Young Americans Financial Literacy Act
Latest action · Nov 16, 2015 Referred to the Subcommittee on Higher Education and Workforce Training.
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.
- IntroducedApr 16, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Young Americans Financial Literacy Act
Authorizes the Director of the Consumer Financial Protection Bureau to make competitive grants to, and enter agreements 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 people and families ages 8-24 years old.
Limits the aggregate amount of grants made under this Act during any fiscal year. Sunsets the grant program at the end of FY2018.
Defines "eligible institution" as a partnership of two or more of the following: (1) an institution of higher education; (2) a local educational agency; (3) a nonprofit agency, organization, or association; or (4) a financial institution.
Cosponsors 24
Members who signed on, in the order they did. Signatures ran from Apr 16, 2015 to Sep 12, 2016; 21 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Adam B. Schiff | Original | Apr 16, 2015 |
| D-FL | Alcee L. Hastings | Original | Apr 16, 2015 |
| D-CA | Barbara Lee | Original | Apr 16, 2015 |
| D-MI | Brenda L. Lawrence | Original | Apr 16, 2015 |
| D-LA | Cedric L. Richmond | Original | Apr 16, 2015 |
| D-NY | Charles B. Rangel | Original | Apr 16, 2015 |
| D-MD | Donna F. Edwards | Original | Apr 16, 2015 |
| D-DC | Eleanor Holmes Norton | Original | Apr 16, 2015 |
| D-NY | Gregory W. Meeks | Original | Apr 16, 2015 |
| D-WI | Gwen Moore | Original | Apr 16, 2015 |
| D-GA | Henry C. "Hank" Johnson, Jr. | Original | Apr 16, 2015 |
| D-MI | John Conyers, Jr. | Original | Apr 16, 2015 |
| D-OH | Joyce Beatty | Original | Apr 16, 2015 |
| D-CA | Judy Chu | Original | Apr 16, 2015 |
| D-IL | Luis V. Gutierrez | Original | Apr 16, 2015 |
| D-GU | Madeleine Z. Bordallo | Original | Apr 16, 2015 |
| D-OH | Marcy Kaptur | Original | Apr 16, 2015 |
| D-CA | Michael M. Honda | Original | Apr 16, 2015 |
| D-TX | Ruben Hinojosa | Original | Apr 16, 2015 |
| D-CA | Ted Lieu | Original | Apr 16, 2015 |
| D-MO | Wm. Lacy Clay | Original | Apr 16, 2015 |
| D-NV | Dina Titus | Apr 21, 2015 | |
| I-AZ | Kyrsten Sinema | Apr 21, 2015 | |
| D-GA | David Scott | Sep 12, 2016 |
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 Apr 16, 2015 |
| House | Education and Workforce Committee | Referred Apr 16, 2015 |
| Early Childhood, Elementary, and Secondary Education Subcommittee | Referred Nov 16, 2015 | |
| Higher Education and Workforce Development Subcommittee | Referred Nov 16, 2015 |
Actions 5
Everything that happened, newest first.
- Nov 16, 2015Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.
- Nov 16, 2015Referred to the Subcommittee on Higher Education and Workforce Training.
- Apr 16, 2015Introduced in House
- Apr 16, 2015Sponsor introductory remarks on measure. (CR E520-521)
- Apr 16, 2015Referred 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.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Extensions | Debate and remarks E520 | André Carson D-IN | Apr 16, 2015 |
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 Congressional Record, vol. 161, no. 55, April 16, 2015, page H2309.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To establish a grant program in the Bureau of Consumer Financial Protection 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 people and families ages 8 through 24 years old, and for other purposes.
- Short Titles as Introduced
- Young Americans 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.
- Apr 16, 2015Introduced 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.
