Young Americans Financial Literacy Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 25, 2017)
Young Americans Financial Literacy Act
This bill requires the Consumer Financial Protection Bureau to award competitive grants to eligible institutions for the establishment of centers of excellence to support research, development, implementation, and evaluation of effective 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 local educational agency;
- a nonprofit agency, organization, or association; or
- a financial institution.
Authorized grant-funded activities shall include:
- 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 FY2019.
What just happenedMay 25, 2017
Referred 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.
Who’s behind it
- Introduced in HouseMay 25, 2017
- May 25, 2017IntroReferralH11100
Referred 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.
Education and the Workforce Committee - May 25, 2017IntroReferralH11100-A
Referred 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.
- May 25, 2017IntroReferralH11100
Referred 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.
Financial Services Committee - May 25, 2017IntroReferralB00100
Sponsor introductory remarks on measure. (CR E733)
- May 25, 2017IntroReferralIntro-H
Introduced in House
- May 25, 2017IntroReferral1000
Introduced in House