Encouraging greater public-private sector collaboration to promote financial literacy for students and young adults.

12/15/2023, 3:51 PM

Summary of Bill HRES 392

Bill 118 H.Res. 392, also known as the Encouraging Greater Public-Private Sector Collaboration to Promote Financial Literacy for Students and Young Adults Act, aims to improve financial literacy among students and young adults by fostering collaboration between the public and private sectors. The bill recognizes the importance of financial education in helping individuals make informed decisions about their finances and achieve financial stability.

The bill calls for the creation of partnerships between schools, financial institutions, and other organizations to develop and implement financial literacy programs for students and young adults. These programs would cover topics such as budgeting, saving, investing, and managing debt. The goal is to equip young people with the knowledge and skills they need to make sound financial decisions throughout their lives.

Additionally, the bill encourages the use of technology and innovative teaching methods to make financial education more engaging and accessible to students. It also calls for the evaluation of existing financial literacy programs to identify best practices and areas for improvement. Overall, Bill 118 H.Res. 392 seeks to address the lack of financial literacy among students and young adults by promoting collaboration between the public and private sectors to develop effective and sustainable financial education programs. By equipping young people with the tools they need to navigate the complexities of personal finance, the bill aims to empower them to achieve financial security and success in the future.

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Current Status of Bill HRES 392

Bill HRES 392 is currently in the status of Bill Introduced since May 11, 2023. Bill HRES 392 was introduced during Congress 118 and was introduced to the House on May 11, 2023.  Bill HRES 392's most recent activity was Referred to the House Committee on Financial Services. as of May 11, 2023

Bipartisan Support of Bill HRES 392

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HRES 392

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HRES 392

Encouraging greater public-private sector collaboration to promote financial literacy for students and young adults.Encouraging greater public-private sector collaboration to promote financial literacy for students and young adults.
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Sponsors and Cosponsors of HRES 392

Bill Foster
Bill Foster
Illinois(Democrat)
J. French Hill
J. French Hill
Arkansas(Republican)

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