3.0.0 468 2020-02-10T17:00:18Z 2020-02-10T17:00:18Z Senate S S 2005-02-28 109 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2005-02-28T19:38:57Z 2005-02-28 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2005-02-28 Sponsor introductory remarks on measure. (CR S1796-1797) IntroReferral B00100 9 Library of Congress 2005-02-28 Introduced in Senate IntroReferral 10000 9 Library of Congress A000069 Sen. Akaka, Daniel K. [D-HI] DANIEL AKAKA D HI KOHIKINA N S000064 Sen. Sarbanes, Paul S. [D-MD] PAUL SARBANES D MD SPYROS 2005-02-28 True C001042 Sen. Corzine, Jon S. [D-NJ] JON CORZINE D NJ S. 2005-02-28 True I000025 Sen. Inouye, Daniel K. [D-HI] DANIEL INOUYE D HI KEN 2005-03-16 False Education Business education Commerce Congress Congressional reporting requirements Consumer credit Consumer education Counseling Curricula Debtor and creditor Economic theory Economics and Public Finance Educational innovations Federal aid to education Finance and Financial Sector Financial planning Governmental investigations Higher education Nonprofit organizations Personal budgets Saving and investment Social Welfare Students Teacher education Education 00 2005-02-28 Introduced in Senate 2005-03-22T18:08:48Z College Literacy in Finance and Economics (College LIFE) Act - Amends the Higher Education Act of 1965 (HEA) to direct the Secretary of Education, in carrying out HEA activities related to improving financial and economic literacy, education, and counseling, to emphasize, among other elements, basic personal income and household money management and financial planning skills, and basic economic decision making skills.

Requires with respect to minority-serving institutions and to student assistance: (1) educational or counseling services to improve the financial and economic literacy of students and their parents; and (2) personal finance courses and skills.

Directs the Secretary to establish a HEA pilot program to enable institutions of higher education (IHEs) to provide annual personal finance counseling for their students.

Directs the Secretary to make competitive grants to IHEs or other eligible entities under new programs for: (1) developing or sponsoring experimental, innovative delivery systems for financial literacy; (2) creating or sharing personal finance courses (with priority given to eligible entities that ban or discourage credit card proliferation and abusive credit marketing practices on campus); (3) studying and making recommendations on best ways to integrate personal finance and economics into basic educational subjects; and (4) training in economics and personal finance instruction or advising for elementary and secondary school teachers or secondary school counselors.

Directs the Comptroller General to evaluate and report to specified congressional committees on the range and effectiveness of financial and economic education and financial aid counseling activities of IHEs, lenders, servicers, and guaranty agencies as emphasized by the Secretary.

]]> College Literacy in Finance and Economics (College LIFE) Act Short Titles as Introduced College Literacy in Finance and Economics (College LIFE) Act Display Title College Literacy in Finance and Economics (College LIFE) Act Official Title as Introduced A bill to amend the Higher Education Act of 1965 to enhance literacy in finance and economics, and for other purposes. Introduced in Senate 2005-02-28T05:00:00Z 2005-02-28 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.