PRIA Logo™
HR10528119th CongressWALLET

To amend the Financial Literacy and Education Improvement Act to include secondary schools in best practices for teaching financial literacy, and for other purposes.

Sponsored By: Representative Valadao, David G. [R-CA-22]

Introduced

Summary

Expands financial literacy best practices to secondary schools and local educational agencies. The bill would broaden the Financial Literacy and Education Improvement Act so federal best-practice guidance applies to high schools as well as institutions of higher education.

Show full summary
  • Secondary students: Would receive school-focused guidance on creating a budget, tracking expenses, saving and investing, credit basics and responsible card use, spotting scams, and understanding postsecondary financing including student loans.
  • Institutions of higher education: Would get clearer guidance on ensuring each student understands total borrowing obligations, monthly payments and repayment options, the timing and frequency of outreach, and how to target part-time, first-time, and other nontraditional students.
  • Local educational agencies and secondary schools: Are explicitly brought into the Act's scope so school districts and high schools are covered by the best-practice framework.
  • Timing: Changes the statutory date anchor from May 24, 2018 to January 1, 2027, which shifts when the revised guidance takes effect.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Financial education rules for students

This bill would expand federal financial literacy "best practices" to include secondary schools and local educational agencies starting January 1, 2027. It would also set a distinct set of required content for institutions of higher education. Colleges would have to include methods that ensure each student understands total borrowing obligations, monthly payments, and repayment options. Colleges would also have to plan outreach by timing and frequency and target part‑time, first‑time, and nontraditional students. High schools would have to teach budgeting, tracking expenses, saving for short‑ and long‑term goals, basics of saving and investing (including types of securities), credit fundamentals and safe credit‑card use, how to spot scams, and how postsecondary education is financed (including student loans). The bill would prescribe content but would not authorize new funding or create enforcement penalties in this section.

Sponsors & CoSponsors

Sponsor

Valadao, David G. [R-CA-22]

CA • R

Cosponsors

  • Rep. Pettersen, Brittany [D-CO-7]

    CO • D

    Sponsored 9/21/2026

  • Rep. Fong, Vince [R-CA-20]

    CA • R

    Sponsored 10/1/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation