Nevada 2025 Regular Session

Nevada Senate Bill SCR4 Compare Versions

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1	1
2	2
3	3	- 83rd Session (2025)
4	4	Senate Concurrent Resolution No. 4–Senators Ohrenschall,
5	5	Scheible; Cruz-Crawford, Daly, Doñate, Dondero Loop and
6	6	Taylor
7	7
8	8	Joint Sponsors: Assemblymembers Yeager, Nguyen; Anderson,
9	9	Backus, Brown-May, Carter, Cole, Considine, Dalia,
10	10	DeLong, Dickman, D’Silva, Edgeworth, Flanagan, Gallant,
11	11	González, Goulding, Gray, Gurr, Hafen, Hansen, Hardy,
12	12	Hibbetts, Hunt, Jackson, Jauregui, Karris, Kasama, Koenig,
13	13	La Rue Hatch, Marzola, Miller, Monroe-Moreno, Moore,
14	14	Mosca, Nadeem, O’Neill, Orentlicher, Roth, Torres-Fossett,
15	15	Watts and Yurek
16	16
17	17	FILE NUMBER..........
18	18	SENATE CONCURRENT RESOLUTION—Declaring April 2025
19	19	as Financial Literacy Month.
20	20	WHEREAS, The Legislature passed Senate Bill No. 314 (2019),
21	21	which helps make financial literacy in the classroom a reality for
22	22	Nevada’s school-age children and established the State Financial
23	23	Literacy Advisory Council; and
24	24	WHEREAS, The duties of the State Financial Literacy Advisory
25	25	Council include requirements for the Advisory Council to develop a
26	26	strategic plan for the development of educational resources in
27	27	financial literacy and identify learning activities targeted toward the
28	28	standards and criteria of a curriculum in financial literacy; and
29	29	WHEREAS, The Legislature passed Assembly Bill No. 274
30	30	(2023), which revised provisions relating to the instruction of
31	31	financial literacy in this State to help students navigate personal
32	32	finances; and
33	33	WHEREAS, A lack of financial literacy has real consequences for
34	34	individuals, including lower savings rates, poor credit and less
35	35	wealth overall; and
36	36	WHEREAS, The Organisation for Economic Co-operation and
37	37	Development conducted a survey in 2022 of individuals who are 15
38	38	years of age in the United States and found that 17 percent of
39	39	respondents did not learn or are unable to apply fundamental
40	40	financial skills that often occur in everyday situations, such as
41	41	building a simple budget, comparison shopping and understanding
42	42	an invoice; and
43	43	WHEREAS, According to an Organisation for Economic Co-
44	44	operation and Development study conducted in 2022, more than one
45	45	in six students in the United States did not reach the baseline level
46	46	of proficiency in financial literacy; and
47	47	– 2 –
48	48
49	49
50	50	- 83rd Session (2025)
51	51	WHEREAS, In 2018, an EVERFI survey of over 100,000
52	52	incoming college students found that 92 percent of students felt they
53	53	needed more education, information or support to be able to pay off
54	54	their college loans; and
55	55	WHEREAS, According to a survey conducted by Experian in
56	56	2019, 49 percent of Generation Z consumers surveyed said that they
57	57	found financial topics to be somewhat interesting or interesting, and
58	58	11 percent said they loved learning about such topics; and
59	59	WHEREAS, The International Review of Economics Education
60	60	published a paper in 2014 titled “The features and effectiveness of
61	61	the Keys to Financial Success curriculum,” which found that one-
62	62	semester financial literacy programs taught by trained teachers were
63	63	found to increase the financial knowledge of high school students by
64	64	61 percent and were most effective in improving knowledge in the
65	65	areas that the students were most deficient; and
66	66	WHEREAS, A study from Montana State University found that
67	67	high school financial education leads to better financial aid
68	68	decisions once students reach college, increases subsidized
69	69	borrowing at advantageous federal rates and decreases use of more
70	70	costly forms of borrowing, including credit cards and private loans;
71	71	and
72	72	WHEREAS, Financial literacy rates directly affect the financial
73	73	health of individuals, families, communities and the country; and
74	74	WHEREAS, Resolutions similar to this resolution have been
75	75	introduced and passed with strong bipartisan support to increase
76	76	awareness of the need for financial literacy for Nevada citizens;
77	77	now, therefore, be it
78	78	RESOLVED BY THE SENATE OF THE STATE OF NEVADA, THE
79	79	ASSEMBLY CONCURRING, That the Nevada Legislature hereby
80	80	recognizes and declares the month of April 2025 as Financial
81	81	Literacy Month, in order to raise public awareness about the need
82	82	for increased financial capability; and be it further
83	83	RESOLVED, That the Secretary of the Senate prepare and
84	84	transmit a copy of this resolution to the Governor of the State of
85	85	Nevada, the Majority Leader of the Senate, the Speaker of the
86	86	Assembly, the Minority Leader of the Senate, the Minority Leader
87	87	of the Assembly, the Superintendent of Public Instruction, the
88	88	Nevada Credit Union League and the Nevada Bankers Association;
89	89	and be it further
90	90	RESOLVED, That this resolution becomes effective upon
91	91	adoption.
92	92
93	93	20 ~~~~~ 25