On April 30, the House approved, 402-2, H. Res. 1079, a resolution supporting April as “Financial Literacy Month.” The House Committee on Financial Services held a hearing on financial literacy and education on April 15 (see The Source, 4/18/08).
Sponsored by Rep. Ruben Hinojosa (D-TX), the resolution contains a number of findings, including:
The resolution “recognizes the importance of managing personal finances, increasing personal savings, and reducing indebtedness in the United States; and requests that the president issue a proclamation calling on the federal government, states, localities, schools, nonprofit organizations, businesses, other entities, and the people of the United States to observe the month with appropriate programs and activities with the goal of increasing financial literacy rates for individuals of all ages and walks of life.” |