Consumer Financial Education and Empowerment Act

House Bill 6012 - Consumer Financial Education and Empowerment Act: Overview, Status, and Impact

Hozzl · 2022-02-08T23:17:39Z

Explore the details of House Bill 6012 Consumer Financial Education and Empowerment Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

2/8/2022, 11:17 PM

Congressional Summary of HR 6012

Consumer Financial Education and Empowerment Act

This bill establishes within the Consumer Financial Protection Bureau a program to award grants to certain nonprofit organizations, state governments, and local governments for financial literacy programs. Programs eligible for grants may include education regarding credit, student loan debt, homeownership, investments, retirement, or starting a business.

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Current Status of Bill HR 6012

Bill HR 6012 is currently in the status of Bill Introduced since February 27, 2020. Bill HR 6012 was introduced during Congress 116 and was introduced to the House on February 27, 2020. Bill HR 6012's most recent activity was Referred to the House Committee on Financial Services. as of February 27, 2020

Bipartisan Support of Bill HR 6012

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 6012

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Business investment and capital

- Consumer credit

- Financial literacy

- Financial services and investments

- Higher education

- Housing finance and home ownership

- Social work, volunteer service, charitable organizations

- Student aid and college costs

Alternate Title(s) of Bill HR 6012

Consumer Financial Education and Empowerment Act

To require the Director of the Bureau of Consumer Financial Protection to establish a grant program to facilitate financial literacy programs, and for other purposes.

Consumer Financial Education and Empowerment Act