S. 2628 — TANF Financial Education Promotion Act of 2002

Summary

TANF Financial Education Promotion Act of 2002 - Amends part A (Temporary Assistance for Needy Families) (TANF) of title IV of the Social Security Act to require a State to specify in its State plan how it intends to establish goals and take action to promote financial education among parents and caretakers receiving assistance under TANF through collaboration with community-based organizations, financial institutions and the Cooperative State Research, Education, and Extension Service of the Department of Agriculture.

Defines "financial education" as education that promotes an understanding of consumer, economic, and personal finance concepts, including the basic principles involved with earning, budgeting, spending, saving, investing, and taxation.

Defines "financial education" as a work activity for TANF purposes.

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Legislative Actions

2002-06-17
Introduced in Senate
2002-06-17
Sponsor introductory remarks on measure. (CR S5633-5634)
2002-06-17
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5634)

TANF Financial Education Promotion Act of 2002

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Summary

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