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H.R. 5165 (111th): Financial Education in the Classroom Act of 2010

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

4/28/2010--Introduced. Financial Education in the Classroom Act of 2010 - Amends the Elementary and Secondary Education Act of 1965 to direct the Secretary of Education to award competitive grants to states and, through them, competitive subgrants to local educational agencies (LEAs) that partner with certain nonprofit, educational, community-based, or business entities to develop and carry out financial education programs to assist students in kindergarten through grade 12 achieve financial literacy.

Authorizes the Secretary to award a competitive grant to a national nonprofit educational organization to improve the quality of financial education programs directly and through subgrants to states, LEAs, and state or local economic, personal finance, or entrepreneurial education organizations. Requires such grant or subgrant funds to be used for: (1) teacher training regarding economics, personal finance, and entrepreneurship; (2) evaluations of the impact economic and financial literacy education has on students; (3) incorporating economics and personal finance into school curricula; (4) economic and financial literacy education research; and (5) the development and dissemination of appropriate materials and best practices to promote economic and financial literacy.