About FLPPP

The Financial Literacy Public Private Partnership (FLPPP) Committee was formed when the 2004 Washington State Legislature enacted SHB 2455 (PDF). The Committee brings together individuals from both the public and private sector.

In 2007, the Legislature extended both the sunset and funding of the Committee. The authorizing statutes for FLPPP are RCW 28A.300.450 through .470.

Plan for the Future

The FLPPP Committee has published two interim reports to the Washington Legislature. View the 2007 Interim Report (PDF) and the 2006 Interim Report (PDF).

Below are two excerpts from the 2007 Interim Report (PDF):

The Committee adopted the following definition of financial literacy:

“Financial literacy is defined as the achievement of skills and knowledge necessary to make informed judgments and effective decisions regarding earning, spending and the management of money and credit.”

With the most recent legislative funding and sunset extension, Fiscal Years 2007-2008 and 2008-2009 will focus on mechanisms for the distribution of financial literacy materials into the school system. Beginning with the creation of the position of Financial Literacy Coordinator in April 2006, the process is moving along three separate but coordinated lines.

1. Improvement in materials: providers of financial literacy materials are being encouraged to provide materials that are aligned by GLE and EALRs to make the selection process easier for classroom teachers.
2. Increased training for classroom teachers: providing training via summer institutes, in-service training, and vendor provided training.
3. Increasing the outreach to all developers and deliverers of financial literacy materials: encouraging more reporting of current and planned programs. Since there is no requirement for reporting of financial literacy delivery, the information received by the FLPPP Committee is limited to what is contributed by its members and by responses to surveys. It is evident that there are a large number of significant financial literacy programs going on within the state that are not currently coordinated.

Request More Information About FLPPP

If you would like more information about FLPPP, please email Linda Jekel at ljekel@dfi.wa.gov.