Congresswoman Eddie Bernice Johnson Introduces National Financial Literacy Act of 2013

Washington, DC – (Friday, April 12, 2013) –   Today, Congresswoman Johnson 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.

Congresswoman Johnson noted, “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.”

April is designated as Financial Literacy Month.

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 U.S. Representative Eddie Bernice Johnson is the highest-ranking Texan on the House Committee on Transportation & Infrastructure and a senior member of the Science Committee. She represents the 30th Congressional District of Texas, which includes Downtown Dallas, Fair Park, Kessler Park, Old East Dallas, Pleasant Grove, South Dallas & South Oak Cliff; all of Cedar Hill, DeSoto, Duncanville, Hutchins, Lancaster & Wilmer and parts of Ferris, Glenn Heights, South Grand Prairie, Oak Lawn, Ovilla, Uptown/Victory Park and West Dallas.