,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #bigd  ,,in ,,the ,,house ,,of  
,,representatives  ,may #bc1 #bjai,mr4  
,cartwright 7for himself1 ,ms4 ,brownley
 of ,california1 and ,ms4 ,jackson ,lee7
 introduced the following bill2 which   
was referred to the ,committee on       
,education and ,labor  ,a ,,bill  ,to   
improve the financial literacy of       
secondary school students4  #a4 ,short  
title ,this ,act may be cited as the    
,youth ,financial ,learning ,act4  #b4  
,statewide incentive grants for         
financial literacy education  7a7       
,definitions ,in this ,act1 the terms   
community-based organization1 elementary
 school1 local educational agency1      
professional development1 secondary     
school1 ,secretary1 ,state educational  
agency1 and well-rounded education have 
the meanings given those terms in       
section #haja of the ,elementary and    
,secondary ,education ,act of #aife 7#bj
 ,u4,s4,c4 #ghja74  7b7 ,grants         
,authorized  7#a7 ,in ,general ,from    

amounts appropriated under subsection   
7f71 the ,secretary shall award grants1 
on a competitive basis1 to ,state       
educational agencies to enable those    
,state educational agencies to integrate
 financial literacy education into      
public elementary schools or secondary  
schools by carrying out the activities  
described in paragraph 7#d74  7#b7      
,duration ,a grant awarded under this   
section shall be for a period of not    
more than #d years4  7#c7 ,application  
,each ,state educational agency desiring
 a grant under this section shall submit
 an application to the ,secretary at    
such time and in such manner as the     
,secretary may require1 including--     
7,a7 a description of how the ,state    
educational agency will award subgrants 
to local educational agencies2  7,b7 a  
description of how the ,state           
educational agency will ensure          
sustainability of the grant activities  
after the grant program2  7,c7 an       
assertion that teachers1 principals1    

parents1 and students have been         
consulted in the process of developing  
the application2 and  7,d7 a description
 of how the ,state educational agency   
will ensure geographic diversity so that
 grant activities benefit students in   
urban1 rural1 and suburban locations4   
7#d7 ,uses of ,state funds  7,a7 ,state 
activities ,each ,state educational     
agency receiving grant funds under this 
section may use not more than #aj       
percent of such grant funds--  7i7 for  
technical assistance2  7ii7 for         
curriculum development2  7iii7 to       
provide guidance to local educational   
agencies2 or  7iv7 to conduct an        
evaluation of the impact of financial   
literacy or personal finance education  
on students' understanding of financial 
literacy concepts4  7,b7 ,subgrants  7i7
 ,in ,general ,each ,state educational  
agency receiving grant funds under this 
section shall use the remainder of such 
grant funds to award subgrants to local 
educational agencies in the ,state4     

7ii7 ,priority ,in awarding such        
subgrants1 a ,state educational agency  
shall give priority to local educational
 agencies that--  7,i7 serve high       
numbers1 or a high percentage of1       
elementary schools and secondary schools
 implementing plans under paragraphs    
7#a7 and 7#b7 of section #aaaa7;d7 of   
the ,elementary and ,secondary          
,education ,act of #aife 7#bj ,u4,s4,c4 
#fcaa7;d772  7,,ii7 demonstrate the     
greatest need for such funds1 as        
determined by the ,state educational    
agency2 and  7,,iii7 demonstrate the    
strongest commitment to using funds     
under this section to enable the        
lowest-performing schools to improve    
students' financial literacy and student
 outcomes4  7c7 ,uses of subgrant funds 
,each local educational agency receiving
 a subgrant under this section shall use
 the subgrant funds-- 7#a7 to implement1
 expand1 or sustain1 in one or more     
elementary schools or one or more       
secondary schools1 school-based         

financial literacy activities and       
curriculum that is a substantial portion
 of any class1 in order to enhance      
student understanding of and            
experimental learning with consumer1    
economic1 entrepreneurship1 and personal
 finance concepts1 including personal   
credit1 student loans1 and financial    
aid2  7#b7 to promote partnerships      
between the local educational agency and
 community-based organizations that     
provide innovative1 evidence-based      
financial literacy activities to        
elementary school or secondary school   
students1 which may include after school
 activities2 and  7#c7 to promote       
professional development programs to    
embed financial literacy or personal    
finance or entrepreneurship education   
into a well-rounded education in        
elementary schools or secondary schools4
  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 educational      
agency to carry out the activities      
supported by the grant4  7e7 ,supplement
 not supplant ,grant funds provided     
under this section shall be used to     
supplement1 not supplant1 other ,federal
 or ,state funds available to carry out 
activities described in this section4   
7f7 ,appropriations ,there are          
authorized to be appropriated to carry  
out this section such sums as may be    
necessary for fiscal year #bjbj and each
 of the #d succeeding fiscal years4