H.R. 891: Young Americans Financial Literacy Act

Introduced:
Feb 28, 2013 (113th Congress, 2013–2015)
Sponsor:
Rep. André Carson [D-IN7]
Status:
Referred to Committee

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was assigned to a congressional committee on February 28, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

Progress
Introduced Feb 28, 2013
Referred to Committee Feb 28, 2013
Reported by Committee ...
Passed House ...
Passed Senate ...
Signed by the President ...
Prognosis

1% chance of getting past committee.
0% chance of being enacted.

Only 11% of House bills made it past committee and only 3% were enacted in 2011–2013. [show factors | methodology]

Cosponsors
none
Committees

House Education and the Workforce

↪ Early Childhood, Elementary, and Secondary Education

↪ Higher Education and Workforce Training

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full 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.

Summary

No summaries available.

Text

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Last updated Feb 28, 2013.
10 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/28/2013--Introduced.
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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)