HRES292-119

What This Bill Does

This is a non-binding House resolution that expresses support for Financial Literacy Month. It calls on federal agencies, state and local governments, schools, nonprofits, businesses, and the American public to observe the month with educational programs and activities. The resolution highlights the importance of personal financial education and warns about the consequences of financial illiteracy.

Who Benefits and How

Financial literacy nonprofits and educational organizations may benefit from increased public attention and visibility, as congressional recognition could boost donations and participation in their programs. Banks and financial services companies that offer financial literacy programs may gain positive public relations value and brand positioning from this symbolic endorsement, though the resolution provides no direct funding or requirements.

Who Bears the Burden and How

No one faces new costs, restrictions, or mandates from this resolution. As a non-binding expression of congressional sentiment, it creates no legal obligations, appropriations, or regulatory requirements. There is no taxpayer spending associated with this resolution.

Key Provisions

• Expresses support for Financial Literacy Month as a vehicle for raising public awareness about personal finance
• Highlights the importance of financial education in the United States
• Notes the serious consequences that can result from lack of financial understanding
• Encourages federal, state, and local governments to participate in Financial Literacy Month activities
• Calls on schools, nonprofits, businesses, and the general public to observe the month with appropriate educational programs