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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7183 Introduced in House (IH)]
<DOC>
119th CONGRESS
2d Session
H. R. 7183
To improve the financial literacy of secondary school students.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 21, 2026
Mr. Lynch (for himself, Mr. Boyle of Pennsylvania, Mr. Carson, Mr.
Case, Ms. Clarke of New York, Ms. Titus, Mr. Fields, Ms. Strickland,
Ms. Norton, and Mr. Evans of Pennsylvania) introduced the following
bill; which was referred to the Committee on Education and Workforce
_______________________________________________________________________
A BILL
To improve the financial literacy of secondary school students.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Youth Financial Learning Act''.
SEC. 2. STATEWIDE INCENTIVE GRANTS FOR FINANCIAL LITERACY EDUCATION.
(a) Definitions.--In this Act, the terms ``community-based
organization'', ``elementary school'', ``local educational agency'',
``professional development'', ``secondary school'', ``Secretary'',
``State educational agency'', and ``well-rounded education'' have the
meanings given those terms in section 8101 of the Elementary and
Secondary Education Act of 1965 (20 U.S.C. 7801).
(b) Grants Authorized.--
(1) In general.--From amounts appropriated under subsection
(f), the Secretary shall award grants, on a competitive basis,
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 (4).
(2) Duration.--A grant awarded under this section shall be
for a period of not more than 4 years.
(3) 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
require, including--
(A) a description of how the State educational
agency will award subgrants to local educational
agencies;
(B) a description of how the State educational
agency will ensure sustainability of the grant
activities after the grant program;
(C) an assertion that teachers, principals,
parents, and students have been consulted in the
process of developing the application; and
(D) a description of how the State educational
agency will ensure geographic diversity so that grant
activities benefit students in urban, rural, and
suburban locations.
(4) Uses of state funds.--
(A) State activities.--Each State educational
agency receiving grant funds under this section may use
not more than 10 percent of such grant funds--
(i) for technical assistance;
(ii) for curriculum development;
(iii) to provide guidance to local
educational agencies; or
(iv) to conduct an evaluation of the impact
of financial literacy or personal finance
education on students' understanding of
financial literacy concepts.
(B) Subgrants.--
(i) 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 State.
(ii) Priority.--In awarding such subgrants,
a State educational agency shall give priority
to local educational agencies that--
(I) serve high numbers, or a high
percentage of, elementary schools and
secondary schools implementing plans
under paragraphs (1) and (2) of section
1111(d) of the Elementary and Secondary
Education Act of 1965 (20 U.S.C.
6311(d));
(II) demonstrate the greatest need
for such funds, as determined by the
State educational agency; and
(III) demonstrate the strongest
commitment to using funds under this
section to enable the lowest-performing
schools to improve students' financial
literacy and student outcomes.
(c) Uses of Subgrant Funds.--Each local educational agency
receiving a subgrant under this section shall use the subgrant funds--
(1) to implement, expand, or sustain, in one or more
elementary schools or one or more secondary schools, school-
based financial literacy activities and curriculum that is a
substantial portion of any class, in order to enhance student
understanding of and experimental learning with consumer,
economic, entrepreneurship, and personal finance concepts,
including personal credit, student loans, and financial aid;
(2) to promote partnerships between the local educational
agency and community-based organizations that provide
innovative, evidence-based financial literacy activities to
elementary school or secondary school students, which may
include after school activities; and
(3) 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 schools.
(d) Matching Funds.--A State educational agency that receives a
grant under this section shall provide matching funds, from non-Federal
sources, in an amount equal to 25 percent of the amount of grant funds
provided to the State educational agency to carry out the activities
supported by the grant.
(e) Supplement Not Supplant.--Grant funds provided under this
section shall be used to supplement, not supplant, other Federal or
State funds available to carry out activities described in this
section.
(f) Appropriations.--There are authorized to be appropriated to
carry out this section such sums as may be necessary for fiscal year
2026 and each of the 4 succeeding fiscal years.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Education and Workforce.
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