David Valadao (R-CA)
To amend the Financial Literacy and Education Improvement Act to include secondary schools in best practices for teaching financial literacy, and for other purposes.
A Republican bill with 1 Democratic cosponsor · See all 2 cosponsors
Last activity — 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.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill amends the Financial Literacy and Education Improvement Act to include secondary schools in best practices for teaching financial literacy. It was introduced in the House of Representatives by Mr. Valadao on September 21, 2026. The legislation directs attention toward how secondary schools educate students about money management. It outlines specific financial education topics that apply directly to secondary schools. These topics range from budgeting and investing to understanding credit and avoiding financial scams. Ultimately, the bill aims to help students prepare for postsecondary education financing options.
Yes· 3 of 7
- Scored +6
Would students be better off under this?
The entire focus of the bill is on improving secondary school students' understanding of budgeting, investing, credit, and postsecondary education financing.
- Scored +5
Would children be better off under this?
The legislation directly updates best practices for financial literacy in secondary schools, benefiting school-aged children.
- Scored +4
Would people in their twenties and thirties be better off under this?
Teaching high school students budgeting, credit, and postsecondary financing options prepares them well for early adulthood.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Section 1: This section adds secondary schools to the best practices for teaching financial literacy, updating the date requirement to January 1, 2027. This is positive because it helps ensure high school students learn essential money skills early on.
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Section 1: Under the new best practices for secondary schools, students will learn methods to create a budget, track expenses, and save for financial objectives. This provision is beneficial as it gives young people practical tools for managing their everyday money.
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Section 1: The text introduces ways to save and invest money, including introducing students to different financial securities. This can be considered a positive outcome because it builds foundational knowledge for long-term wealth building.
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Section 1: Students will receive information on the fundamentals of credit, including credit scores and responsible credit card usage. This helps individuals avoid costly credit mistakes as they enter adulthood.
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Section 1: The bill teaches critical thinking skills to evaluate financial products, make informed decisions, and avoid financial scams. This protects everyday people from predatory practices and fraud.
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Section 1: It provides methods to ensure students clearly understand postsecondary education financing options and student loan borrowing. This prepares students and their families to make better financial choices before enrolling in higher education.
Potential Negative Impacts for People
- There are no negative impacts explicitly found within the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would students be better off under this? — The entire focus of the bill is on improving secondary school students' understanding of budgeting, investing, credit, and postsecondary education financing. Would children be better off under this? — The legislation directly updates best practices for financial literacy in secondary schools, benefiting school-aged children. Would people in their twenties and thirties be better off under this? — Teaching high school students budgeting, credit, and postsecondary financing options prepares them well for early adulthood. Would households on low incomes be better off under this? — Financial literacy education helps lower-income students avoid costly credit and scam mistakes, improving their long-term economic stability. Would middle-income households be better off under this? — Middle-class families benefit from students learning proper budgeting and higher education financing options.
- Social Issues And Justice
- Is this likely to lift people out of poverty? — The bill mandates financial literacy education in secondary schools, which helps equip students with money management skills to lift themselves out of poverty.
- Education And Technology
- Does this put more money into public schools? — The bill updates best practices for teaching financial literacy in secondary schools, supporting educational development.
- 10/1/2026
- 1 Cosponsor added.
- 9/21/2026
- 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.
- 1 Cosponsor added.
- Introduced in House
Vince FongRepublican · California
Brittany PettersenDemocrat · Colorado