I 
113TH CONGRESS 
1ST SESSION H. R. 2920 
To improve the financial literacy of students. 
IN THE HOUSE OF REPRESENTATIVES 
AUGUST 1, 2013 
Mr. CARTWRIGHT (for himself, Mr. THOMPSON of Mississippi, Mr. LEWIS, Mr. 
MEEKS, Ms. SEWELL of Alabama, Mr. TAKANO, Ms. JACKSON LEE, Mr. 
CLAY, Mr. HONDA, Mr. RUSH, Ms. CLARKE, Mr. RYAN of Ohio, Mr. 
PERLMUTTER, Ms. SCHAKOWSKY, Mr. ELLISON, Mr. LANGEVIN, Ms. 
KAPTUR, Ms. EDDIE BERNICE JOHNSON of Texas, Mr. HINOJOSA, Mr. 
PASCRELL, Mr. HIMES, Mr. RANGEL, and Mr. COHEN) introduced the 
following bill; which was referred to the Committee on Education and the 
Workforce 
A BILL 
To improve the financial literacy of students. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Financial Literacy for 
Students Act’’. 
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SEC. 2. STATEWIDE INCENTIVE GRANTS FOR FINANCIAL 
LITERACY EDUCATION. 
Part D of title V of the Elementary and Secondary 
Education Act of 1965 (20 U.S.C. 7241 et seq.) is amend-
ed by adding at the end the following: 
‘‘Subpart 22—Financial Literacy 
‘‘SEC. 5621. STATEWIDE INCENTIVE GRANTS FOR FINAN-
CIAL LITERACY EDUCATION. 
‘‘(a) GRANTS AUTHORIZED.—From amounts appro-
priated under subsection (e), the Secretary may award 
grants to State educational agencies to enable State edu-
cational agencies, on a statewide basis— 
‘‘(1) to integrate financial literacy education 
into each public elementary school and public sec-
ondary school within the State that is eligible to re-
ceive funds under title I; and 
‘‘(2) to provide professional development re-
garding the teaching of financial literacy in core aca-
demic subjects to each secondary school teacher of 
financial literacy or entrepreneurship within the 
State. 
‘‘(b) PERMISSIBLE USES OF FUNDS.—In carrying 
out the grant activities described in subsection (a), the 
State educational agency may use grant funds to— 
‘‘(1) implement school-based financial literacy 
activities, including after school activities; 
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‘‘(2) enhance student understanding and experi-
ential learning with consumer, economic, entrepre-
neurship, and personal finance concepts; and 
‘‘(3) promote partnerships with community- 
based organizations, financial institutions, local busi-
nesses, entrepreneurs, or other organizations pro-
viding financial literacy activities. 
‘‘(c) LIMITATION ON USES OF FUNDS.—A State edu-
cational agency receiving grant funds under this section 
shall not use more than 20 percent of such grant funds 
to carry out the following: 
‘‘(1) Teacher professional development pro-
grams to embed financial literacy or personal finance 
or entrepreneurship education into core academic 
subjects. 
‘‘(2) Curriculum development. 
‘‘(3) An evaluation of the impact of financial 
literacy or personal finance education on students’ 
understanding of financial literacy concepts. 
‘‘(d) MATCHING FUNDS.—A State educational agen-
cy 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 to carry out the activities supported by the 
grant. 
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‘‘(e) APPROPRIATIONS.—There are authorized to be 
appropriated to carry out this section such sums as may 
be necessary for fiscal year 2014 and each of the 4 suc-
ceeding fiscal years.’’. 
Æ 
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