,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #ejaf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #bj1 #bjaf ,mr4
 ,salmon introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,education & !
 ,work=ce  ,a ,,bill  ,to am5d ! ,high] 
,education ,act ( #aife to require !    
,secret>y ( ,education to provide /ud5t 
borr[]s ) in/ruction 9 g5]al pr9ciples (
 f9ancial lit]acy ?r\gh its onl9e       
c\nsel+ tool1 & = o!r purposes4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,f9ancial ,lit]acy = ,f9ancial ,aid     
,act4  #b4 ,onl9e c\nsel+ tools  7a7    
,option = in/itutions ( high] education 
,section #dhe7l77#a77;,a77ii7 ( ! ,high]
 ,education ,act ( #aife 7#bj ,u4,s4,c4 
#ajib7l77#a77;,a77ii77 is am5d$--  7#a7 
9 subclause 7,,ii71 by /rik+ or at !    
end2  7#b7 9 subclause 7,,iii71 by /rik+
 ! p]iod at ! end & ins]t+ 2 or2 &  7#c7
 by add+ at ! end ! foll[+3  7,,iv7     
?r\gh ! use ( ! onl9e c\nsel+ tool      
describ$ 9 subsection 7n74  4  7b7      
,requirem5ts = ,secret>y ( ,education   

,section #dhe ( ! ,high] ,education ,act
 ( #aife 7#bj ,u4,s4,c4 #ajib7 is fur!r 
am5d$ by add+ at ! end ! foll[+3  7n7   
,onl9e c\nsel+ tools  7#a7 ,9 g5]al     
,beg9n+ n lat] ?an #a ye> aft] ! date ( 
! enactm5t ( ! ,f9ancial ,lit]acy =     
,f9ancial ,aid ,act1 ! ,secret>y %all   
ma9ta9 an onl9e c\nsel+ tool t-- 7,a7   
provides ! entrance c\nsel+ requir$ "u  
subsection 7l72 &  7,b7 meets !         
applicable requirem5ts ( ?is subsection4
  7#b7 ,requirem5ts ( tools ,9 ma9ta9+ !
 onl9e c\nsel+ tool describ$ 9 p>agraph 
7#a71 ! ,secret>y %all ensure t ! tool  
is--  7,a7 consum] te/$1 9 consultation 
) o!r relevant ,f$]al ag5cies1 to ensure
 t ! tool is effective 9 help+          
individuals und]/& ! in=mation describ$ 
9 subsection 7l77#b72  7,b7 int]active &
 te/s ! borr[]'s und]/&+ ( ! in=mation  
describ$ 9 subsection 7l77#b72  7,c7    
und]/&able to borr[]s ( loans made "u "p
 ,d2  7,d7 effective 9 provid+          
in/ruction 9 g5]al f9ancial lit]acy 9   
accordance ) p>agraph 7#c7 ( ?is        

subsection2 &  7,e7 freely available to 
all eligible in/itutions4  7#c7 ,g5]al  
pr9ciples ( f9ancial lit]acy ,!         
,secret>y %all ensure t ! onl9e c\nsel+ 
tool provides in/ruction 9 g5]al        
pr9ciples ( f9ancial lit]acy1 includ+ ! 
foll[+3  7,a7 ,p]sonal income ,an       
explanation (-- 7i7 h[ to id5tify v>i\s 
types ( income & exp5ses2  7ii7 gross & 
net pay & h[ to read a pay*eck /ub2 &   
7iii7 h[ to craft f9ancial goals4  7,b7 
,taxes ,an explanation (-- 7i7 ! hi/ory 
( taxes2  7ii7 ! purpose & uses ( taxes2
 &  7iii7 h[ to diff]5tiate betwe5 types
 ( taxes4  7,c7 ,retirem5t ,an          
explanation (-- 7i7 ! importance (      
plann+ = retirem5t2  7ii7 retirem5t     
/rategies to a*ieve f9ancial goals2     
7iii7 h[ to diff]5tiate among ! types ( 
inve/m5t vehicles = retirem5t2 &  7iv7  
h[ to assess ov]all f9ancial situation 9
 det]m9+ retirem5t ne$s4  7,d7 ,sp5d+   
plans & bank+ res\rces ,an explanation  
(--  7i7 ! b5efits ( transaction & sav+s
 acc\nts2  7ii7 h[ comp\nd int]e/ helps 

sav$ money gr[2 &  7iii7 h[ to def9e &  
create a sp5d+ plan4  7,e7 ,cr$it c>ds  
,an explanation (--  7i7 h[ to def9e &  
calculate ! co/ ( borr[+2  7ii7 !       
diff]5ce betwe5 good debt & bad debt2   
7iii7 cr$it c>ds & h[ to evaluate cr$it 
c>d (f]s2  7iv7 consum] cr$it rights2 & 
7v7 cr$it scores4  7,f7 ,f9ancial       
recov]y & giv+ back ,an explanation (-- 
7i7 h[ to assess f9ancial heal?2  7ii7  
h[ to budget2  7iii7 h[ to f9d ways to  
r$uce exp5ses or increase income2  7iv7 
! diff]5ce betwe5 cr$it repair & cr$it  
consolidation2  7v7 ! importance (      
*>itable giv+2 &  7vi7 h[ to def9e      
future f9ancial goals4  7#d7 ,record (  
c\nsel+ completion ,! ,secret>y %all use
 ! onl9e c\nsel+ tool describ$ 9        
p>agraph 7#a7 to keep a record ( :i*    
individuals h receiv$ c\nsel+ us+ !     
tool1 & notify ! applicable in/itutions 
( ! individual's completion ( su*       
c\nsel+4  4  #c4 ,report ,n lat] ?an #b 
ye>s aft] ! date ( ! enactm5t ( ?is     
,act1 & n less ?an once e #c ye>s       

!reaft]1 ! ,secret>y %all submit to !   
,committee on ,education & ! ,work=ce ( 
! ,h\se ( ,repres5tatives1 & !          
,committee on ,heal?1 ,education1       
,labor1 & ,p5sions ( ! ,s5ate1 a writt5 
report t includes an evaluation ( !     
effectiv5ess ( ! in/ruction 9 g5]al     
pr9ciples ( f9ancial lit]acy describ$ 9 
section #dhe7n77#c7 ( ! ,high]          
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajib7n77#c771 z add$ by ?is ,act4