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HR. 486 · 119th Congress

Young Americans Financial Literacy Act

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Bill details

Introduced: 1/16/2025
Status: 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.
Bill ID: 119hr486
Latest action: 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.

Summary

Introduced in House

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.

Source: BILLSUM · Summary date: 1/16/2025

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Summary source label: BILLSUM
Congress.gov bill →GovInfo bill text (BILLS) →GovInfo summaries (BILLSUM) →OurCongress methodology →
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About this data

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Official sources
Data is sourced from official government records (e.g., Congress.gov, GovInfo, Clerk of the House, and the U.S. Senate).
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Last updated: 1/16/2025Source: BILLSUMBill: 119hr486Learn more →