PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Committee on Financial Services, and in addition to the Committee on Education and Labor, 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.
Congressional Research Service
Version 00 · Introduced in House · Aug 7, 2020
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;
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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;
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.
People & committees
Rep. Carson, André [D-IN-7] · D–IN
Legislative record
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Referred to the Committee on Financial Services, and in addition to the Committee on Education and Labor, 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.
Referred to the Committee on Financial Services, and in addition to the Committee on Education and Labor, 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.
Sponsor introductory remarks on measure. (CR E740-741)
Introduced in House
Introduced in House
Primary sources
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Source last updated: Jul 21, 2025. Consult Congress.gov for the current record.
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