,,ii  #aacth ,,congress  #ast ,session  
,s4 #hbi  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,april #be1 #bjac   
,mrs4 ,hagan introduced the following   
bill2 which was read twice and referred 
to the ,committee on ,health1           
,education1 ,labor1 and ,pensions  ,a   
,,bill  ,to improve the financial       
literacy of students4  #a4 ,short title 
,this ,act may be cited as the          
,financial ,literacy for ,students ,act4
  #b4 ,statewide incentive grants for   
financial literacy education ,part ,d of
 title ,v of the ,elementary and        
,secondary ,education of #aife is       
amended by adding at the end the        
following3  #bb ,financial ,literacy    
#efba4 ,statewide incentive grants for  
financial literacy education  7a7       
,grants ,authorized ,from amounts       
appropriated under subsection 7e71 the  
,secretary may award grants to ,state   
educational agencies to enable ,state   
educational agencies1 on a statewide    
basis--  7#a7 to integrate financial    

literacy education into each public     
elementary school and public secondary  
school within the ,state that is        
eligible to receive funds under title   
,i2 and  7#b7 to provide professional   
development regarding the teaching of   
financial literacy in core academic     
subjects to each secondary school       
teacher of financial literacy or        
entrepreneurship within the ,state4  7b7
 ,permissible uses of funds ,in carrying
 out the grant activities described in  
subsection 7a71 the ,state educational  
agency may use grant funds to--  7#a7   
implement school-based financial        
literacy activities1 including after    
school activities2  7#b7 enhance student
 understanding and experiential learning
 with consumer1 economic1               
entrepreneurship1 and personal finance  
concepts2 and  7#c7 promote partnerships
 with community-based organizations1    
financial institutions1 local           
businesses1 entrepreneurs1 or other     
organizations providing financial       

literacy activities4  7c7 ,limitation on
 uses of funds ,a ,state educational    
agency receiving grant funds under this 
section shall not use more than #bj     
percent of such grant funds to carry out
 the following3  7#a7 ,teacher          
professional development programs to    
embed financial literacy or personal    
finance or entrepreneurship education   
into core academic subjects4  7#b7      
,curriculum development4  7#c7 ,an      
evaluation of the impact of financial   
literacy or personal finance education  
on students' understanding of financial 
literacy concepts4  7d7 ,matching funds 
,a ,state educational agency that       
receives a grant under this section     
shall provide matching funds1 from      
non-,federal sources1 in an amount equal
 to #be percent of the amount of grant  
funds provided to the ,state to carry   
out the activities supported by the     
grant4  7e7 ,appropriations ,there are  
authorized to be appropriated to carry  
out this ,act such sums as may be       

necessary for fiscal year #bjac and each
 of the #d succeeding fiscal years4  4