H.R. 3483: Young Americans Financial Literacy Act

117th Congress · introduced 2021-05-25 · Finance and Financial Sector · Latest: 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.

federal

Follow this bill, step by step

Where it came from: introduced 2021-05-25 · official record
Who proposed it: Rep. Carson, Andre [D-IN-7] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: 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. Not final yet: this can still change. We check for updates every day.
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

Young Americans Financial Literacy Act

Plain summary

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.

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

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A “Nay” vote

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What does this mean? (plain words)

Official text

Young Americans Financial Literacy Act

Source: Congressional Research Service summary (Introduced in House)

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

Officials and money

Sponsor: Rep. Carson, Andre [D-IN-7] · 23 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Nanette Diaz Barragán (D-CA), Joyce Beatty (D-OH), Eleanor Holmes Norton (D-DC), Jahana Hayes (D-CT), Juan Vargas (D-CA), Dina Titus (D-NV), Jesús G. "Chuy" García (D-IL), James P. McGovern (D-MA), Bennie G. Thompson (D-MS), Thomas R. Suozzi (D-NY), Ilhan Omar (D-MN), Frederica S. Wilson (D-FL), Dwight Evans (D-PA), Marcy Kaptur (D-OH), Melanie A. Stansbury (D-NM), Marc A. Veasey (D-TX), Mark DeSaulnier (D-CA)

Sponsor's campaign money: Rep. Carson, Andre [D-IN-7] reported raising $1.1 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

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 (2)

Authorization: A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hr3483.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>

Record fed-us-cong117-hr3483 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117