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H.R. 3483 117th 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: May 25, 2021 Introduced by: André Carson Democratic · Indiana See on congress.gov
Finance and Financial Sector Adult education and literacyCongressional oversightConsumer creditEducation programs funding
More subjectsShow fewer subjects
Elementary and secondary educationFinancial literacyFinancial services and investmentsHigher educationResearch administration and fundingStudent aid and college costsTeaching, teachers, curricula
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 25, 2021
Referred to the Committee on Financial Services, and in addition to the Committee on Education and Labor, 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.
May 25, 2021
Introduced in House
May 25, 2021
Sponsor introductory remarks on measure. (CR E577)
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 Latest action May 25, 2021

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

 Plain-English summary Congressional Research Service

Young Americans Financial Literacy Act

This bill requires the Consumer Financial Protection Bureau to award competitive grants to eligible institutions for the establishment of financial literacy education programs for young people and families. An eligible institution is a partnership among two or more of the following

  • an institution of higher education;
  • a state or local government agency specializing in financial education;
  • a nonprofit agency, organization, or association;
  • a financial institution; or
  • another small organization.

Authorized grant funded activities shall include

  • developing and implementing comprehensive, research based, financial-literacy education programs for young people;
  • designing instructional materials;
  • developing and supporting the delivery of professional development programs in financial literacy education;
  • improving access to, and dissemination of, financial literacy information for young people and families;
  • developing educational programs to reduce student loan default rates;
  • conducting ongoing research and evaluation of financial literacy education programs; and
  • measuring the effectiveness of authorized activities.

The grant program shall terminate after FY2025.

 Related & companion bills 2
  • HR 7953 Reintroduction of Young Americans Financial Literacy Act
  • HR 2821 Reintroduced Bill Young Americans Financial Literacy Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 23
All 23 Democratic 17
Bowman, Jamaal
· Nov 10, 2022
 D
DeSaulnier, Mark
California · Nov 10, 2022
Blumenauer, Earl
· Oct 31, 2022
Lawrence, Brenda
· Oct 4, 2022
 D
Kaptur, Marcy
Ohio · Aug 26, 2022
 D
Stansbury, Melanie A.
New Mexico · Aug 26, 2022
 D
Veasey, Marc A.
Texas · Aug 26, 2022
 D
Evans, Dwight
Pennsylvania · Jul 28, 2022
 D
Wilson, Frederica S.
Florida · Jul 19, 2022
 D
Omar, Ilhan
Minnesota · Jul 12, 2022
Jackson Lee, Sheila
· Jul 1, 2022
Trone, David
· Jun 24, 2022
 D
Suozzi, Thomas R.
New York · Jun 23, 2022
 D
Thompson, Bennie G.
Mississippi · Jun 23, 2022
 D
McGovern, James P.
Massachusetts · Jun 14, 2022
 D
García, Jesús G. "Chuy"
Illinois · May 31, 2022
 D
Titus, Dina
Nevada · May 24, 2022
JOHNSON, EDDIE
· May 17, 2022
 D
Vargas, Juan
California · May 11, 2022
 D
Beatty, Joyce
Ohio · Mar 17, 2022
 D
Hayes, Jahana
Connecticut · Mar 17, 2022
 D
Norton, Eleanor Holmes
District of Columbia · Mar 17, 2022
 D
Barragán, Nanette Diaz
California · Mar 15, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3483: Young Americans Financial Literacy Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-3483/
MLA
"H.R. 3483: Young Americans Financial Literacy Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-3483/.
Bluebook (legal)
H.R. 3483, 117th Cong. (2026), https://openamerica.io/bill/117-HR-3483/.
Markdown link
[H.R. 3483: Young Americans Financial Literacy Act](https://openamerica.io/bill/117-HR-3483/)
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