HR8056-119

In Committee

Military Financial Literacy Act of 2026

119th Congress Introduced Mar 24, 2026

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, Military Financial Literacy Act of 2026, changes federal law or congressional policy affecting defense agencies, service members, and defense contractors. The main policy domain is Defense, Veterans Affairs, Finance.

Who Benefits and How

defense agencies, service members, and defense contractors may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, defense agencies, service members, and defense contractors may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H0B81760EB59346B4A4D7FD14C87C734D: 1. Short title This Act may be cited as the Military Financial Literacy Act of 2026.
  • Section HCEF42AE7BB67477196B621204CC35F0F: 2. Expansion of personalized financial and housing counseling for members of the Armed Forces Section 992 of title 10, United States Code, is amended— in...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, Military Financial Literacy Act of 2026, changes federal law or congressional policy affecting defense agencies, service members, and defense contractors.

Key Policy Areas

Defense, Veterans Affairs, Finance

Primary Purpose

This bill, Military Financial Literacy Act of 2026, changes federal law or congressional policy affecting defense agencies, service members, and defense contractors.

Policy Domains

Defense Veterans Affairs Finance

Whole bill

Identified Gains
  • defense agencies, service members, and defense contractors
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
defense agencies, service members, and defense contractors:
Identified Costs
  • federal implementing agencies
  • defense agencies, service members, and defense contractors
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies:
defense agencies, service members, and defense contractors:

Legislative Progress

In Committee
Introduced Committee Passed
Mar 24, 2026

Referred to the House Committee on Armed Services.

Mar 24, 2026

Introduced in House

Mar 24, 2026

Ms. McDonald Rivet (for herself and Mr. Harrigan) introduced the …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Defense Veterans Affairs Finance
Actor Mappings
"secretary_of_defense"
→ Secretary of Defense

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology