PRIA Logo™
HR6717119th CongressWALLET

Military Financial Literacy Accountability Act

Sponsored By: Representative Johnson, Julie [D-TX-32]

Introduced

Summary

Strengthens financial literacy and accountability for junior service members. This bill would expand the military's financial literacy survey and require the Defense Department to improve training tracking and deliver an implementation plan to Congress.

Show full summary
  • Service members: The survey would measure current financial literacy for enlisted members in pay grade E-7 and below and officers in pay grade O-4 and below and ask how members prefer to learn, including in-person classes, online modules, mobile apps, peer programs, or counseling. It would also ask which topics members want most, such as income management, debt and credit repair, saving and investing, home buying, transition planning, insurance, tuition financing, or deployment planning.
  • Department of Defense administrators: The Secretary of Defense would need to update administrative systems to track completion of the financial readiness training more accurately, identify and address causes of non-completion, and set a timeline to decide and implement any standardized performance measures.
  • Oversight and planning: The Secretary must submit an implementation timeline and strategy to Congress explaining how the changes will be carried out.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More financial training for service members

This bill would move oversight of the Defense Department’s Financial Literacy and Preparedness Survey to the Secretary of Defense. It would ask enlisted members in pay grade E-7 or below and officers in O-4 or below about their money skills. The survey would ask how members prefer learning (in person, online modules, phone apps, peer programs, counseling, and more). It would ask what money topics members want, like budgeting, debt, saving and investing, home buying, transition planning, insurance, tuition help, and deployment or relocation planning. The survey must protect respondents’ privacy. The Departments would also update systems to better track completion of required financial readiness training, find causes of non‑completion, set a timeline for performance measures, and send Congress a plan to implement these changes.

Sponsors & CoSponsors

Sponsor

Johnson, Julie [D-TX-32]

TX • D

Cosponsors

  • Rep. Kiggans, Jennifer A. [R-VA-2]

    VA • R

    Sponsored 12/15/2025

  • Rep. Scott, Austin [R-GA-8]

    GA • R

    Sponsored 3/3/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation