I 
111TH CONGRESS 
1ST SESSION H. R. 3730 
To provide for financial literacy education. 
IN THE HOUSE OF REPRESENTATIVES 
OCTOBER 6, 2009 
Ms. EDDIE BERNICE JOHNSON of Texas introduced the following bill; which 
was referred to the Committee on Education and Labor 
A BILL 
To provide for financial literacy education. 
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 Education 
for Teachers and Students Act’’. 
SEC. 2. 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: 
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‘‘Subpart 22—Financial Literacy Education 
‘‘SEC. 5621. STATEWIDE INCENTIVE GRANTS FOR FINAN-
CIAL LITERACY EDUCATION. 
‘‘(a) GRANTS.—From amounts appropriated under 
subsection (d), the Secretary may award grants to States 
to enable the States, on a statewide basis— 
‘‘(1) to integrate financial literacy education 
into each public middle school and secondary school 
within the State; and 
‘‘(2) to provide professional development re-
garding the teaching of financial literacy to each 
public middle school and secondary school teacher of 
financial literacy within the State. 
‘‘(b) LIMITATION.—Each State receiving a grant 
under this section shall use not more than a total of 20 
percent of the grant funds for professional and curriculum 
development. 
‘‘(c) DEFINITION OF MIDDLE SCHOOL.—The term 
‘middle school’ means a nonprofit institutional day or resi-
dential school, including a public middle charter school, 
that provides middle education, as determined under State 
law. 
‘‘(d) AUTHORIZATION OF APPROPRIATIONS.—There 
are authorized to be appropriated to carry out this section 
such sums as may be necessary for fiscal year 2010 and 
each of the 4 succeeding fiscal years. 
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‘‘SEC. 5622. PARENT INVOLVEMENT. 
‘‘(a) GRANTS.— 
‘‘(1) IN
GENERAL.—From amounts appro-
priated under subsection (b), the Secretary may 
award grants to local educational agencies to enable 
the local educational agencies to support and provide 
training and assistance to or for parents and stu-
dents regarding financial literacy. 
‘‘(2) PARTNERSHIPS ENCOURAGED.—In award-
ing a grant under this section the Secretary shall en-
courage a local educational agency to create, pro-
mote, and implement the programming assisted 
under the grant in partnership with a community or-
ganization, financial institution, or local business. 
‘‘(b) AUTHORIZATION OF APPROPRIATIONS.—There 
are authorized to be appropriated to carry out this section 
such sums as may be necessary for fiscal year 2010 and 
each of the 4 succeeding fiscal years.’’. 
SEC. 3. FINANCIAL LITERACY EDUCATION COORDINATION. 
Subpart 13 of part D of title V of the Elementary 
and Secondary Education Act of 1965 (20 U.S.C. 7267 
et seq.) is amended by adding at the end the following: 
‘‘SEC. 5538. COORDINATION. 
‘‘(a) IN GENERAL.—The Secretary and the Board of 
Governors of the Federal Reserve System shall coordinate 
the activities assisted under this subpart with the activities 
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