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TX HB4655
Bill
Status
6/20/2025
Primary Sponsor
Lacey Hull
Click for details
AI Summary
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Expands financial literacy education for foster youth to include instruction on credit reporting agency differences, risks of payday/unsecured/title loans, predatory lending practices with interest rate explanations, and identifying financial scams
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Adds new training requirements on motor vehicle financing, including types of auto loans available and risks of subprime and buy-here-pay-here financing for youth 17 and older
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Enhances banking skills instruction to cover opening and using bank accounts and creating balanced budgets, in addition to existing checkbook balancing requirements
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Requires transition plans for youth 16 and older to include review of common rental contracts (in addition to rental applications) and information about securing governmental assistance programs including Social Security, SNAP, WIC, TANF, veteran benefits, and housing assistance
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Takes effect September 1, 2025; passed House 143-5 and Senate 31-0
Legislative Description
Relating to the Preparation for Adult Living Program and other services for foster children transitioning to independent living.
Financial
Last Action
Effective on 9/1/25
6/20/2025