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Youth Financial Learning Act: Boosting Financial Literacy in Schools

This act aims to improve financial knowledge among elementary and secondary school students. It provides funding for schools to implement or expand financial literacy programs covering topics like money management, credit, and entrepreneurship. This means young people will be better prepared to make informed financial decisions as adults.
Key points
Elementary and secondary schools can receive grants to teach personal finance, credit, student loans, and entrepreneurship.
Financial education programs will be available to students in urban, rural, and suburban areas, ensuring broad access.
The act encourages schools to partner with local organizations offering innovative financial literacy activities, including after-school programs.
Teachers will have access to professional development to better teach financial concepts, improving the quality of education.
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Expired
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Additional Information
Print number: 117_HR_1547
Sponsor: Rep. Cartwright, Matt [D-PA-8]
Process start date: 2021-03-03
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Youth Financial Learning Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1547.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-03.

What are the main provisions?

Key points include:

  • Elementary and secondary schools can receive grants to teach personal finance, credit, student loans, and entrepreneurship.
  • Financial education programs will be available to students in urban, rural, and suburban areas, ensuring broad access.
  • The act encourages schools to partner with local organizations offering innovative financial literacy activities, including after-school programs.
  • Teachers will have access to professional development to better teach financial concepts, improving the quality of education.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Cartwright, Matt [D-PA-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Education