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. FLPPP was tasked with:
Adopting a state definition of financial literacy;
Identifying strategies to increase the financial literacy of students;
Identifying and making financial literacy information available to school districts; and
Providing financial literacy instructional materials and professional development.
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. In 2009, the work of FLPPP officially comes to an end, however the baton was tossed to the Partnership's successor organization the Financial Education Public Private Partnership (FEPPP) in HB 1347.
Plan for the Future
Over the past five years, FLPPP has:
Provided professional development training for teachers;
Worked with the Office of the Superintendent of Public Instruction (OSPI) to include several financial literacy questions on state competency assessments;
Worked with OSPI to officially make financial literacy a part of the state social studies standards (grade 7);
Created a web site (www.flppp.org) that includes financial literacy information available to teachers and parents;
Adopted content standards for personal finance for the state of Washington; and
Provided teacher training, helping teachers integrate financial literacy principles into required course materials.