Congresswoman Johnson has introduced the National Financial Literacy Act of 2013. The bill would require that federal financial supervisory agencies establish minimum standards for community-based financial literacy programs in order to be eligible for consideration as a qualified community-based financial literacy program. The bill would also allow a tax credit to small businesses for 35% of the expenses paid or incurred for providing qualified continuing financial education to their employees.
“Financial literacy is essential to preserving the economic well being of individuals and families. I am introducing this legislation in order promote increased understanding and awareness of the consequences of financial decision making. By increasing financial literacy, we contribute to economic stability in the U.S. and provide the needed tools for the middle class to thrive.” - Congresswoman Eddie Bernice Johnson
