Student Empowerment and Financial Literacy Act

Bill 118 HR 2943, also known as the Student Empowerment and Financial Literacy Act, aims to improve financial literacy among students in the United States. The bill was introduced in the House of Representatives on May 8, 2021, by Representative Mark Takano from California.

The main goal of this legislation is to provide students with the necessary tools and resources to make informed financial decisions. The bill proposes the creation of a grant program that would fund financial literacy education programs in schools across the country. These programs would cover topics such as budgeting, saving, investing, and understanding credit.

Additionally, the bill seeks to increase access to financial education resources for students by requiring schools to provide information on financial literacy programs and resources to students and their families. The bill also encourages partnerships between schools, financial institutions, and community organizations to further promote financial literacy education. Overall, the Student Empowerment and Financial Literacy Act aims to empower students to make sound financial decisions and prepare them for a successful financial future. The bill is currently in the early stages of the legislative process and has not yet been voted on by the House of Representatives.