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Supporting Financial Education Programs for Citizens

This act aims to establish a program supporting financial education for citizens. Through this program, various organizations will be able to receive funds to conduct classes on money management, debt, and investing, helping individuals better plan their personal finances.
Key points
A program will be established to allocate funds for financial literacy, available to state and local governments and other experienced entities.
Educational programs will cover topics such as student loan debt management, homeownership preparation, saving, and tax planning.
Classes will be conducted live, via webinars, in classrooms, or one-on-one coaching, with opportunities for interaction with an instructor.
Funding for the program will come from the Consumer Financial Civil Penalty Fund, meaning money from consumer law violations will be used for education.
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Additional Information
Print number: 117_HR_9272
Sponsor: Rep. Scott, David [D-GA-13]
Process start date: 2022-11-03
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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

Consumer Financial Education and Empowerment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9272.

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 2022-11-03.

What are the main provisions?

Key points include:

  • A program will be established to allocate funds for financial literacy, available to state and local governments and other experienced entities.
  • Educational programs will cover topics such as student loan debt management, homeownership preparation, saving, and tax planning.
  • Classes will be conducted live, via webinars, in classrooms, or one-on-one coaching, with opportunities for interaction with an instructor.
  • Funding for the program will come from the Consumer Financial Civil Penalty Fund, meaning money from consumer law violations will be used for 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. Scott, David [D-GA-13].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

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

CATEGORIES

Economy Education