Young Adults Financial Literacy Act
Latest action · Mar 23, 2011 Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 18, 2011
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Young Adults Financial Literacy Act - Authorizes the Secretary of the Treasury to make competitive grants to, and enter contracts with, eligible institutions to establish centers of excellence to support research, development and planning, implementation, and evaluation of effective programs in financial literacy education for young adults and families ages 15-24 years old.
Defines "eligible institution" as any partnership consisting of an institution of higher education and any of the following: (1) one or more local educational agencies; (2) a nonprofit agency, organization, or association; (3) a community-based organization; or (4) a financial institution.
Cosponsors 48
Members who signed on, in the order they did. Signatures ran from Jan 26, 2011 to Nov 14, 2012.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-DC | Eleanor Holmes Norton | Jan 26, 2011 | |
| D-NY | Gregory W. Meeks | Jan 26, 2011 | |
| D-GA | John Lewis | Jan 26, 2011 | |
| D-GU | Madeleine Z. Bordallo | Jan 26, 2011 | |
| D-AZ | Raúl M. Grijalva | Jan 26, 2011 | |
| D-MO | Wm. Lacy Clay | Jan 26, 2011 | |
| D-MI | Dale E. Kildee | Feb 8, 2011 | |
| D-OR | Earl Blumenauer | Feb 8, 2011 | |
| D-NY | Edolphus Towns | Feb 8, 2011 | |
| D-CA | Fortney Pete Stark | Feb 8, 2011 | |
| D-MI | John Conyers, Jr. | Feb 8, 2011 | |
| D-IL | Janice D. Schakowsky | Feb 14, 2011 | |
| D-NY | Yvette D. Clarke | May 12, 2011 | |
| D-MN | Keith Ellison | May 13, 2011 | |
| D-CO | Jared Polis | May 31, 2011 | |
| D-TN | Steve Cohen | Jun 22, 2011 | |
| D-NY | Carolyn B. Maloney | Jan 23, 2012 | |
| D-TX | Ruben Hinojosa | Jan 23, 2012 | |
| D-MN | Betty McCollum | Jan 31, 2012 | |
| D-NY | Charles B. Rangel | Jan 31, 2012 | |
| D-WI | Gwen Moore | Jan 31, 2012 | |
| D-TX | Silvestre Reyes | Feb 8, 2012 | |
| D-MO | Russ Carnahan | Mar 8, 2012 | |
| D-GA | David Scott | Mar 19, 2012 | |
| D-NY | Steve Israel | Mar 19, 2012 | |
| D-CA | Judy Chu | Mar 26, 2012 | |
| D-CA | Laura Richardson | Mar 29, 2012 | |
| D-CA | Bob Filner | Apr 17, 2012 | |
| D-CA | Howard L. Berman | Apr 17, 2012 | |
| D-VA | James P. Moran | Apr 17, 2012 | |
| D-IL | Jesse L. Jackson, Jr. | Apr 17, 2012 | |
| D-CA | Joe Baca | Apr 17, 2012 | |
| D-CA | Maxine Waters | Apr 17, 2012 | |
| D-CA | Michael M. Honda | Apr 17, 2012 | |
| D-TX | Sheila Jackson Lee | Apr 17, 2012 | |
| D-OR | Suzanne Bonamici | Apr 17, 2012 | |
| D-CT | James A. Himes | Apr 19, 2012 | |
| D-IL | Bobby L. Rush | Apr 25, 2012 | |
| D-OH | Dennis J. Kucinich | Apr 25, 2012 | |
| D-MD | Donna F. Edwards | Apr 25, 2012 | |
| D-MO | Emanuel Cleaver | May 8, 2012 | |
| D-VA | Gerald E. Connolly | May 8, 2012 | |
| D-IL | Luis V. Gutierrez | May 8, 2012 | |
| D-MI | Gary C. Peters | May 18, 2012 | |
| D-MA | Michael E. Capuano | Jun 26, 2012 | |
| D-CA | Barbara Lee | Aug 7, 2012 | |
| D-NC | Melvin L. Watt | Sep 10, 2012 | |
| D-GA | Henry C. "Hank" Johnson, Jr. | Nov 14, 2012 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jan 18, 2011 |
| Consumer Protection and Financial Institutions Subcommittee | Referred Mar 23, 2011 | |
| House | Education and Workforce Committee | Referred Jan 18, 2011 |
| Higher Education and Workforce Development Subcommittee | Referred Feb 25, 2011 |
Actions 4
Everything that happened, newest first.
- Mar 23, 2011Referred to the Subcommittee on Financial Institutions and Consumer Credit.
- Feb 25, 2011Referred to the Subcommittee on Higher Education and Workforce Training.
- Jan 18, 2011Introduced in House
- Jan 18, 2011Referred to the Committee on Financial Services, and in addition to the Committee on Education and the 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.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H255.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To establish a grant program in the Department of the Treasury to fund the establishment of centers of excellence to support research, development and planning, implementation, and evaluation of effective programs in financial literacy education for young adults and families ages 15-24 years old, and for other purposes.
- Short Titles as Introduced
- Young Adults Financial Literacy Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jan 18, 2011Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
