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H.R. 1538: National Financial Literacy Act of 2013

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H.R. 1538: National Financial Literacy Act of 2013

113th Congress · introduced 2013-04-12 · Finance and Financial Sector · Latest: Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2013-04-12 · official record
  2. Who proposed it: Rep. Johnson, Eddie Bernice [D-TX-30] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

National Financial Literacy Act of 2013

Plain summary

National Financial Literacy Act of 2013 - Amends the Community Reinvestment Act of 1977 to require federal financial supervisory agencies jointly to prescribe regulations establishing: (1) minimum standards to be met by a community-based financial literacy program in order to be eligible for consideration as a qualified community-based financial literacy program; (2) procedures for financial institutions to apply to a federal financial supervisory agency for approval of such a program; and (3) a requirement that financial institutions submit a regular report on how the institution supported and promoted financial literacy in its entire community, including low- and moderate-income neighborhoods. Authorizes a federal financial supervisory agency to take an institution's direct support of a qualified community-based financial literacy program into account when it assesses the institution's record of meeting the community's credit needs. Amends the Internal Revenue Code to allow a tax credit to small businesses for 35% of the expenses paid or incurred for providing qualified continuing financial education to their employees.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

National Financial Literacy Act of 2013

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Johnson, Eddie Bernice [D-TX-30] · 28 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

André Carson (D-IN), Gary C. Peters (D-MI), Marc A. Veasey (D-TX), Frederica S. Wilson (D-FL), Yvette D. Clarke (D-NY), Emanuel Cleaver (D-MO), Al Green (D-TX), Hakeem S. Jeffries (D-NY), Bennie G. Thompson (D-MS), Robert C. "Bobby" Scott (D-VA), Henry C. "Hank" Johnson, Jr. (D-GA), Terri A. Sewell (D-AL)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Rulemaking
The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong113-hr1538 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113