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NJ S483
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Owen Henry
Click for details
AI Summary
- Establishes a grant program administered by the Commissioner of Banking and Insurance to fund nonprofit organizations that provide financial literacy education
- Appropriates $100,000 from the General Fund, with individual grants capped at $5,000 per organization
- Eligible nonprofits must be 501(c)(3) certified organizations focused on consumer financial counseling, debt management, or financial literacy programs
- Required course topics include budgeting, credit establishment, automobile and mortgage loans, personal taxes, and introduction to investing in securities and stocks
- Takes effect on the first day of the seventh month after enactment and expires one year after all appropriated funds are spent
Legislative Description
Provides grants to nonprofit organizations that provide financial literacy classes; appropriates $100,000.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/13/2026
Committee Referrals
Commerce1/13/2026
Full Bill Text
No bill text available