WASHINGTON -CUNA lobbyists said they believe the Senate could complete its work on the education reform bill this week, which they hope will retain financial education language adopted last week. "We are hopeful that the youth financial education initiatives that we've been supporting will be part of the Senate bill, as it is in the House bill," CUNA Vice President and Senior Legislative Counsel Gary Kohn said. The financial literacy amendment offered by Senators Jon Corzine (D-N.J.) and Michael Enzi (R-Wyo.), which provides funds for state agencies to create financial education programs for elementary and secondary school children, was added to the Better Education for Students and Teachers Act (S.1) late two weeks ago. "Right now they're still floundering around with different amendments," Kohn explained. He added that most of the amendments were germane to the subject and come from the Democratic side of the aisle. Last month the House passed similar bill, which also included financial education provisions.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.