US Congress Senate Bill 865 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Introduced on May 2 2011 - 25% progression, died in committee
Action: 2011-05-02 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]

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.

Financial and Economic Literacy Improvement Act of 2011

Sen. Patty Murray [D-WA]	Sen. Thad Cochran [R-MS]	Sen. Al Franken [D-MN]	Sen. Kay Hagan [D-NC]
Sen. John Kerry [D-MA]

Date	Chamber	Action
2011-05-02	Senate	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

SB787 (Same As) 2011-04-12 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
HB1918 (Same As) 2011-09-08 - Referred to the Subcommittee on Higher Education and Workforce Training.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/865/all-info
Text	https://www.congress.gov/112/bills/s865/BILLS-112s865is.pdf