,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #aee  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,janu>y #af1 #bjai,mr4 
,jones 7= himself1 ,ms4 ,hassan1 & ,mrs4
 ,gillibr&7 introduc$ ! foll[+ bill2 :i*
 0 read twice & ref]r$ to ! ,committee  
on ,heal?1 ,education1 ,labor1 &        
,p5sions  ,a ,,bill  ,to improve !      
f9ancial lit]acy ( second>y s*ool       
/ud5ts4  #a4 ,%ort title ,?is ,act may  
be cit$ z ! ,y\? ,f9ancial ,le>n+ ,act4 
#b4 ,/atewide inc5tive grants = f9ancial
 lit]acy education  7a7 ,def9itions ,9  
?is ,act1 ! t]ms community-bas$         
organization1 local educational ag5cy1  
pr(essional developm5t1 second>y s*ool1 
,secret>y1 ,/ate educational ag5cy1 &   
well-r\nd$ education h ! mean+s giv5 ^? 
t]ms 9 section #haja ( ! ,elem5t>y &    
,second>y ,education ,act ( #aife 7#bj  
,u4,s4,c4 #ghja74  7b7 ,grants ,au?oriz$
  7#a7 ,9 ,g5]al ,f am\nts appropriat$  
"u subsection 7f71 ! ,secret>y %all aw>d
 grants1 on a competitive basis1 to     
,/ate educational ag5cies to enable ^?  

,/ate educational ag5cies to integrate  
f9ancial lit]acy education into public  
second>y s*ools by c>ry+ out !          
activities describ$ 9 p>agraph 7#d74    
7#b7 ,duration ,a grant aw>d$ "u ?is    
section %all be = a p]iod ( n m ?an #d  
ye>s4  7#c7 ,application ,ea* ,/ate     
educational ag5cy desir+ a grant "u ?is 
section %all submit an application to ! 
,secret>y at su* "t & 9 su* mann] z !   
,secret>y may require1 includ+--  7,a7 a
 description ( h[ ! ,/ate educational   
ag5cy w aw>d subgrants to local         
educational ag5cies2  7,b7 a description
 ( h[ ! ,/ate educational ag5cy w ensure
 su/a9ability ( ! grant activities aft] 
! grant program2  7,c7 an ass]tion t    
tea*]s1 pr9cipals1 p>5ts1 & /ud5ts h be5
 consult$ 9 ! process ( develop+ !      
application2 &  7,d7 a description ( h[ 
! ,/ate educational ag5cy w ensure      
geographic div]sity s t grant activities
 b5efit /ud5ts 9 urban1 rural1 &        
suburban locations4  7#d7 ,uses ( ,/ate 
funds  7,a7 ,/ate activities ,ea* ,/ate 

educational ag5cy receiv+ grant funds "u
 ?is section may use n m ?an #aj p]c5t (
 su* grant funds--  7i7 = te*nical      
assi/ance2  7ii7 = curriculum           
developm5t2  7iii7 to provide guidance  
to local educational ag5cies2 or  7iv7  
to conduct an evaluation ( ! impact (   
f9ancial lit]acy or p]sonal f9ance      
education on /ud5ts' und]/&+ ( f9ancial 
lit]acy concepts4  7,b7 ,subgrants  7i7 
,9 ,g5]al ,ea* ,/ate educational ag5cy  
receiv+ grant funds "u ?is section %all 
use ! rema9d] ( su* grant funds to aw>d 
subgrants to local educational ag5cies 9
 ! ,/ate4  7ii7 ,priority ,9 aw>d+ su*  
subgrants1 a ,/ate educational ag5cy    
%all give priority to local educational 
ag5cies t--  7,i7 s]ve high numb]s1 or a
 high p]c5tage (1 elem5t>y s*ools &     
second>y s*ools implem5t+ plans "u      
p>agraphs 7#a7 & 7#b7 ( section         
#aaaa7;d7 ( ! ,elem5t>y & ,second>y     
,education ,act ( #aife 7#bj ,u4,s4,c4  
#fcaa7;d772  7,,ii7 demon/rate ! greate/
 ne$ = su* funds1 z det]m9$ by ! ,/ate  

educational ag5cy2 &  7,,iii7 demon/rate
 ! /ronge/ commitm5t to us+ funds "u ?is
 section to enable ! l[e/-p]=m+ s*ools  
to improve /ud5ts' f9ancial lit]acy &   
/ud5t outcomes4  7c7 ,uses ( subgrant   
funds ,ea* local educational ag5cy      
receiv+ a subgrant "u ?is section %all  
use ! subgrant funds-- 7#a7 to implem5t1
 exp&1 or su/a91 9 "o or m second>y     
s*ools1 s*ool-bas$ f9ancial lit]acy     
activities & curriculum t is a          
sub/antial portion ( any class1 9 ord]  
to enhance /ud5t und]/&+ ( & exp]im5tal 
le>n+ ) consum]1 economic1              
entrepr5eur%ip1 & p]sonal f9ance        
concepts1 includ+ p]sonal cr$it1 /ud5t  
loans1 & f9ancial aid2  7#b7 to promote 
p>tn]%ips betwe5 ! local educational    
ag5cy & community bas$ organizations t  
provide innovative1 evid5ce-bas$        
f9ancial lit]acy activities to second>y 
s*ool /ud5ts1 :i* may include aft] s*ool
 activities2 &  7#c7 to promote         
pr(essional developm5t programs to emb$ 
f9ancial lit]acy or p]sonal f9ance or   

entrepr5eur%ip education into a         
well-r\nd$ education 9 second>y s*ools4 
7d7 ,mat*+ funds ,a ,/ate educational   
ag5cy t receives a grant "u ?is section 
%all provide mat*+ funds1 f non-,f$]al  
s\rces1 9 an am\nt equal to #be p]c5t ( 
! am\nt ( grant funds provid$ to ! ,/ate
 educational ag5cy to c>ry out !        
activities support$ by ! grant4  7e7    
,supplem5t n supplant ,grant funds      
provid$ "u ?is section %all be us$ to   
supplem5t1 n supplant1 o!r ,f$]al or    
,/ate funds available to c>ry out       
activities describ$ 9 ?is section4  7f7 
,appropriations ,!re are au?oriz$ to be 
appropriat$ to c>ry out ?is section su* 
sums z may be necess>y = fiscal ye>     
#bjai & ea* ( ! #d succe$+ fiscal ye>s4