# 119-hr-486: Young Americans Financial Literacy Act

119-hr-486, Young Americans Financial Literacy Act, is a 119th Congress bill sponsored by Rep. Carson, André [D-IN-7] (D-IN); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-486
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-486
- Congress: 119
- Title: Young Americans Financial Literacy Act
- Status: introduced
- Introduced: 2025-01-16
- Sponsor: Rep. Carson, André [D-IN-7] (D-IN)
- Cosponsors: 50
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Creates federally funded centers of excellence to expand financial literacy for young people.** The bill funds competitive CFPB grants to build, test, and scale research-based financial education for people aged 8–24 and young families. - Young people and families ages 8–24 gain access to age-appropriate curricula on goal setting, budgeting, saving, credit, debt management, and predatory lending, with attention to at-risk and minority groups. - College students and recent graduates get sustained programs designed to help manage educational debt and reduce student loan default risk. - Colleges, nonprofits, state or local agencies, financial institutions, and small partners can form eligible partnerships to compete for grants, must share evaluation data, and must deliver content in accessible classroom and digital formats; CFPB will publish an annual report listing recipients and populations served. *Authorizes annual grants of at least $27.5 million and up to $55.0 million through fiscal year 2029, increasing federal spending by that amount while grants are awarded.*

## Cosponsors (50)

- Rep. Amo, Gabe [D-RI-1] (D-RI), 2025-01-16T00:00:00.000Z
- Rep. Barragán, Nanette Diaz [D-CA-44] (D-CA), 2025-01-16T00:00:00.000Z
- Rep. Brown, Shontel M. [D-OH-11] (D-OH), 2025-01-16T00:00:00.000Z
- Rep. Carter, Troy A. [D-LA-2] (D-LA), 2025-01-16T00:00:00.000Z
- Rep. Case, Ed [D-HI-1] (D-HI), 2025-01-16T00:00:00.000Z
- Rep. Casten, Sean [D-IL-6] (D-IL), 2025-01-16T00:00:00.000Z
- Rep. Cohen, Steve [D-TN-9] (D-TN), 2025-01-16T00:00:00.000Z
- Rep. Dean, Madeleine [D-PA-4] (D-PA), 2025-01-16T00:00:00.000Z
- Rep. Espaillat, Adriano [D-NY-13] (D-NY), 2025-01-16T00:00:00.000Z
- Rep. Evans, Dwight [D-PA-3] (D-PA), 2025-01-16T00:00:00.000Z
- Rep. Hayes, Jahana [D-CT-5] (D-CT), 2025-01-16T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2025-01-16T00:00:00.000Z
- Rep. Johnson, Henry C. "Hank" [D-GA-4] (D-GA), 2025-01-16T00:00:00.000Z
- Rep. Magaziner, Seth [D-RI-2] (D-RI), 2025-01-16T00:00:00.000Z
- Rep. McGovern, James P. [D-MA-2] (D-MA), 2025-01-16T00:00:00.000Z
- Rep. McIver, LaMonica [D-NJ-10] (D-NJ), 2025-01-16T00:00:00.000Z
- Rep. Ramirez, Delia C. [D-IL-3] (D-IL), 2025-01-16T00:00:00.000Z
- Rep. Sánchez, Linda T. [D-CA-38] (D-CA), 2025-01-16T00:00:00.000Z
- Rep. Scholten, Hillary J. [D-MI-3] (D-MI), 2025-01-16T00:00:00.000Z
- Rep. Soto, Darren [D-FL-9] (D-FL), 2025-01-16T00:00:00.000Z
- Rep. Thanedar, Shri [D-MI-13] (D-MI), 2025-01-16T00:00:00.000Z
- Rep. Titus, Dina [D-NV-1] (D-NV), 2025-01-16T00:00:00.000Z
- Rep. Torres, Ritchie [D-NY-15] (D-NY), 2025-01-16T00:00:00.000Z
