H.R. 5965 would encourage small businesses to provide continuing financial education to their employees by providing a credit against income tax to cover a portion of the costs of providing that education and by giving such businesses and corporations providing such financial education preferential status when applying for Federal contracts, loans, and other assistance.

== Detailed Summary ==

<summary>
(Log in to editEmployers Financial Literacy Act - Amends the wiki and be the firstInternal Revenue Code to provideallow small business taxpayers a detailed summarytax credit for up to 35% of the bill!)costs of providing continuing financial education to their employees. Grants a preference to such small businesses in the awarding of federal contracts or assistance.
</summary>

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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 5/5/2008: Referred to House committee. Status: Referred to edit the wikiCommittee on Ways and beMeans, and in addition to the firstCommittee on Small Business, for a period to updatebe subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the statusjurisdiction of the bill!)committee concerned.
</status>

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== Points in Favor ==

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== Points Against ==

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