H.R. 1801 · 114th Congress
Promoting Financial Literacy and Economic Opportunity Act of 2015
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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KellySponsor14 cosponsors · 14 D
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Beatty
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Crowley
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Lawrence
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Richmond
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Kuster
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Sewell0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Promoting Financial Literacy and Economic Opportunity Act of 2015
What it does: CRS summary · Introduced in House · Apr 15, 2015
Promoting Financial Literacy and Economic Opportunity Act of 2015
This bill amends the Internal Revenue Code to allow up to 20 for-profit organizations in any taxable year a business-related tax credit for 50% of the amount paid or incurred to carry out activities to improve the quality of student understanding of personal finance and economics. The Department of the Treasury shall determine which for-profit organizations are eligible for the credit, ensuring that a majority of credit recipients are: (1) either a socially and economically disadvantaged small business concern, a small business concern owned and controlled by women, or a small business concern that is at least 51% owned by veterans, or (2) do not have more than $60 billion in assets. In determining the eligibility of a for-profit organization, Treasury shall give priority to organizations that have programs serving either urban or rural underserved areas.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Promoting Financial Literacy and Economic Opportunity Act of 2015
Latest action (Apr 15, 2015): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Apr 15, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.