Summary: H.R.1866 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.1866. Bill summaries are authored by CRS.

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Introduced in House (04/16/2015)

Young Americans Financial Literacy Act

Authorizes the Director of the Consumer Financial Protection Bureau 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.