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BASIC Act

10/16/2024, 2:49 PM

Summary of Bill S 5091

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.

Current Status of Bill S 5091

Bill S 5091 is currently in the status of Bill Introduced since September 18, 2024. Bill S 5091 was introduced during Congress 118 and was introduced to the Senate on September 18, 2024.  Bill S 5091's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of September 18, 2024

Bipartisan Support of Bill S 5091

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
18
Democrat Cosponsors
18
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 5091

Primary Policy Focus

Alternate Title(s) of Bill S 5091

BASIC Act
BASIC Act
Basic Assistance for Students In College Act
A bill to provide for the basic needs of students at institutions of higher education.

Comments

Scarlet Chandler profile image

Scarlet Chandler

491

1 year ago

I just heard about this new bill, and let me tell you, I am not happy about it at all. It seems like it's going to have a big impact on me and my family, but I'm not exactly sure how. Can someone explain to me what the short term affects of this bill will be?

Samson Rankin profile image

Samson Rankin

495

1 year ago

I think this new bill is gonna make a big difference for a lot of people. It's about time we see some real change happening in our country. I'm excited to see how this all plays out in the long run. Let's hope for the best!