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A RESOLUTION to promote the financial literacy of Kentuckians. 1
WHEREAS, financial education plays a vital role in the lives of Kentuckians and 2
promotes economic well-being throughout the Commonwealth; and 3
WHEREAS, financial institutions serve a fundamental role in the development of a 4
community by providing valuable access to credit and capital for the growth and 5
development of businesses and individuals; and 6
WHEREAS, the mission of the Kentucky Department of Financial Institutions is to 7
serve Kentuckians and protect their financial interests by maintaining a stable financial 8
industry, continuing effective and efficient regulatory oversight, promoting consumer 9
confidence, encouraging economic opportunities, and promoting sound financial 10
decisions through financial literacy and empowerment programs; and 11
WHEREAS, this honorable body unanimously voted in 2019 for House Bill 139, 12
which established the Kentucky Financial Empowerment Commission; and 13
WHEREAS, the General Assembly charged the commission with the duty of 14
developing and implementing a plan toward increasing financial empowerment for all 15
Kentuckians; and 16
WHEREAS, the commission has gathered and posted a variety of free and publicly 17
available financial education resources on its website; and 18
WHEREAS, these financial education resources can be utilized by all financial 19
services vendors and financial institutions in Kentucky when providing services to 20
customers; and 21
WHEREAS, increasing access to financial education resources will improve 22
financial literacy in Kentucky; 23
NOW, THEREFORE, 24
Be it resolved by the House of Representatives of the General Assembly of the 25
Commonwealth of Kentucky: 26
Section 1. The House of Representatives urges the Kentucky Department of 27 UNOFFICIAL COPY 25 RS BR 1855
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Financial Institutions and the Kentucky Financial Empowerment Commission to work 1
together to educate financial service vendors and financial institutions in Kentucky about 2
financial education resources that consumers can utilize to develop and promote their 3
financial literacy. 4
Section 2. The Clerk of the House of Representatives is directed to transmit a 5
copy of this Resolution to the Kentucky Department of Financial Institutions, the 6
Kentucky Financial Empowerment Commission, and Representative Daniel Grossberg. 7