Bill > HR2920

This bill, titled the Financial Literacy for Students Act, aims to improve students' understanding of financial concepts by authorizing the Secretary to award grants to State educational agencies. These grants, funded by appropriations, will enable states to integrate financial literacy education into public elementary and secondary schools, particularly those receiving funds under Title I, and to provide professional development for teachers on how to teach financial literacy within core academic subjects. The funds can be used for school-based activities, enhancing student learning of consumer, economic, entrepreneurship, and personal finance concepts, and fostering partnerships with community organizations and financial institutions. However, no more than 20 percent of the grant funds can be used for teacher professional development, curriculum development, or evaluating the impact of financial literacy education. Additionally, states receiving these grants must provide matching funds from non-Federal sources equal to 25 percent of the grant amount.