3.0.0 1801 2023-01-11T13:27:42Z 2023-01-11T13:27:42Z House HR 2015-04-15 114 [Congressional Record Volume 161, Number 54 (Wednesday, April 15, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. KELLY of Illinois:H.R. 1801.Congress has the power to enact this legislation pursuantto the following:USC Art. I, Sec. 8, Cl. 1 (``The Congress shall have PowerTo Lay and collect Taxes, Duties, Imposts and Excises, to paythe Debts and provide for the Common Defence and generalWelfare of the United States[.]'') (This bill would provide atax credit to entities that implement financial literacyprogramming for students--empowering said students, and inturn, improving the nation's ``general Welfare.'').[Page H2269]]]> hswm00 Ways and Means Committee House Standing Referred to 2015-04-15T14:03:00Z 2015-04-15 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2015-04-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-04-15 Introduced in House IntroReferral 1000 9 Library of Congress K000385 Rep. Kelly, Robin L. [D-IL-2] Robin Kelly D IL L. 2 N H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2015-04-23 False B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2015-04-23 False C001090 Rep. Cartwright, Matt [D-PA-17] Matt Cartwright D PA 17 2015-04-30 False C001038 Rep. Crowley, Joseph [D-NY-14] JOSEPH CROWLEY D NY 14 2015-05-21 False L000581 Rep. Lawrence, Brenda L. [D-MI-14] Brenda Lawrence D MI L. 14 2015-06-02 False R000588 Rep. Richmond, Cedric L. [D-LA-2] Cedric Richmond D LA L. 2 2015-06-02 False K000382 Rep. Kuster, Ann M. [D-NH-2] Ann Kuster D NH M. 2 2015-06-03 False R000053 Rep. Rangel, Charles B. [D-NY-13] CHARLES RANGEL D NY B. 13 2015-06-24 False L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2015-06-24 False H001034 Rep. Honda, Michael M. [D-CA-17] MICHAEL HONDA D CA M. 17 2015-06-24 False K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2015-07-09 False D000624 Rep. Dingell, Debbie [D-MI-12] Debbie Dingell D MI 12 2015-07-15 False M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2015-07-29 False S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2015-09-11 False Taxation Elementary and secondary education Financial literacy Income tax credits Minority and disadvantaged businesses Rural conditions and development Small business Urban and suburban affairs and development Veterans' education, employment, rehabilitation Women in business Taxation 00 2015-04-15 Introduced in House 2015-06-16T19:46:43Z 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.

]]> Promoting Financial Literacy and Economic Opportunity Act of 2015 Display Title Promoting Financial Literacy and Economic Opportunity Act of 2015 Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow a tax credit for providing programs to kindergarten, elementary, and secondary students that promote economic and financial literacy. Introduced in House IH Short Titles as Introduced Promoting Financial Literacy and Economic Opportunity Act of 2015 Introduced in House 2015-04-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr1801ih/xml/BILLS-114hr1801ih.xml 2015-04-15 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.