,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #ebgg  ,,in ,,the ,,house ,,of  
,,representatives  ,march #ad1          
#bjah,mrs4 ,beatty 7for herself and ,mr4
 ,stivers7 introduced the following     
bill2 which was referred to the         
,committee on ,financial ,services1 and 
in addition to the ,committee on        
,education and the ,workforce1 for a    
period to be subsequently determined by 
the ,speaker1 in each case for          
consideration of such provisions as fall
 within the jurisdiction of the         
committee concerned  ,a ,,bill  ,to     
require the ,financial ,literacy and    
,education ,commission to establish and 
publish best practices for teaching     
financial literacy for institutions of  
higher education1 and for other         
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,financial ,literacy
 ,college ,education ,act4  #b4 ,best   
practices for teaching financial        
literacy ,section #ead of the ,financial
 ,literacy and ,education ,improvement  

,act 7#bj ,u4,s4,c4 #igjc7 is amended by
 adding at the end the following3  7j7  
,best practices for teaching financial  
literacy  7#a7 ,in general ,after       
soliciting public comments and          
consulting with and receiving input from
 relevant parties1 including a diverse  
set of institutions of higher education 
and other interested stakeholders1      
including students1 parents1 and        
consumer advocacy groups1 the           
,commission shall1 by not later than #a 
year after the date of enactment of this
 subsection1 establish best practices   
for institutions of higher education    
regarding methods to--  7,a7 teach      
financial literacy skills2 and  7,b7    
provide useful and necessary information
 to assist students at institutions of  
higher education when making financial  
decisions related to student borrowing4 
7#b7 ,best practices ,the best practices
 described in paragraph 7#a7 shall      
include the following3 7,a7 ,methods to 
ensure that each student has a clear    

sense of the student's total borrowing  
obligations1 including monthly payments1
 and repayment options4  7,b7 ,the most 
effective ways to engage students in    
financial literacy education1 including 
frequency and timing of communication   
with students4  7,c7 ,information on how
 to target different student            
populations1 including part-time        
students1 first-time students1 and other
 nontraditional students4  7,d7 ,ways to
 clearly communicate the importance of  
graduating on a student's ability to    
repay student loans4  7#c7 ,maintenance 
of best practices ,the ,commission shall
 maintain and periodically update the   
best practices information required     
under this subsection at least every #b 
years and make the best practices       
available to the public4  7#d7 ,rule of 
construction ,nothing in this subsection
 shall be construed to require an       
institution of higher education to adopt
 the best practices required under this 
subsection4  4