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H.R. 891

Young Americans Financial Literacy Act

Young Americans Financial Literacy Act - Authorizes the Director of the Consumer Financial Protection Bureau (CFPB) to make competitive grants to, and enter agreements with, eligible institutions to establish centers of excellence to support research, development and planning, implementation, and evaluation of effective programs in financial literacy education for young people and families ages 8-24 years old.

Limits the aggregate amount of grants made under this Act during any fiscal year. Sunsets the grant program at the end of FY2018.

Defines "eligible institution" as a partnership of two or more of the following: (1) an institution of higher education; (2) a local educational agency; (3) a nonprofit agency, organization, or association; or (4) a financial institution.

Referred to the Subcommittee on Higher Education and Workforce Training.

Rep. Carson, Andre [D-IN-7](D-IN)Sponsor
1 cosponsor1 D
1cosponsors2committees6actions7subjects
  • Introduced in HouseFeb 28, 2013
  1. Committee

    Referred to the Subcommittee on Higher Education and Workforce Training.

  2. Committee

    Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.

  3. IntroReferralH11100

    Referred to the Committee on Financial Services, and in addition to the Committee on Education and the 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.

  4. IntroReferralH11100

    Referred to the Committee on Financial Services, and in addition to the Committee on Education and the 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.

  5. IntroReferralIntro-H

    Introduced in House

  6. IntroReferral1000

    Introduced in House

Young Americans Financial Literacy Act — Informed