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Expanding Financial Literacy Education Standards to Include Secondary Schools.

This bill expands federal financial literacy teaching standards to explicitly include secondary schools (high schools). This ensures students receive standardized instruction on budgeting, saving, investing, understanding credit fundamentals, and avoiding financial scams. The goal is to better prepare young people for managing personal finances and making informed decisions about student debt.
Key points
Mandating the inclusion of standardized "best practices" for teaching personal finance in secondary schools.
Students will learn how to budget, save, invest, understand credit scores, and evaluate financial products to avoid scams.
Improved preparation for understanding postsecondary education financing options, including student loans, before college enrollment.
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Additional Information
Print number: 118_HR_8126
Sponsor: Rep. Valadao, David G. [R-CA-22]
Process start date: 2024-04-23