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This bill establishes a guaranteed income program for former foster youth ages 18–27 who exited foster care after age 16. States that participate would provide eligible youth with up to $12,000 annually for up to 5 years, along with voluntary financial literacy education, with automatic enrollment upon emancipation from foster care. The bill requires states to consult with community organizations in developing enrollment plans and mandates reporting to Congress on program outcomes and participant demographics.
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