H.R. 10528House119th Congress (2025-2027)In Committee

To amend the Financial Literacy and Education Improvement Act to include secondary schools in best practices for teaching financial literacy, and for other purposes.

AI-Generated Summary

Updated September 28, 2026 at 12:51 PM UTC

This bill updates the Financial Literacy and Education Improvement Act so that the guidance on "best practices" for teaching financial literacy also applies to secondary schools, not just colleges and universities. It sets a new implementation date of January 1 2027 and adds specific topics that high‑school curricula should cover, such as budgeting, saving, credit basics, and understanding student‑loan options. The changes affect local education agencies, high schools, and the students they serve.

Key Provisions

Adds "secondary schools" to the list of institutions that must follow the Act’s best‑practice guidelines.
Updates the effective date for the new requirements to January 1 2027.
Specifies best‑practice topics for high schools, including how to create a budget, save and invest, understand credit scores and responsible credit‑card use, evaluate financial products, avoid scams, and learn about post‑secondary financing and student loans.
Clarifies language for higher‑education best practices and expands the definition of institutions to include secondary schools.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the Committee on Financial Services, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Financial Services Committee

September 21, 2026

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HouseIntro Referral

Introduced in House

September 21, 2026

HouseIntro Referral

Financial Services Committee

September 21, 2026

Bill Text

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Introduced in HouseIssued September 21, 2026

119th CONGRESS

2d Session

H. R. 10528

IN THE HOUSE OF REPRESENTATIVES

September 21, 2026

Mr. Valadao (for himself and Ms. Pettersen) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To amend the Financial Literacy and Education Improvement Act to include secondary schools in best practices for teaching financial literacy, and for other purposes.

Inclusion of local educational agencies and schools in best practices for teaching financial literacy

Section 514(a)(3) of the Financial Literacy and Education Improvement Act (20 U.S.C. 9703(a)(3)) is amended—

(1)

in subparagraph (A)—

(A)

in the matter preceding clause (i)—

(i)

by inserting and secondary schools after of institutions of higher education;

(ii)

by striking May 24, 2018 and inserting January 1, 2027; and

(iii)

by inserting and secondary schools after for institutions of higher education; and

(B)

in clause (ii), by striking at institutions of higher education when and inserting in;

(2)

by striking subparagraph (B) and inserting the following:

(B)

Best practices

(i)

The best practices described in subparagraph (A), as applicable to institutions of higher education, shall include—

(I)

methods to ensure that each student has a clear sense of the student’s total borrowing obligations, including monthly payments, and repayment options;

(II)

the most effective ways to engage students in financial literacy education, including frequency and timing of communication with students;

(III)

information on how to target different student populations, including part-time students, first-time students, and other nontraditional students; and

(IV)

ways to clearly communicate the importance of graduating on a student’s ability to repay student loans.

(ii)

The best practices described in subparagraph (A), as applicable to secondary schools, shall include—

(I)

methods to create a budget, track expenses, and save for short-term and long-term financial objectives;

(II)

effective ways to save and invest money, including by introducing students to different financial securities;

(III)

information on the fundamentals of credit, including a description and effects of credit scores, and the importance of responsible credit card usage;

(IV)

critical thinking skills to evaluate financial products, make informed decisions, and avoid financial scams; and

(V)

methods to ensure that each student has a clear understanding of postsecondary education financing options, including student loan borrowing, in preparation for enrollment at an institution of higher education.

; and

(3)

in subparagraph (D), by inserting or a secondary school after institution of higher education.