Us Congress 2025-2026 Regular Session

Us Congress House Bill HR292 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	IV
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. RES. 292
5	5	Supporting the goals and ideals of ‘‘Financial Literacy Month’’.
6	6	IN THE HOUSE OF REPRESENTATIVES
7	7	APRIL3, 2025
8	8	Mrs. B
9	9	EATTY(for herself, Mrs. KIM, Mr. BACON, Mr. CARSON, Mr. CASE, Mr.
10	10	C
11	11	LEAVER, Mr. FITZPATRICK, Mr. FLOOD, Ms. GARCIAof Texas, Mr.
12	12	J
13	13	OHNSONof Georgia, Mr. MEUSER, Ms. SALAZAR, Mr. DAVIDSCOTTof
14	14	Georgia, Ms. S
15	15	EWELL, Ms. STANSBURY, Mr. THANEDAR, Mr. VALADAO,
16	16	Ms. W
17	17	ILLIAMSof Georgia, and Mr. MOOREof North Carolina) submitted
18	18	the following resolution; which was referred to the Committee on Over-
19	19	sight and Government Reform
20	20	RESOLUTION
21	21	Supporting the goals and ideals of ‘‘Financial Literacy
22	22	Month’’.
23	23	Whereas, according to the Federal Deposit Insurance Cor-
24	24	poration (referred hereinafter as the ‘‘FDIC’’), at least
25	25	14.2 percent of households in the United States, or near-
26	26	ly 19,000,000 households, are unbanked or underbanked
27	27	and therefore have not had an opportunity to access sav-
28	28	ings, lending, and other basic financial services;
29	29	Whereas, according to the 2024 Consumer Financial Literacy
30	30	and Preparedness Survey final report of the National
31	31	Foundation for Credit Counseling—
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34	34	•HRES 292 IH
35	35	(1) only 42 percent of adults in the United States
36	36	have a budget;
37	37	(2) 80 percent of adults in the United States ac-
38	38	knowledged that they could benefit from additional advice
39	39	and answers to everyday financial questions from a pro-
40	40	fessional; and
41	41	(3) 1 in 3 adults in the United States admitted they
42	42	do not pay all their bills on time;
43	43	Whereas the Report on the Economic Well-Being of U.S.
44	44	Households in 2021 by the Board of Governors of the
45	45	Federal Reserve found that 32 percent of adults could
46	46	not cover a $400 emergency expense without borrowing
47	47	or selling something of value;
48	48	Whereas, according to the Quarterly Report on Household
49	49	Debt and Credit for the fourth quarter of 2024 released
50	50	by the Federal Reserve Bank of New York’s Center for
51	51	Microeconomic Data, outstanding household debt in the
52	52	United States was $18,040,000,000,000;
53	53	Whereas, according to the 2024 Survey of the States: Eco-
54	54	nomic and Personal Finance Education in Our Nation’s
55	55	Schools, a biennial report by the Council for Economic
56	56	Education—
57	57	(1) only 28 States require students to take an eco-
58	58	nomics course as a high school graduation requirement;
59	59	and
60	60	(2) only 35 States require students to take a per-
61	61	sonal finance course as a high school graduation require-
62	62	ment, either independently or as part of an economics
63	63	course;
64	64	Whereas, according to the Fidelity Investments 2023 Teens
65	65	and Money Study surveying young people ages 13 to 17,
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68	68	•HRES 292 IH
69	69	only 49 percent of students in the United States have
70	70	opened a bank account;
71	71	Whereas expanding access to the safe, mainstream financial
72	72	system will provide individuals with less expensive and
73	73	more secure options for managing finances and building
74	74	wealth;
75	75	Whereas quality personal financial education is essential to
76	76	ensure that individuals are prepared—
77	77	(1) to manage money, credit, and debt; and
78	78	(2) to become responsible workers, heads of house-
79	79	hold, investors, entrepreneurs, business leaders, and citi-
80	80	zens;
81	81	Whereas increased financial literacy empowers individuals to
82	82	make wise financial decisions and reduces the confusion
83	83	caused by an increasingly complex economy;
84	84	Whereas a greater understanding of, and familiarity with, fi-
85	85	nancial markets and institutions will lead to increased
86	86	economic activity and growth; and
87	87	Whereas, in 2003, Congress—
88	88	(1) determined that coordinating Federal financial
89	89	literacy efforts and formulating a national strategy is im-
90	90	portant; and
91	91	(2) in light of that determination, passed the Finan-
92	92	cial Literacy and Education Improvement Act (20 U.S.C.
93	93	9701 et seq.), establishing the Financial Literacy and
94	94	Education Commission: Now, therefore, be it
95	95	Resolved, That the House of Representatives— 1
96	96	(1) supports the goals and ideals of ‘‘Financial 2
97	97	Literacy Month’’ to raise public awareness about— 3
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100	100	•HRES 292 IH
101	101	(A) the importance of personal financial 1
102	102	education in the United States; and 2
103	103	(B) the serious consequences that may re-3
104	104	sult from a lack of understanding about per-4
105	105	sonal finances; and 5
106	106	(2) calls on the Federal Government, States, lo-6
107	107	calities, schools, nonprofit organizations, businesses, 7
108	108	and the people of the United States to observe ‘‘Fi-8
109	109	nancial Literacy Month’’ with appropriate programs 9
110	110	and activities. 10
111	111	Æ
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