Bill
Bill > A4039
NJ A4039
NJ A4039Provides grants to nonprofit organizations that provide financial literacy classes; appropriates $100,000.
summary
Introduced
02/12/2026
02/12/2026
In Committee
02/12/2026
02/12/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill requires the Commissioner of Banking and Insurance to establish a program to provide grants to nonprofit organizations that provide financial literacy classes. Many citizens have limited knowledge in the concepts of personal budgeting, investing, and managing debt. This lack of knowledge can hinder their abilities to secure credit for major purchases and save for retirement. The bill addresses the lack of opportunities for education in personal finance by creating a grant program for financial nonprofits to develop and provide personal finance courses, with the goal of broadening the reach of financial education. Individual grants under the program are capped at $5,000. The bill appropriates $100,000 from the General Fund.
AI Summary
This bill establishes a grant program managed by the Commissioner of Banking and Insurance to support nonprofit organizations that offer financial literacy classes, aiming to improve citizens' understanding of personal finance topics like budgeting, debt management, and investing, which are crucial for economic participation and stability. The bill defines "financial education courses" broadly to include various learning formats and "financial nonprofit organizations" as certified entities focused on consumer financial counseling or literacy programs. It appropriates $100,000 from the General Fund to provide grants, with individual grants capped at $5,000, to help these organizations develop and deliver personal finance courses to high school, college, and adult education communities, with the program set to expire one year after all appropriated funds are spent.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly Community Development and Women's Affairs Committee (on 02/12/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/A4039 |
| BillText | https://pub.njleg.gov/Bills/2026/A4500/4039_I1.HTM |
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