US Congress House Bill 2012 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Democrat 2)
Status: Introduced on April 21 2009 - 25% progression, died in committee
Action: 2009-05-21 - 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]

Amends title VI (Flexibility and Accountability) of the Elementary and Secondary Education Act of 1965 (ESEA) to create a new Part D: Promoting Youth Financial Literacy. Allows the Secretary of Education to provide grants to states to: (1) assist local educational agencies and public schools provide financial education programs to students in kindergarten through grade 12; and (2) implement financial education professional development programs for teachers and administrators. Requires the competitive award of a specified amount of the grant funds each fiscal year, with the remainder provided to each state on the basis of its share of students in kindergarten through grade 12. Directs the Secretary to make a grant to or contract with an institution of higher education or nonprofit organization that has substantial financial education experience to establish and operate a national clearinghouse of instructional materials and information on model financial education programs and best practices. Amends title V of the ESEA to direct the Secretary to set aside 2% of the funds appropriated for the Fund for the Improvement of Education program each fiscal year for financial literacy activities under such program.

To promote youth financial education.

Rep. Gregory Meeks [D-NY]

Rep. Donald Payne [D-NJ]

Date	Chamber	Action
2009-05-21		Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.
2009-04-21		Referred to the House Committee on Education and Labor.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/2012/all-info
Text	https://www.congress.gov/111/bills/hr2012/BILLS-111hr2012ih.pdf