119th Congress · introduced in the House · Jan 16, 2025
Young Americans Financial Literacy Act
Official title from Congress.gov
Latest action (Jan 16, 2025): Referred to the Committee on Financial Services, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
View on Congress.govPolicy area: Finance and Financial Sector
Congressional Research Service summary, version: Introduced in House (Jan 16, 2025)
Young Americans Financial Literacy Act
This bill requires the Consumer Financial Protection Bureau to award competitive grants to eligible institutions for the establishment of financial literacy education programs for young people and families.
An eligible institution is a partnership among two or more of the following:
• an institution of higher education;
• a state or local government agency specializing in financial education;
• a nonprofit agency, organization, or association;
• a financial institution; or
• another small organization.
Authorized grant funded activities shall include
• developing and implementing comprehensive, research based, financial-literacy education programs for young people;
• developing and supporting the delivery of professional development programs in financial literacy education;
• developing educational programs to reduce student loan default rates; and
• conducting ongoing research and evaluation of financial literacy education programs.
The grant program shall terminate after FY2029.
Show less of the summaryIncludes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Referred to the Committee on Financial Services, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Financial Services, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Sponsor introductory remarks on measure. (CR E40)
Introduced in House
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