H.R.5629: FLIP Act

Overview

The FLIP Act (H.R. 5629 would clarify what “financial literacy” means and allow existing federal education funds to be used to advance financial literacy in schools. Specifically, the FLIP Act would allow a portion of the federal grants available to eligible educational entities to also be used for “providing teachers with professional development activities that enhance or enable the provision of financial literacy coursework covering topics that include personal finances, responsible borrowing, managing interest on debt, credit scores, and setting up a bank account, across a local educational agency.’’

Related Bills

S.155

The Youth Financial Learning Act would establish a competitive grant program at the Department of Education (ED) to help states create financial literacy programs, as well as encourage community partnerships to promote financial literacy among school-age youth. The legislation would establish a grant program aimed at educating students about consumer finance, including a focus on […]

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H.R.849

The Civics Learning Act would increase funding for evidence-based civics learning and teaching programs by $30 million annually. This bill aims to empower local schools to develop a curriculum tailored to their individual needs that will increase civic knowledge among the electorate. The legislation would ensure funding for elementary, middle, and high school programs in […]

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Contact Your Members of Congress

Our Stance

Watching

Priority

Low

Bill Number

H.R.5629

Date Introduced

January 16, 2020

Committee

House Education and Labor Committee

Bill Status

Introduced or Prefiled

Sponsor

Rep. Ted Budd

Co Sponsors