Julie Johnson (D-TX)
Military Financial Literacy Accountability Act
A Democratic bill with 2 Republican cosponsors · See all 2 cosponsors
Last activity — Referred to the House Committee on Armed Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The Military Financial Literacy Accountability Act aims to improve financial literacy training for members of the Armed Forces. The bill modifies the financial literacy and preparedness survey to include specific prompts regarding current literacy levels, preferred education methods, and specific financial topics of interest. It also seeks to identify barriers to participation and collect member recommendations. Additionally, the Secretary of Defense is tasked with improving the tracking of training completion and addressing reasons why members do not complete it. The bill also requires the establishment of performance measures to evaluate the effectiveness of financial education efforts.
Yes· 3 of 4
- Scored +5
Does this protect people from being watched or searched?
The bill mandates that survey data be compiled in a way that protects the privacy of the respondents.
- Scored +3
Would households on low incomes be better off under this?
The focus on debt management and saving strategies can assist service members in managing their personal finances more effectively.
- Scored +3
Would veterans be better off under this, taking everything together?
The bill's emphasis on transition financial planning assists service members in preparing for life after the military.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Improved Survey Data: The bill updates the survey to identify the current level of financial literacy specifically among enlisted members (E-7 or below) and certain commissioned officers (O-4 or below) (Section 2(a)(1)(A)).
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Tailored Education Delivery: By asking members about their preferred methods—such as in-person instruction, online modules, or mobile apps—the training can be delivered in ways that work best for them (Section 2(a)(1)(B)).
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Targeted Financial Topics: The bill seeks to identify specific needs like debt management, saving strategies, home buying, and deployment planning to ensure training covers what members actually need (Section 2(a)(1)(C)).
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Privacy Protections: The bill mandates that survey data be compiled in a way that protects the privacy of the respondents (Section 2(a)(2)(A)).
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Increased Accountability: The Secretary of Defense must ensure that administrative systems accurately track training completion and address the causes of why members are not completing their training (Section 2(b)(1) and (2)).
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would households on low incomes be better off under this? — The focus on debt management and saving strategies can assist service members in managing their personal finances more effectively. Would veterans be better off under this, taking everything together? — The bill's emphasis on transition financial planning assists service members in preparing for life after the military.
- Governance And Ideology
- Does this protect people from being watched or searched? — The bill mandates that survey data be compiled in a way that protects the privacy of the respondents.
- National Security And Foreign Policy
- Does this increase the pay, pensions or support veterans receive? — The bill improves financial readiness and transition planning which supports long-term stability for service members and future veterans.
- 3/3/2026
- 1 Cosponsor added.
- 12/15/2025
- Referred to the House Committee on Armed Services.
- 1 Cosponsor added.
- Introduced in House
Jennifer KiggansRepublican · Virginia
Austin ScottRepublican · Georgia