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Financial Literacy for Youth: Support and Development Programs

This act aims to improve financial knowledge among young people aged 8 to 24 and their families. It establishes a grant program for centers of excellence to develop and implement effective financial literacy education programs. This will provide citizens with better tools to manage their finances, 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.
Creation of centers of excellence to research and develop best practices for financial education, tailored to various age groups and life situations.
Prioritization of programs that assist at-risk populations, such as minorities, financially vulnerable individuals, and students with loans.
Ensuring accessibility of educational content through traditional teaching methods and digital platforms, including social media.
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Status:
Introduced
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Additional Information
Print number: 119_HR_486
Sponsor: Rep. Carson, André [D-IN-7]
Process start date: 2025-01-16
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash
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 119_HR_486.

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 2025-01-16.

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.
  • Creation of centers of excellence to research and develop best practices for financial education, tailored to various age groups and life situations.
  • Prioritization of programs that assist at-risk populations, such as minorities, financially vulnerable individuals, and students with loans.
  • Ensuring accessibility of educational content through traditional teaching methods and digital platforms, including social media.
What is the specific legal status?

The current status is Introduced.

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, André [D-IN-7].

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 2025-12-23.

What is the impact of this bill?

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.

CATEGORIES

Education Economy