Consumer Education Act

[AI summary unavailable — showing source text] Consumer Education Act - Establishes, within the Office of Education, a Director of Consumers' Education who, subject to the management of the Commissioner, shall have primary responsibility for carrying out the provisions of the consumer education programs established by title VIII of the Elementary and Secondary Education Act of 1965. Requires the Director to carry out a program of making grants to, and contracts with, institutions of higher education, State and local educational agencies, and other public and private agencies, organizations, and institutions to support research, demonstration, and pilot projects designed to provide consumer education to the public except that no grant may be made other than to a nonprofit agency, organization, or institution. Provides that financial assistance under this Act may be made available only upon application to the Director at such time, in such form, and containing such information as the Director shall prescribe by regulation. Requires applicants for assistance under this Act to set forth policies and procedures which assure that Federal funds made available for any fiscal year will be so used as to supplement and, to the extent prac…