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BASIC Act
12/30/2022, 5:47 PM
Summary of Bill HR 3857
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.
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.
Congressional Summary of HR 3857
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.
Read the Full Bill
Current Status of Bill HR 3857
Bill HR 3857 is currently in the status of Bill Introduced since June 11, 2021. Bill HR 3857 was introduced during Congress 117 and was introduced to the House on June 11, 2021. Bill HR 3857's most recent activity was Referred to the House Committee on Education and Labor. as of June 11, 2021
Bipartisan Support of Bill HR 3857
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
62Democrat Cosponsors
62Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3857
Primary Policy Focus
EducationPotential Impact Areas
- Child care and development
- Congressional oversight
- Education of the disadvantaged
- Education programs funding
- Educational facilities and institutions
- Elementary and secondary education
- Food assistance and relief
- Government information and archives
- Health care costs and insurance
- Health care coverage and access
- Higher education
- Housing and community development funding
- Income tax credits
- Medicaid
- Minority education
- Poverty and welfare assistance
- Research administration and funding
- School administration
- Student aid and college costs
- Student records
- Tax treatment of families
- Transportation costs
- Wages and earnings
Alternate Title(s) of Bill HR 3857
BASIC Act
To provide for the basic needs of students at institutions of higher education.
BASIC Act
Basic Assistance for Students In College Act
Comments
Sponsors and Cosponsors of HR 3857
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