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Military Financial Literacy Accountability Act
To improve financial literacy training for members of the Armed Forces, and for other purposes.
Summary
The bill requires the Department of Defense to improve financial literacy training for military members and enhance the survey that measures financial literacy needs. The expanded survey will assess current financial literacy levels among junior enlisted members and officers, identify preferred methods of financial education delivery, and determine the specific financial topics of greatest interest. The bill also requires the Department to improve tracking systems to monitor completion of financial readiness training and identify reasons why some military members do not complete the training. The Department must establish performance measures to evaluate the effectiveness of its financial education efforts and submit an implementation plan to Congress.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
2 cosponsors
Actions (2)
- Dec 15, 2025 Referred to the House Committee on Armed Services. · house
- Dec 15, 2025 Introduced in House
Similar bills (6)
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Full text
IN THE HOUSE OF REPRESENTATIVES
December 15, 2025
Ms. Johnson of Texas (for herself and Mrs. Kiggans of Virginia) introduced the following bill; which was referred to the Committee on Armed Services
A BILL
To improve financial literacy training for members of the Armed Forces, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Military Financial Literacy Accountability Act”.
SEC. 2. IMPROVEMENTS TO FINANCIAL LITERACY TRAINING FOR MEMBERS OF THE ARMED FORCES.
(a) Modifications to Financial Literacy and Preparedness Survey.— Section 992(e) of title 10, United States Code, is amended—
(1) in paragraph (1)—
(A) by striking “The Director of the Defense Manpower Data Center” and inserting “The Secretary of Defense”; and
(B) by striking “armed forces.” and inserting the following: “armed forces that includes prompts intended to identify the following:
“(A) The current level of financial literacy among members of the Armed Forces who are enlisted members in a pay grade of E-7 or below or commissioned officers in a pay grade of O-4 or below.
“(B) The preferred methods of financial education delivery for members of the Armed Forces, including whether members prefer—
“(i) in-person instruction;
“(ii) online training modules;
“(iii) mobile applications;
“(iv) peer-to-peer learning programs;
“(v) financial counseling sessions; or
“(vi) any other delivery methods identified by such members.
“(C) The specific financial topics of greatest interest and need to the members, including whether members are interested in—
“(i) income management;
“(ii) debt management and credit repair;
“(iii) saving and investing strategies;
“(iv) home buying and mortgage financing;
“(v) transition financial planning;
“(vi) insurance needs and options;
“(vii) tuition assistance and education financing; or
“(viii) deployment and relocation financial planning.
“(D) Any barriers to participation in existing financial literacy training programs.
“(E) Recommendations from members of the Armed Forces for improving financial literacy training programs.”; and
(2) in paragraph (2)—
(A) by redesignating subparagraphs (A) and (B) as subparagraphs (B) and (C), respectively; and
(B) by inserting before subparagraph (B), as so redesignated, the following new subparagraph:
“(A) shall be compiled by the Director in such a way as to protect the privacy of the respondents to such survey;”.
(b) Additional Improvements.—The Secretary of Defense shall—
(1) ensure the Secretaries concerned modify the appropriate administrative systems to increase the accuracy of tracking completion of the financial readiness common military training by members of the Armed Forces;
(2) ensure the Secretaries concerned identify and address causes of non-completion of financial readiness common military training by members of the Armed Forces;
(3) establish a timeline for—
(A) determining which standardized performance measures, if any, are needed to measure the effectiveness of the financial education efforts of the Department of Defense; and
(B) the implementation of such performance measures; and
(4) submit to Congress an implementation timeline and strategy for carrying out the amendments made by subsection
(a). <all>
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