Sponsors (29)
The measure expands required financial education and promotes inclusion, likely improving financial knowledge and access for many Americans but imposing implementation costs on schools and falling short of solving structural barriers that keep some households unbanked.
High-school students will gain broader access to required financial education courses, improving financial knowledge and decision-making.
Unbanked and underbanked households gain expanded access to mainstream financial systems, offering lower-cost, more secure ways to manage money.
People with disabilities are recognized as benefiting from targeted financial education, helping address gaps in planning and managing financial products.
Low-income and unbanked households may remain excluded because financial education alone does not remove structural barriers to banking and access to financial products.
State education agencies and schools will face administrative and curriculum costs to implement or expand required financial-education programs.
Based on analysis of 1 section of legislative text.
Records findings from multiple reports that financial education gaps persist and promotes increased financial education and access to mainstream financial services.
Introduced April 28, 2026 by John F. Reed · Last progress April 28, 2026
States findings that multiple national surveys and reports document gaps in financial knowledge and access, and that strengthening financial education and access to mainstream financial services can boost inclusion, security, and economic growth. It highlights evidence showing benefits of financial education for students and people with disabilities and notes that 30 States require high-school financial education as of 2026. The text is a formal set of findings drawing on recent research (including FDIC, Federal Reserve Bank of New York, NEFE, FINRA/National Disability Institute, and employer surveys) to underscore the importance of broader financial capability efforts; it does not create new funding or regulatory requirements.