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HR 7183

Youth Financial Learning Act

119th Congress Introduced by Brendan Boyle and 11 co-sponsors

The bill creates a nationwide program to fund state-led, locally implemented financial literacy education in K-12 schools through SEA grants and LEA subgrants.

Introduced in House
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Bill Summary · HR 7183

Summary of HR 7183 — Youth Financial Learning Act (119th Congress)

Date introduced: January 21, 2026
Representative sponsors: Lynch (primary) and several co-sponsors including Case, Titus, Johnson, Norton, Clarke, Evans, Fields, Strickland, Nor ton, etc.
Committee: Education and Workforce

1) Purpose and intent

  • The bill aims to improve financial literacy among U.S. secondary school students by authorizing and distributing federal funds to state and local educational entities to integrate and expand financial literacy education in K-12 schools.

2) Key provisions and changes

A. Statewide incentive grants for financial literacy education

  • The bill establishes a grant program to State Educational Agencies (SEAs) funded from appropriations under subsection (f).
  • Eligible activities include integrating financial literacy education into public elementary and secondary schools through described activities.
  • Grant duration: up to 4 years.

B. Application and scope

  • SEAs must submit an application detailing:
    • How subgrants will be awarded to Local Educational Agencies (LEAs)
    • Plans for sustainability after grant funding ends
    • Consultation with teachers, principals, parents, and students
    • Efforts to ensure geographic diversity (urban, rural, suburban)

C. Use of State funds (allocation and subgrants)

  • SEA-funded uses may include:
    • Up to 10% for technical assistance, curriculum development, guidance, and evaluation of financial literacy impact (on students’ understanding of concepts)
  • Remaining funds must be used to award subgrants to LEAs within the state.
  • LEA subgrant prioritization criteria:
    • LEAs serving many elementary/secondary schools implementing relevant plans
    • Demonstrated need for funds (as determined by the SEA)
    • Strong commitment to using funds to assist the lowest-performing schools in improving financial literacy and student outcomes

D. Use of subgrant funds by LEAs

  • Subgrants must be used to:
    • Implement, expand, or sustain school-based financial literacy activities and curriculum in one or more schools, covering core topics such as consumer, economic, entrepreneurship, and personal finance concepts, including personal credit, student loans, and financial aid
    • Promote partnerships with community-based organizations for innovative, evidence-based financial literacy activities (including after-school programs)
    • Support professional development to embed financial literacy or entrepreneurship education within a well-rounded education

E. Matching funds

  • SEAs receiving grants must provide non-Federal matching funds equal to 25% of the grant amount.

F. Supplement, not supplant

  • Grant funds are intended to supplement existing Federal or State funds, not replace them.

G. Authorization and funding horizon

  • The bill authorizes funding for fiscal year 2026 and the following four fiscal years (i.e., a 5-year window).

3) Who is affected

  • State Educational Agencies (SEAs): Receive competitive grants to lead statewide efforts, subgrant funds to LEAs, provide coordination, and ensure geographic and need-based targeting.
  • Local Educational Agencies (LEAs): Receive subgrants to implement or expand financial literacy programs in specific schools and to partner with community organizations.
  • Schools (elementary and secondary): Direct beneficiaries through enhanced financial literacy curricula and activities.
  • Teachers, principals, parents, and students: Stakeholders engaged in the development process and benefiting from enhanced instruction and related activities.

4) Procedural and timeline aspects

  • Funding source: Grants awarded to SEAs from appropriations specified by the act (subsection (f)).
  • Grant period: Up to 4 years for SEA grants; subgrants to LEAs occur within that framework.
  • Application requirements: SEAs must detail subgrant distribution, sustainability plans, stakeholder consultation, and geographic diversity plans.
  • Matching requirement: 25% non-Federal match by SEAs.
  • Effective date: The bill is introduced in 2026 and would become law following passage and enactment; appropriations would need to be provided for fiscal years 2026–2029.

5) Observations on impact

  • The act structurally ties federal support to state-led implementation, emphasizing subgrants to LEAs and prioritizing high-need and higher-need districts, with a focus on well-rounded education and long-term sustainability.
  • It explicitly addresses key financial literacy topics (credit, loans, financial aid) and encourages community partnerships and professional development.
  • The 25% non-Federal matching requirement ensures state investment alongside federal funds, potentially enhancing program commitment and continuity.

Compiled from official sources — confirm details with the bill’s official record.

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