KnowGovRepresentation. Influence. Action.
BillHR 8056 · 119

Military Financial Literacy Act of 2026

Introduced
Mar 24, 2026
Cosponsors
13
Traction
0
Last Action
Mar 24, 2026

Bill Summary

Requires the Department of Defense to provide financial literacy training to military personnel. Establishes programs to help service members manage their finances effectively.

Sponsored By

Kristen McDonald Rivet
Democrat · Michigan · House

Bill Journey

  1. Mar 24, 2026
  3. Mar 24, 2026You Are Here

    The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.

  4. TBD

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  5. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

This bill affects active-duty military personnel and their families, providing them with resources to improve their financial management skills. It also impacts veterans by potentially reducing financial stress and improving their overall financial well-being.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
8backers
  • Democratic4
  • Republican4
Cross-party cosponsors4 · 57%

Documents

1

Full text opens on congress.gov, the official source.

Cosponsors (13)

Show all 3 more

6 more not shown here — see the full list on congress.gov.

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicMilitary & Foreign
CommitteeCommittee on Armed Services
IntroducedMar 24, 2026
Last UpdatedMar 24, 2026
Latest ActionReferred to the House Committee on Armed Services.
Subjects
  • Military

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.