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 ActBASIC ActBasic Assistance for Students In College ActA bill to provide for the basic needs of students at institutions of higher education.
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