Likely helped
- No clear beneficiaries surfaced yet.
H.R. 486 (119th)Bill Overview
Young Americans Financial Literacy Act
Finance and Financial Sector|Finance and Financial Sector
Current stageCommittee
Referred to the Committee on Financial Services, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each ca…
Introduced
Committee
Floor
President
Law
01 · The brief
Plain-English summaryWhat this bill actually does
<p><strong>Young Americans Financial Literacy Act</strong></p><p>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.</p><p>An <em>eligible institution</em> is a partnership among two or more of the following:</p><ul><li>an institution of higher education;</li><li>a state or local government agency specializing in financial education;</li><li>a nonprofit agency, organization, or association;</li><li>a financial institution; or</li><li>another small organization.</li></ul><p>Authorized grant funded activities shall include</p><ul><li>developing and implementing comprehensive, research based, financial-literacy education programs for young people;</li><li>developing and supporting the delivery of professional development programs in financial literacy education;</li><li>developing educational programs to reduce student loan default rates; and</li><li>conducting ongoing research and evaluation of financial literacy education programs.</li></ul><p>The grant program shall terminate after FY2029.</p>
Why people may split
The main political fault lines are not fully surfaced yet, so coalition durability is still unclear.
Watch point
The next hurdle is converting committee movement into a floor coalition.
<p><strong>Young Americans Financial Literacy Act</strong></p><p>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.</p><p>An <em>eligible institution</em> is a partnership among two or more of the following:</p><ul><li>an institution of higher education;</li><li>a state or local government agency specializing in financial education;</li><li>a nonprofit agency, organization, or association;</li><li>a financial institution; or</li><li>another small organization.</li></ul><p>Authorized grant funded activities shall include</p><ul><li>developing and implementing comprehensive, research based, financial-literacy education programs for young people;</li><li>developing and supporting the delivery of professional development programs in financial literacy education;</li><li>developing educational programs to reduce student loan default rates; and</li><li>conducting ongoing research and evaluation of financial literacy education programs.</li></ul><p>The grant program shall terminate after FY2029.</p>
Passage38/100
This bill has moved beyond introduction, but committee and floor dynamics still determine whether it can build durable support.
CredibilityPartial
How solid the drafting looks.
Contention62/100
The main political fault lines are not fully surfaced yet, so coalition durability is still unclear.
02 · What it does
Who stands to gain, and who may push back.
Likely benefits vs burdens0% / 100%
Likely helpedLikely burdened
These are examples from the analysis, not a ranked list of the most-affected groups.
Likely burdened
- No clear downsides surfaced yet.
03 · Why people split
Why the argument around this bill splits.
The main political fault lines are not fully surfaced yet, so coalition durability is still unclear.
Progressive—
The main political fault lines are not fully surfaced yet, so coalition durability is still unclear.
Centrist—
The main political fault lines are not fully surfaced yet, so coalition durability is still unclear.
Conservative—
The main political fault lines are not fully surfaced yet, so coalition durability is still unclear.
04 · Can it pass?
The path through Congress.
Introduced
Reached or meaningfully advanced
Committee
Reached or meaningfully advanced
Floor
Still ahead
President
Still ahead
Law
Still ahead
Passage likelihood38/100
This bill has moved beyond introduction, but committee and floor dynamics still determine whether it can build durable support.
Why this could stall
- The next hurdle is converting committee movement into a floor coalition.
05 · Recent votes
Recent votes on the bill.
No vote history yet
The bill has not accumulated any surfaced votes yet.
06 · Go deeper
Go deeper than the headline read.
Included on this page
The main political fault lines are not fully surfaced yet, so coalition durability is still unclear.
This bill has moved beyond introduction, but committee and floor dynamics still determine whether it can build durable support.
Unlocked analysis
Pro readers get the full perspective split, passage barriers, legislative design review, stakeholder impact map, and lens-based policy tradeoff analysis for Young Americans Financial Literacy Act.
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Perspective breakdownsPassage barriersLegislative design reviewStakeholder impact map
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