H.R. 5016: Financial Literacy for Financial Aid Act

To amend the Higher Education Act of 1965 to require the Secretary of Education to provide student borrowers with instruction in general principles of financial literacy through its online counseling tool, and for other purposes.

The bill’s titles are written by its sponsor.

What you can do



Apr 20, 2016


Referred to Committee on Apr 20, 2016

This bill was assigned to a congressional committee on April 20, 2016, which will consider it before possibly sending it on to the House or Senate as a whole.


Matt Salmon

Representative for Arizona's 5th congressional district



Read Text »
Last Updated: Apr 20, 2016
Length: 6 pages


1% chance of being enacted according to PredictGov (details)


Apr 20, 2016

This is the first step in the legislative process.

Reported by Committee

Passed House

Passed Senate

Signed by the President

H.R. 5016 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 5016 — 114th Congress: Financial Literacy for Financial Aid Act.” www.GovTrack.us. 2016. October 23, 2016 <https://www.govtrack.us/congress/bills/114/hr5016>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.