- Rep. Omar, Ilhan [D-MN-5] (D-MN), 2025-01-21T00:00:00.000Z
- Rep. Watson Coleman, Bonnie [D-NJ-12] (D-NJ), 2025-01-22T00:00:00.000Z
- Rep. Beatty, Joyce [D-OH-3] (D-OH), 2025-01-22T00:00:00.000Z
- Rep. Keating, William R. [D-MA-9] (D-MA), 2025-01-23T00:00:00.000Z
- Rep. Davis, Donald G. [D-NC-1] (D-NC), 2025-02-04T00:00:00.000Z
- Rep. Olszewski, Johnny [D-MD-2] (D-MD), 2025-02-04T00:00:00.000Z
- Rep. Mfume, Kweisi [D-MD-7] (D-MD), 2025-02-10T00:00:00.000Z
- Rep. Thompson, Bennie G. [D-MS-2] (D-MS), 2025-02-13T00:00:00.000Z
- Rep. Smith, Adam [D-WA-9] (D-WA), 2025-02-25T00:00:00.000Z
- Rep. Veasey, Marc A. [D-TX-33] (D-TX), 2025-03-10T00:00:00.000Z
- Rep. Mullin, Kevin [D-CA-15] (D-CA), 2025-03-11T00:00:00.000Z
- Rep. Horsford, Steven [D-NV-4] (D-NV), 2025-03-24T00:00:00.000Z
- Rep. Carbajal, Salud O. [D-CA-24] (D-CA), 2025-03-24T00:00:00.000Z
- Rep. Tokuda, Jill N. [D-HI-2] (D-HI), 2025-03-24T00:00:00.000Z
- Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL), 2025-03-25T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2025-03-25T00:00:00.000Z
- Rep. Wilson, Frederica S. [D-FL-24] (D-FL), 2025-04-28T00:00:00.000Z
- Rep. Escobar, Veronica [D-TX-16] (D-TX), 2025-05-19T00:00:00.000Z
- Rep. Figures, Shomari [D-AL-2] (D-AL), 2025-07-29T00:00:00.000Z
- Rep. Clarke, Yvette D. [D-NY-9] (D-NY), 2025-08-19T00:00:00.000Z
- Rep. Cherfilus-McCormick, Sheila [D-FL-20] (D-FL), 2025-08-29T00:00:00.000Z
- Rep. McBride, Sarah [D-DE-At Large] (D-DE), 2025-08-29T00:00:00.000Z
- Rep. Lieu, Ted [D-CA-36] (D-CA), 2025-10-03T00:00:00.000Z
- Rep. Johnson, Julie [D-TX-32] (D-TX), 2025-10-03T00:00:00.000Z
- Rep. Craig, Angie [D-MN-2] (D-MN), 2025-11-12T00:00:00.000Z
- Rep. Bonamici, Suzanne [D-OR-1] (D-OR), 2026-04-13T00:00:00.000Z
- Rep. Krishnamoorthi, Raja [D-IL-8] (D-IL), 2026-04-15T00:00:00.000Z

## Provisions PRIA read

- Grants for youth financial education centers: benefit, low. If enacted, the consumer finance bureau would award competitive grants to create centers for money education for ages 8 to 24 and their families. The centers would build research-based lessons, train teachers, and do outreach on risks like bankruptcy, foreclosure, credit card misuse, and predatory…

## Related bills

- 119-hr-7973: Momnibus Act
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025
- 119-hr-2763: American Family Act
- 119-hr-17: Paycheck Fairness Act
- 119-hr-14: John R. Lewis Voting Rights Advancement Act of 2025
- 119-hr-2550: Protect America's Workforce Act

## Sources
- [119-hr-486 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/486)

## Related
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [119-hr-2763: American Family Act](https://policyrisk.com/legislation/119-hr-2763)
- [119-hr-17: Paycheck Fairness Act](https://policyrisk.com/legislation/119-hr-17)
- [119-hr-14: John R. Lewis Voting Rights Advancement Act of 2025](https://policyrisk.com/legislation/119-hr-14)
- [119-hr-2550: Protect America's Workforce Act](https://policyrisk.com/legislation/119-hr-2550)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-486 (as of 2026-09-21).