H.R. 7183

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7183 Introduced in House (IH)]

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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.
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