Secondary Education Committee
Text: Latest bill text (Introduced) [PDF]

Financial and Economic Literacy Improvement Act of 2009 - 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, experienced nonprofit providers of financial and economic literacy education, and experienced nonprofit providers of teacher training in such fields. Requires grantees to use 25% of the grant funds to: (1) develop financial and economic literacy standards and assessments for at least three grade levels; (2) create teacher training programs to embed financial and economic literacy education into core academic subjects; and (3) evaluate the impact such education has on students' financial and economic 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. Directs the Secretary to maintain a Financial and Economic Literacy and Economic Education Clearinghouse of best practices, tools, and instructional materials that are aligned with voluntary nationally recognized curriculum standards in such areas. 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, experienced nonprofit providers of financial and economic literacy education, and experienced nonprofit providers of teacher training in such fields for activities that increase student knowledge in consumer, economic, and personal financial concepts.

Financial and Economic Literacy Improvement Act of 2009

Rep. Michael Capuano [D-MA]	Rep. Andre Carson [D-IN]	Rep. James Himes [D-CT]	Rep. David Loebsack [D-IA]
Rep. Carolyn McCarthy [D-NY]	Rep. Jared Polis [D-CO]	Rep. Silvestre Reyes [D-TX]	Rep. Maxine Waters [D-CA]

Date	Chamber	Action
2009-05-14		Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.
2009-03-19		Referred to the House Committee on Education and Labor.

SB638 (Related) 2009-03-19 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/1645/all-info
Text	https://www.congress.gov/111/bills/hr1645/BILLS-111hr1645ih.pdf