houseStanding
Education and Workforce Committee
- Referred To
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H.R. 486In committee
Young Americans Financial Literacy Act
Introduced: Jan 16, 2025
Latest action date: Jan 16, 2025
Latest development
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.
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- Congress
- 119th Congress
- Introduced
- Jan 16, 2025
- Recorded roll calls
- 0
Status detail: The most advanced recorded stage is committee consideration.
Plain-language overview
What this bill does
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.
Official summary from Congress.gov.
Civixly topics
What this legislation is about
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Official CRS policy area
Finance and Financial Sector
Committee activity
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Official committee record ↗
houseStanding
Financial Services Committee
- Referred To
Amendments
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Checked against Congress.gov Oct 20, 2026.
Action timeline
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View full action timeline4 actions
Introduced in House
IntroReferralLibrary of CongressIntroduced in House
IntroReferralLibrary of CongressSponsor introductory remarks on measure. (CR E40)
IntroReferralLibrary of CongressReferred 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.
IntroReferralHouse floor actions
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