Military Financial Literacy Accountability Act

This bill changes a Defense Department survey on the financial literacy of service members. It moves responsibility for the survey from the Director of the Defense Manpower Data Center to the Secretary of Defense and requires the survey to ask about junior enlisted members' and officers' financial knowledge, preferred ways to learn, topics of interest, barriers to training, and ideas for improvement. Survey results must be compiled in a way that protects respondents' privacy. The bill also directs the Secretary of Defense to improve tracking of who completes financial readiness training, address reasons members do not complete it, set a timeline for deciding on performance measures, and send Congress an implementation timeline and strategy.

Full text and official record on Congress.gov

Sponsors

• Julie Johnson Democrat sponsor
• 2 cosponsors