Young Americans Financial Literacy Act
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.
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 16, 2025
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 50
Members who signed on, in the order they did. Signatures ran from Jan 16, 2025 to Apr 15, 2026, with 23 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Adriano Espaillat | Original | Jan 16, 2025 |
| D-FL | Darren Soto | Original | Jan 16, 2025 |
| D-IL | Delia C. Ramirez | Original | Jan 16, 2025 |
| D-NV | Dina Titus | Original | Jan 16, 2025 |
| D-PA | Dwight Evans | Original | Jan 16, 2025 |
| D-HI | Ed Case | Original | Jan 16, 2025 |
| D-DC | Eleanor Holmes Norton | Original | Jan 16, 2025 |
| D-RI | Gabe Amo | Original | Jan 16, 2025 |
| D-GA | Henry C. "Hank" Johnson, Jr. | Original | Jan 16, 2025 |
| D-MI | Hillary J. Scholten | Original | Jan 16, 2025 |
| D-CT | Jahana Hayes | Original | Jan 16, 2025 |
| D-MA | James P. McGovern | Original | Jan 16, 2025 |
| D-NJ | LaMonica McIver | Original | Jan 16, 2025 |
| D-CA | Linda T. Sánchez | Original | Jan 16, 2025 |
| D-PA | Madeleine Dean | Original | Jan 16, 2025 |
Actions 3
Everything that happened, newest first.
- Jan 16, 2025Introduced in House
- Jan 16, 2025Referred 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.
- Jan 16, 2025Sponsor introductory remarks on measure. (CR E40)
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jan 16, 2025Introduced 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.