# 119-hr-8056: Military Financial Literacy Act of 2026

119-hr-8056, Military Financial Literacy Act of 2026, is a 119th Congress bill sponsored by Rep. McDonald Rivet, Kristen [D-MI-8] (D-MI); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8056
- 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-8056
- Congress: 119
- Title: Military Financial Literacy Act of 2026
- Status: introduced
- Introduced: 2026-03-24
- Sponsor: Rep. McDonald Rivet, Kristen [D-MI-8] (D-MI)
- Cosponsors: 23
- Policy area: Armed Forces and National Security
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Personalized financial and housing counseling for active-duty and transitioning service members** would expand one-on-one help on credit, budgeting, rental planning, VA home loans, and legal safeguards. - Service members and families — One-on-one counseling would be tailored to each member and cover credit management, budgeting, anti-predatory lending, changes of permanent station and rental planning, VA home loans, and protections under the Servicemembers Civil Relief Act and section 987 of title 10. The Secretary of Defense would have one year to set up the program. - Veteran service groups and housing counselors — The Department of Defense would seek an agreement with a HUD-approved counseling agency organized as a 501(c)(19) veteran service organization to develop, administer, and certify HUD-Certified Housing Counselors for military-connected communities. - Department of Defense oversight and reporting — The Secretary could issue regulations and would report within two years after services begin on the number served, completion rates, and indicators of financial stress and housing instability along with mitigation metrics.

## Cosponsors (23)

- Rep. Harrigan, Pat [R-NC-10] (R-NC), 2026-03-24T00:00:00.000Z
- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2026-04-15T00:00:00.000Z
- Rep. Evans, Gabe [R-CO-8] (R-CO), 2026-04-21T00:00:00.000Z
- Rep. Magaziner, Seth [D-RI-2] (D-RI), 2026-05-12T00:00:00.000Z
- Rep. Begich, Nicholas J. [R-AK-At Large] (R-AK), 2026-05-12T00:00:00.000Z
- Rep. Davis, Donald G. [D-NC-1] (D-NC), 2026-05-12T00:00:00.000Z
- Rep. Neguse, Joe [D-CO-2] (D-CO), 2026-05-12T00:00:00.000Z
- Rep. Kim, Young [R-CA-40] (R-CA), 2026-05-20T00:00:00.000Z
- Rep. Beatty, Joyce [D-OH-3] (D-OH), 2026-05-20T00:00:00.000Z
- Rep. Edwards, Chuck [R-NC-11] (R-NC), 2026-05-20T00:00:00.000Z
- Rep. Loudermilk, Barry [R-GA-11] (R-GA), 2026-06-03T00:00:00.000Z
- Rep. Barragán, Nanette Diaz [D-CA-44] (D-CA), 2026-06-04T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2026-06-09T00:00:00.000Z
- Rep. Levin, Mike [D-CA-49] (D-CA), 2026-06-23T00:00:00.000Z
- Rep. Mills, Cory [R-FL-7] (R-FL), 2026-06-24T00:00:00.000Z
- Rep. Barr, Andy [R-KY-6] (R-KY), 2026-06-29T00:00:00.000Z
- Rep. Correa, J. Luis [D-CA-46] (D-CA), 2026-06-29T00:00:00.000Z
- Rep. Scholten, Hillary J. [D-MI-3] (D-MI), 2026-07-16T00:00:00.000Z
- Rep. LaLota, Nick [R-NY-1] (R-NY), 2026-07-16T00:00:00.000Z
- Rep. Bynum, Janelle S. [D-OR-5] (D-OR), 2026-07-16T00:00:00.000Z
- Rep. Craig, Angie [D-MN-2] (D-MN), 2026-07-16T00:00:00.000Z
- Rep. Van Orden, Derrick [R-WI-3] (R-WI), 2026-07-16T00:00:00.000Z
- Rep. Cisneros, Gilbert Ray [D-CA-31] (D-CA), 2026-09-15T00:00:00.000Z

## Provisions PRIA read

- One-on-one financial help for servicemembers: benefit, low. If enacted, the Defense Secretary would have to start a program within one year to give one-on-one financial and housing counseling to each member of the Armed Forces. Counseling would cover credit management, budgeting, anti‑predatory lending, permanent change of station and rental planning, VA ho…

## Related bills

- 119-hr-9250: Great American Outdoors Act 250
- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025
- 119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-2102: Major Richard Star Act
- 119-hr-1151: Freedom to Invest in Tomorrow’s Workforce Act

## Sources
- [119-hr-8056 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8056)

## Related
- [119-hr-9250: Great American Outdoors Act 250](https://policyrisk.com/legislation/119-hr-9250)
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act](https://policyrisk.com/legislation/119-hr-4382)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-1151: Freedom to Invest in Tomorrow’s Workforce Act](https://policyrisk.com/legislation/119-hr-1151)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8056 (as of 2026-09-21).