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Financial Literacy for Youth: New Programs and Support

This act aims to improve financial knowledge among young people aged 8 to 24 and their families. It establishes a grant program to fund centers of excellence dedicated to researching, developing, and implementing effective financial literacy education programs. This will help citizens better manage their money, avoid debt, and build financial stability.
Key points
Support for financial education programs for individuals aged 8-24, covering money management, saving, and avoiding financial pitfalls.
Priority for programs tailored to the age, life situation, and needs of at-risk groups, including minorities and disadvantaged individuals.
Development of educational materials and training for educators to ensure high-quality financial instruction.
Access to financial information through traditional and digital methods, including social media, in an accessible format.
Funding for programs until fiscal year 2025, with an annual budget ranging from $27.5 million to $55 million.
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Expired
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Additional Information
Print number: 117_HR_3483
Sponsor: Rep. Carson, Andre [D-IN-7]
Process start date: 2021-05-25
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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

Young Americans Financial Literacy Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3483.

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 2021-05-25.

What are the main provisions?

Key points include:

  • Support for financial education programs for individuals aged 8-24, covering money management, saving, and avoiding financial pitfalls.
  • Priority for programs tailored to the age, life situation, and needs of at-risk groups, including minorities and disadvantaged individuals.
  • Development of educational materials and training for educators to ensure high-quality financial instruction.
  • Access to financial information through traditional and digital methods, including social media, in an accessible format.
  • Funding for programs until fiscal year 2025, with an annual budget ranging from $27.5 million to $55 million.
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. Carson, Andre [D-IN-7].

What is the latest detailed status?

The latest detailed status is: Sponsor introductory remarks on measure. (CR E577)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Education Economy Family