H.R. 2535: College Literacy in Finance and Economics Act of 2011
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H.R. 2535: College Literacy in Finance and Economics Act of 2011
112th Congress · introduced 2011-07-14 · Education · Latest: Referred to the Subcommittee on Higher Education and Workforce Training.
federal
Follow this bill, step by step
- Where it came from: introduced 2011-07-14 · official record
- Who proposed it: Rep. Jackson Lee, Sheila [D-TX-18] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the Subcommittee on Higher Education and Workforce Training. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
College Literacy in Finance and Economics Act of 2011
Plain summary
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.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
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A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
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PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
Official text
College Literacy in Finance and Economics Act of 2011
Source: Congressional Research Service summary (Introduced in House)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Jackson Lee, Sheila [D-TX-18] · 20 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Marcy Kaptur (D-OH), Mike Quigley (D-IL), Gregory W. Meeks (D-NY), Paul Tonko (D-NY)
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-112hr2535.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/112/hr>
Record fed-us-cong112-hr2535 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112