Student Empowerment and Financial Literacy Act

The Student Empowerment and Financial Literacy Act (HR 2943) creates a federal grant program to fund innovative financial literacy education in elementary and secondary schools. It provides competitive grants to eligible entities - like schools, community groups, or financial institutions - to develop programs teaching personal finance topics (e.g., budgeting, credit, student loans, saving) that improve student awareness and teacher training. Grants last up to 3 years, with renewal possible for successful programs, and prioritize projects serving underbanked communities, diverse geographic areas, and students with varying needs. The program aims to expand voluntary financial literacy resources for K-12 students nationwide.