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Financial Literacy in Schools: Grant Program for Students

This act establishes a grant program to enhance financial literacy education in elementary and secondary schools. It aims to equip students with better money management skills, enabling them to make informed financial decisions in the future. The program supports innovative teaching methods and professional development for educators, especially in underserved communities.
Key points
Support for Schools: Schools can apply for grants to fund personal finance education programs.
Increased Financial Knowledge: Students will learn about bank accounts, cards, credit, saving, and investing.
Priority for Underserved: Programs will be tailored to diverse student needs, including those in rural areas and with disabilities.
Teacher Development: Teachers will receive training to better instruct on financial topics.
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Additional Information
Print number: 118_HR_2943
Sponsor: Rep. Gallagher, Mike [R-WI-8]
Process start date: 2023-04-27
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Student Empowerment and Financial Literacy Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2943.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-04-27.

What are the main provisions?

Key points include:

  • Support for Schools: Schools can apply for grants to fund personal finance education programs.
  • Increased Financial Knowledge: Students will learn about bank accounts, cards, credit, saving, and investing.
  • Priority for Underserved: Programs will be tailored to diverse student needs, including those in rural areas and with disabilities.
  • Teacher Development: Teachers will receive training to better instruct on financial topics.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Gallagher, Mike [R-WI-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and the Workforce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Education