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Youth Financial Literacy: New Programs and Grants

This act aims to improve financial knowledge among young people aged 8 to 24 and their families. Through new educational programs, citizens will be better equipped to manage their money, avoid debt, and make informed financial decisions, leading to greater personal stability.
Key points
Establishment of centers of excellence to develop and implement financial literacy education programs for young people.
Programs will cover topics like saving, debt management, budgeting, and avoiding financial pitfalls such as credit card misuse.
Priority for programs tailored to age, socioeconomic levels, and the needs of at-risk populations, including minorities.
Support for programs aimed at reducing student loan default rates.
Educational content will be delivered through traditional and digital methods, including social media platforms.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_2821
Sponsor: Rep. Carson, Andre [D-IN-7]
Process start date: 2023-04-25
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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 118_HR_2821.

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 2023-04-25.

What are the main provisions?

Key points include:

  • Establishment of centers of excellence to develop and implement financial literacy education programs for young people.
  • Programs will cover topics like saving, debt management, budgeting, and avoiding financial pitfalls such as credit card misuse.
  • Priority for programs tailored to age, socioeconomic levels, and the needs of at-risk populations, including minorities.
  • Support for programs aimed at reducing student loan default rates.
  • Educational content will be delivered through traditional and digital methods, including social media platforms.
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 E349)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Education Economy