Us Congress 2023-2024 Regular Session

Us Congress House Bill HR392

Introduced
5/11/23  

Caption

Encouraging greater public-private sector collaboration to promote financial literacy for students and young adults.

Impact

The resolution serves to reaffirm the significance of financial education initiatives, particularly in high schools, where only a fraction of states mandates personal finance courses for graduation. By emphasizing financial literacy, the bill seeks to improve the readiness of young individuals to engage in financial decision-making as they transition into adulthood. Its adoption could potentially pave the way for increased educational programs focused on personal finance across various educational institutions, impacting state education policies and curricula.

Summary

HR392 is a resolution encouraging greater collaboration between public and private sectors to promote financial literacy among students and young adults. It emphasizes the need for improved financial education as many young people are not adequately prepared to handle significant financial decisions. The resolution highlights that personal finance skills are essential for managing various aspects of life, including budgeting, student loans, wealth accumulation, and credit card management.

Contention

While HR392 aims to strengthen financial literacy, there may be differing opinions on the approaches to achieve this goal. Some proponents may argue that collaboration with private entities could lead to better resources and training, whereas critics may raise concerns about the quality and motives of private sectors in educational contexts. The effectiveness of such collaborations could be debated, along with the potential inadequacies in the current educational system that the bill seeks to address.

Companion Bills

No companion bills found.

Previously Filed As

US HB2821

Young Americans Financial Literacy Act

US HR291

Supporting the goals and ideals of "Financial Literacy Month".

US SR185

A resolution designating April 2023 as "Financial Literacy Month".

US HB486

Young Americans Financial Literacy Act

US HB4118

Department of Defense Student Financial Literacy Act

US HR380

Encouraging the United States Holocaust Memorial Museum to continue its critical work, in person and online, in educating the public about the dangers of antisemitism and the origins of the Holocaust.

US HR1154

Supporting the goals and ideals of "Financial Literacy Month".

US HB2835

Multilingual Financial Literacy Act

US SB183

Students Helping Young Students Act of 2023

US HR978

Encouraging all schools in the United States to teach students digital literacy and history related to the Holocaust, World War II, and antisemitism.

Similar Bills

No similar bills found.