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Mandatory Financial Literacy for DoD High School Graduates.

This new bill makes financial literacy education a mandatory graduation requirement for students in high schools operated by the Department of Defense. Students entering ninth grade in the first school year, one year after the bill becomes law, will need to complete a dedicated financial literacy course to graduate. This aims to better prepare them for managing their personal finances.
Key points
Mandatory financial literacy course for students in Department of Defense high schools.
Requirement applies to students entering ninth grade one year after the law's enactment.
Aims to improve financial knowledge for young adults.
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Status:
Expired
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Additional Information
Department of Defense Student Financial Literacy Act
Print number: HR 4118
Sponsor: Rep. Larsen, Rick [D-WA-2]
Process start date: 2023-06-14
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Mandatory Financial Literacy for DoD High School Graduates.

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 4118.

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 2023-06-14.

What are the main provisions?

Key points include:

  • Mandatory financial literacy course for students in Department of Defense high schools.
  • Requirement applies to students entering ninth grade one year after the law's enactment.
  • Aims to improve financial knowledge for young adults.

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. Larsen, Rick [D-WA-2].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

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

Analysis and Potential Impact of HR 4118

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Education