The BASIC Act, also known as Bill 118 s 5091, is a piece of legislation introduced in the United States 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 necessary knowledge and skills 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 emphasizes the importance of collaboration between the Department of Education, state and local education agencies, and other relevant stakeholders in order to effectively implement financial literacy education in schools.
Overall, the BASIC Act seeks to address the need for increased financial literacy among students in the United States by establishing a comprehensive program that focuses on providing education and resources to help students make sound financial decisions.