118th Congress · HOUSE BILLBILL

H.R. 2821 — Young Americans Financial Literacy Act

“To establish a grant program in the Bureau of Consumer Financial Protection to fund the establishment of centers of excellence to support research, development and planning, implementation, and evaluation of effective programs in financial literacy education for young people and families ages 8 through 24 years old, and for other purposes.”

Finance and financial sector

Introduced Apr 25, 2023

Last action Apr 25, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 25, 2023

Step 2

Referred

Apr 25, 2023

Financial Services · Education and Workforce

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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; designing instructional materials;...

Provisions · 3 sectionsIntroduced in House

Timeline · 4 actions

Apr 25, 2023

Introduced in House

Apr 25, 2023

Sponsor introductory remarks on measure.

Apr 25, 2023

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.

Apr 25, 2023