Bill Summary & Status for the 107th Congress

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S.2982
Title: A bill to 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, and for other purposes.
Sponsor: Sen Corzine, Jon [NJ] (introduced 9/19/2002)      Cosponsors: 3
Latest Major Action: 9/19/2002 Referred to Senate committee. Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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TITLE(S):  (italics indicate a title for a portion of a bill)
STATUS: (color indicates Senate actions)
9/19/2002:
Introductory remarks on measure. (CR S8932-8933)
9/19/2002:
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S8933)
COMMITTEE(S):
RELATED BILL DETAILS:

***NONE***

AMENDMENT(S):

***NONE***

COSPONSORS(3), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

Sen Akaka, Daniel K. - 9/19/2002 [HI] Sen Fitzgerald, Peter - 9/19/2002 [IL]
Sen Sarbanes, Paul S. - 9/19/2002 [MD]

SUMMARY AS OF:
9/19/2002--Introduced.

Education for Retirement Security Act of 2002 - 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 financial and retirement knowledge among them; 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.