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118th Congress Finance and Financial Sector

H.R. 2821: Young Americans Financial Literacy Act

Introduced

  1. Introduced (completed)Apr 25, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Apr 25, 2023

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

Read the full summary
  • developing and implementing comprehensive, research based, financial-literacy education programs for young people;
  • designing instructional materials;
  • developing and supporting the delivery of professional development programs in financial literacy education;
  • improving access to, and dissemination of, financial literacy information for young people and families;
  • developing educational programs to reduce student loan default rates;
  • conducting ongoing research and evaluation of financial literacy education programs; and
  • measuring the effectiveness of authorized activities.

The grant program shall terminate after FY2025.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

53

Who scored on this bill

12 points earned
  1. 1André Carson D-IN SponsorReached a cosponsor milestone, introduced3 events+12
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Introductions and cosponsorships count toward weekly caps and show no points.

History

  1. Apr 25, 2023Introduced in the House by André Carson.
Show the full action history (3 actions)
  1. Apr 25, 2023Introduced in House
  2. Apr 25, 2023Sponsor introductory remarks on measure. (CR E349)
  3. Apr 25, 2023Referred 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.