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Guaranteed Income for Youth Exiting Foster Care

This act establishes a guaranteed income program for young adults transitioning out of foster care. It aims to provide financial stability and support during their move to independent living, helping cover basic needs and reducing the risk of poverty.
Key points
Young people who were in foster care after age 14 and exited after age 16 can receive up to $12,000 annually for 5 years, until they turn 27.
Participants will be automatically enrolled and offered financial literacy education, with the received funds not affecting eligibility for other federal benefits.
States must consult with youth-serving organizations on program plans and report regularly on outcomes to ensure effectiveness and transparency.
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Additional Information
Guaranteed Income for Foster Youth Act
Print number: HR 7038
Sponsor: Rep. Garcia, Robert [D-CA-42]
Process start date: 2024-01-18