Protection of Young Consumers Act of 2006

Summary

Protection of Young Consumers Act of 2006 - Amends the Fair Credit Reporting Act to prohibit consumer reporting agencies from furnishing reports in connection with firm offers of credit or insurance that are not initiated by consumers under age 21. Allows consumers who are at least 18, but not yet 21, to elect, in writing, to have their names and addresses included in any list of names provided by such agencies in connection with such transactions. Youth Financial Education Act - Amends the Elementary and Secondary Education Act of 1965 to establish a new title IV part D Promoting Youth Financial Literacy. Authorizes the Secretary of Education to award grants to state educational agencies to implement financial education programs for elementary and secondary school students. Makes a state's allocation proportionate to its share of such students. Directs the Secretary to: (1) make a competitive five year grant to, or contract with, a national nonprofit organization to establish a national clearinghouse for instructional materials and information on model financial education programs and best practices; and (2) develop and use performance measures to evaluate the financial education programs and clearinghouse established pursuant to this Act.

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Timeline

1. 26 April 2006

   Introduced

   Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

   Source: IntroReferral

2. 26 April 2006

   Introduced

   Sponsor introductory remarks on measure. (CR S3592-3593)

   Source: IntroReferral

3. 26 April 2006

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 26 April 2006 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 26 April 2006

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 26 April 2006

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 26 April 2006

  Open at official source

Sponsors

• Sen. Menendez, Robert [D-NJ] · D · Sponsor
• · sshr00 · Standing

Related records

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