3.0.0 2535 2023-01-11T13:22:45Z 2023-01-11T13:22:45Z House H HR 2011-07-14 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. JACKSON LEE of Texas:H.R. 2535.Congress has the power to enact this legislation pursuantto the following:To the Commerce Clause of the U.S. Constitution.[Page H5086]]]> hsed00 Education and the Workforce Committee House Standing hsed13 Higher Education and Workforce Development Subcomittee Referred to 2011-09-08T16:54:32Z Referred to 2011-07-14T14:03:15Z College LIFE Act 112 1260 S 2011-06-23 Sponsor introductory remarks on measure. (CR S4040) Related bill CRS 2011-09-08 hsed13 Higher Education and Workforce Development Subcomittee 1 House committee actions Referred to the Subcommittee on Higher Education and Workforce Training. Committee 2011-07-14 Referred to the House Committee on Education and the Workforce. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2011-07-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-07-14 Introduced in House IntroReferral 1000 9 Library of Congress J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 N Y000031 Rep. Young, C. W. Bill [R-FL-10] C. W. Young R FL Bill 10 2011-07-14 True C000714 Rep. Conyers, John, Jr. [D-MI-14] JOHN CONYERS D MI 14 2011-07-14 True K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2011-07-14 True A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2011-07-14 True H000324 Rep. Hastings, Alcee L. [D-FL-23] ALCEE HASTINGS D FL L. 23 2011-07-14 True H001050 Rep. Hanabusa, Colleen W. [D-HI-1] Colleen Hanabusa D HI W. 1 2011-07-14 True M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2011-07-14 True M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2011-07-14 True J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2011-07-14 True Q000023 Rep. Quigley, Mike [D-IL-5] Mike Quigley D IL 5 2011-07-14 True H001038 Rep. Higgins, Brian [D-NY-27] Brian Higgins D NY 27 2011-07-14 True C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2011-07-14 True K000172 Rep. Kildee, Dale E. [D-MI-5] DALE KILDEE D MI E. 5 2011-07-14 True G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2011-07-14 True M001137 Rep. Meeks, Gregory W. [D-NY-6] GREGORY MEEKS D NY W. 6 2011-07-14 True R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 2011-07-14 True H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2011-07-14 True B001270 Rep. Bass, Karen [D-CA-33] Karen Bass D CA 33 2011-07-14 True S001165 Rep. Sires, Albio [D-NJ-13] Albio Sires D NJ 13 2011-07-14 True T000469 Rep. Tonko, Paul [D-NY-21] Paul Tonko D NY 21 2011-07-14 True Education Financial literacy Government lending and loan guarantees Higher education Student aid and college costs Teaching, teachers, curricula Education 00 2011-07-14 Introduced in House 2011-08-29T19:44:20Z College Literacy in Finance and Economics Act of 2011 or College LIFE Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require institutions of higher education (IHEs) to provide student borrowers under the Federal Family Education Loan, Direct Loan, and Perkins Loan programs with financial literacy counseling within 45 days of their first receipt of such a loan and prior to the completion of their studies or when they leave school.

Requires student borrowers to receive at least four hours of counseling on each occasion.

Makes such counseling requirements inapplicable to borrowers of consolidation loans.

Requires financial literacy counseling to include information on student financial aid, banking, budgeting and saving, credit and debt management, credit cards and products, investing, credit scores, housing, taxes, and responsible financial decision making.

Directs the Secretary of Education to develop a curriculum that IHEs may use to fulfill this Act's requirements.

]]> College Literacy in Finance and Economics Act of 2011 Display Title College Literacy in Finance and Economics Act of 2011 Official Title as Introduced To require financial literacy and economic education counseling for student borrowers, and for other purposes. Introduced in House IH Short Titles as Introduced College Literacy in Finance and Economics Act of 2011 Short Titles as Introduced College LIFE Act Introduced in House 2011-07-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2535ih/xml/BILLS-112hr2535ih.xml 2011-09-08 Referred to the Subcommittee on Higher Education and Workforce Training. 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.