Bills · HR 7183
IN COMMITTEE· 119TH CONGRESS
House BillHR 7183Education
Youth Financial Learning Act
INTRO JAN 21· LAST ACTION JAN 21
READING
4MIN
COSPONSORS
12
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because financial literacy is a critical life skill, and many young people graduate high school without a solid understanding of personal finance. Without this knowledge, individuals are more susceptible to debt, poor credit decisions, and difficulty saving for the future, which can have long-term impacts on their economic well-being. If this bill becomes law, more students would gain practical knowledge about managing money, understanding credit, and navigating financial decisions like student loans before facing them in the real world.
If it doesn't pass, the availability and quality of financial education would largely remain dependent on individual state and local initiatives, which can vary widely. Implementing such programs nationwide could equip the next generation with the tools to make sound financial choices, potentially reducing personal debt and fostering greater economic stability for individuals and the nation.
KEY PROVISIONS
5AI-extractedPROVISION 01
The Secretary of Education would award competitive grants to State educational agencies (SEAs) for up to four years.
This establishes a federal mechanism to encourage and fund financial literacy education at the state level.
PROVISION 02
SEAs must award subgrants to local educational agencies (LEAs), with priority given to high-need or lowest-performing schools.
This ensures that the funding reaches individual school districts and prioritizes areas where students may have the greatest need for financial education.
PROVISION 03
LEAs must use subgrant funds to implement financial literacy curriculum, promote partnerships with community-based organizations, and offer professional development for teachers.
This provision outlines the specific activities schools can undertake to improve financial literacy, covering curriculum, community involvement, and teacher training.
PROVISION 04
SEAs receiving grants must provide matching funds from non-Federal sources equal to 25 percent of the federal grant amount.
This ensures that states have a financial stake in the program and contribute their own resources.
PROVISION 05
Authorizes "such sums as may be necessary" for fiscal year 2026 and the four following fiscal years to fund the grant program.
This provision sets the funding framework and timeframe for the program, indicating its intended duration.
SPONSORSHIP
1 + 12
D· Massachusetts
YRS IN OFFICE
24
BILLS LED
15
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 12 REP 0 IND 0
ACTION TIMELINE
2 EVENTSJAN 21
Introduced in House
JAN 21
Referred to the House Committee on Education and Workforce.
BILL INFO
TypeHouse Bill
NumberHR 7183
Congress119th
StatusIn Committee
IntroducedJan 21, 2026
Last actionJan 21, 2026
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IN COMMITTEE· 119TH CONGRESS · EDUCATION AND WORKFORCE COMMITTEE · INTRODUCED JAN 21, 2026
House BillHR 7183Education
Youth Financial Learning Act
INTRODUCED JAN 21, 2026· LAST ACTION JAN 21, 2026
PASSAGE CHANCES
—%
READING
4 min
COSPONSORS
12
COMPLEXITY
Moderate
