{"bill":{"id":"119-hr-486","congress":119,"type":"HR","number":486,"title":"Young Americans Financial Literacy Act","originChamber":"House","introducedDate":"2025-01-16","sponsors":[{"bioguideId":"C001072","fullName":"Rep. Carson, André [D-IN-7]","party":"D","state":"IN","district":7}],"cosponsorsCount":49,"latestAction":{"actionDate":"2025-01-16","text":"Referred to the Committee on Financial Services, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned."},"policyArea":"Finance and Financial Sector","subjects":[],"actions":[{"date":"2025-01-16","text":"Referred to the Committee on Financial Services, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-01-16","text":"Referred to the Committee on Financial Services, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-01-16","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-01-16","text":"Sponsor introductory remarks on measure. (CR E40)","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-01-16","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>Young Americans Financial Literacy Act</strong></p><p>This bill requires the Consumer Financial Protection Bureau to award competitive grants to eligible&nbsp;institutions for the establishment of financial literacy education programs for young people and families.</p><p>An&nbsp;<em>eligible institution</em> is a partnership among two or more of the following:</p><ul><li>an institution of higher education;</li><li>a state or local government agency specializing in financial education;</li><li>a nonprofit agency, organization, or association;</li><li>a financial institution; or</li><li>another small organization.</li></ul><p>Authorized grant funded activities shall include</p><ul><li>developing and implementing comprehensive, research based, financial-literacy education programs for young people;</li><li>developing and supporting the delivery of professional development programs in financial literacy education;</li><li>developing educational programs to reduce student loan default rates; and</li><li>conducting ongoing research and evaluation of financial literacy education programs.</li></ul><p>The&nbsp;grant program&nbsp;shall terminate&nbsp;after FY2029.</p>","updateDate":"2026-04-14T08:05:39Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":490,"ts":"2026-04-15T14:56:15.026Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"/api/public/query-gov?q=Young%20Americans%20Financial%20Literacy%20Act"}]}}