To promote youth financial education.

H.R. 5046, the Youth Financial Education Act, would provide federal funding to states and local school districts to establish personal financial literacy programs for students in kindergarten through 12th grade. The bill aims to equip young people with essential life skills by supporting classroom instruction on topics like budgeting and saving, while also providing professional development for teachers and administrators to lead these programs. Additionally, the legislation would create a national clearinghouse to collect and share high-quality instructional materials and best practices for financial education across the country.