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HR 891 113th Congress House

Young Americans Financial Literacy Act

Official title: To establish a grant program in the Bureau of Consumer Financial Protection to fund the establishment of centers of excellence to support research, development… Show full official titleShow less

Official title: To establish a grant program in the Bureau of Consumer Financial Protection to fund the establishment of 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 through 24 years old, and for other purposes.

Introduced: February 28, 2013 Introduced by: Carson, André Democratic · Indiana See on congress.gov
Finance and Financial Sector Adult education and literacyEducation programs fundingElementary and secondary educationFinancial literacy
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Higher educationResearch administration and fundingTeaching, teachers, curricula
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 23, 2013
Referred to the Subcommittee on Higher Education and Workforce Training.
Apr 23, 2013
Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.
Feb 28, 2013
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.
Feb 28, 2013
Introduced in House
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 Latest action April 23, 2013

Referred to the Subcommittee on Higher Education and Workforce Training.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
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APA
U.S. Congress. (2026). H.R. 891: Young Americans Financial Literacy Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-891/
MLA
"H.R. 891: Young Americans Financial Literacy Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-891/.
Bluebook (legal)
H.R. 891, 113th Cong. (2026), https://openamerica.io/bill/113-HR-891/.
Markdown link
[H.R. 891: Young Americans Financial Literacy Act](https://openamerica.io/bill/113-HR-891/)
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