H.B. No. 4655 amends the Family Code to enhance the Preparation for Adult Living Program for foster children transitioning to independent living. The bill introduces new requirements for experiential life-skills training, which must now include a comprehensive financial literacy education program developed in collaboration with relevant state agencies. This program will cover various topics such as understanding credit scores, avoiding predatory lending practices, and managing personal finances, including budgeting and saving. Additionally, for youth aged 17 and older, the training will include lessons on financing a motor vehicle and obtaining necessary insurance.

The bill also mandates that the transition plan for youth aged 16 and older includes provisions for managing housing needs after leaving foster care. This includes identifying housing costs in relation to income, addressing potential conflicts in shared living situations, and providing information about emergency shelters and housing resources. Furthermore, the plan must ensure that youth are informed about securing or transferring governmental assistance they may qualify for, such as social security benefits and housing assistance. The act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Family Code 264.121 (Family Code 264)
House Committee Report: Family Code 264.121 (Family Code 264)
Engrossed: Family Code 264.121 (Family Code 264)
Senate Committee Report: Family Code 264.121 (Family Code 264)
Enrolled: Family Code 264.121 (Family Code 264)