United States 116th Congress Status: Died 1 D cosponsors

HR 7953 — Young Americans Financial Literacy Act

Last action — 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.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

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.

Bill Text

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Read HR 7953 on the official United States source →

Action History

  1. 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.

  2. 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.

  3. Sponsor introductory remarks on measure. (CR E740-741)

  4. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

Finance and financial sector Adult education and literacy Consumer credit Education programs funding Elementary and secondary education Financial literacy Financial services and investments Higher education Research administration and funding Teaching, teachers, curricula Congressional oversight
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HR 7953 do?
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.
Who sponsors HR 7953?
HR 7953 is sponsored by Andre Carson (D).
What is the current status of HR 7953?
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 7953?
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