H.R. 531 would establish a grant program to enhance the financial and retirement literacy of mid-life and older Americans and to reduce financial abuse and fraud among such Americans.
Detailed Summary
Retirement Security Education Act of 2007 - Authorizes the Secretary of Health and Human Services to award grants to eligible entities to provide financial education programs to mid-life and older individuals who reside in local communities in order to: (1) enhance their financial and retirement knowledge; and (2) reduce financial abuse and fraud, including telemarketing, mortgage, and pension fraud, among them.
Authorizes the Secretary to award a grant to one or more eligible entities to: (1) create and make available instructional materials and information that promote financial education; and (2) provide training and other related assistance regarding the establishment of financial education programs.
Expresses the sense of Congress that organizations with demonstrated experience in providing financial education to older women should receive high priority for assistance under this Act.
Status of the Legislation
Latest Major Action: 5/18/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Healthy Families and Communities.
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