Bill · H.Res. 1238· House(119-HRES-1238)
Encouraging greater public-private sector collaboration to promote financial literacy for students and young adults.
- Introduced
- 4/30/2026
- Last activity
- 4/30/2026 — Referred to the House Committee on Financial Services.
- Sponsored by
- Bill Foster
- Cosponsors
- - 4 - 0
- Introduced
- In Committee
A House resolution is the House speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the House agrees to it, it is officially the House's word; it is not a law, so the Senate and the President have no part in it.
What this bill would do
This resolution aims to encourage collaboration between the public and private sectors to promote financial literacy among students and young adults. It highlights the necessity of personal financial management skills for making informed decisions regarding debt, savings, and budgeting. The resolution emphasizes the importance of increasing awareness through workshops and decision-making tools for consumers of all ages. It also reaffirms efforts to create career opportunities for talented minorities and women through federal agency partnerships. Finally, it urges the Department of the Treasury to conduct future national financial capability studies.
Yes· 3 of 18
Would people in their twenties and thirties be better off under this?+5
The resolution specifically targets the promotion of financial literacy for students and young adults.
Would students be better off under this?+5
The resolution promotes financial literacy specifically aimed at students through workshops and educational tools.
Would women be better off under this?+4
The resolution reaffirms the directive to create industry internships and full-time positions for talented women.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Financial Awareness: The resolution emphasizes raising awareness of individual financial capability by providing relevant information, workshops, and decision-making tools to consumers of all ages. (Resolution Section 1)
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Career Opportunities for Minorities and Women: The resolution reaffirms the purpose of section 342 of the Dodd-Frank Act, which directs federal financial agencies to partner with organizations to help place talented young minorities and women into industry internships, summer employment, and full-time positions. (Resolution Section 2)
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Improved Consumer Decision-Making: The resolution supports the Bureau of Consumer Finance Protection's efforts to provide consumers with relevant information and tools regarding important financial decisions. (Resolution Section 3)
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Enhanced Financial Research: By urging the Department of the Treasury to consult with the Financial Industry Regulatory Authority and implement future national financial capability studies, the resolution seeks to deepen the exploration of relevant topics such as student loans and medical debt. (Resolution Section 4)
Potential Negative Impacts for People
- No negative impacts are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Students+5Good For Young Adults+5Good For Women+4Good For African Americans+3Good For Children+2Good For Low Income Households+2Good For Middle Class Households+2Good For Seniors+2Good For Hispanic Americans+1
- Economy And Finance
- Improves Consumer Protection+4Increases Job Creation+3Improves Economic Growth+2
- Social Issues And Justice
- Improves Gender Equality+3Improves Racial Equity+3Improves Poverty Reduction+2
- Education And Technology
- Improves College Affordability+2Increases Scientific Research Funding+2
- Governance And Ideology
- Improves Government Transparency+2
- 5/7/2026
- 1 Cosponsor added.
- 4/30/2026
- Submitted in House
- Referred to the House Committee on Financial Services.
- 3 Cosponsors added.
Joyce BeattyDemocrat · Ohio
Janelle BynumDemocrat · Oregon
Ritchie TorresDemocrat · New York
Nydia VelázquezDemocrat · New York