BASIC Act

Basic Assistance for Students In College Act or the BASIC Act

This bill directs the Department of Education (ED) to award planning and implementation grants to institutions of higher education in order to identify and meet the basic needs of students, including food, housing, transportation, and health care. ED must also implement an agreement to (1) share data with other federal agencies in order to identify students who may be eligible for certain federal benefits; and (2) coordinate efforts to enroll those students in federal benefits programs, including Medicaid and the Supplemental Nutrition Assistance Program.

The BASIC Act, also known as Bill 117 hr 3857, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to establish a program within the Department of Education that focuses on providing financial literacy education to students in elementary and secondary schools.

The BASIC Act aims to ensure that students are equipped with the knowledge and skills necessary to make informed financial decisions throughout their lives. The program established by this bill would include curriculum development, teacher training, and resources for schools to implement financial literacy education.

Additionally, the BASIC Act seeks to promote partnerships between schools, financial institutions, and community organizations to enhance the effectiveness of financial literacy education. The bill also emphasizes the importance of incorporating technology and innovative teaching methods to engage students in learning about personal finance. Overall, the BASIC Act is designed to address the need for increased financial literacy among students in the United States. By providing resources and support for schools to implement comprehensive financial education programs, this bill aims to empower students to make sound financial decisions and achieve financial stability in the future.