Summary of HRES 292 - Supporting Financial Literacy Month

Bill Overview

• Bill Number: HRES 292
• Title: Supporting the goals and ideals of "Financial Literacy Month"
• Status: Submitted in House
• Introduced On: April 3, 2025
• Classification: Resolution

Purpose and Intent

HRES 292 aims to support the objectives of Financial Literacy Month, which is observed in April each year. The resolution emphasizes the importance of personal financial education in the United States and highlights the serious consequences that can arise from a lack of understanding of personal finances.

Key Provisions

The resolution includes two main provisions:

1. Support for Financial Literacy Month:

   • The House of Representatives expresses its support for the goals and ideals of Financial Literacy Month.
   • It aims to raise public awareness about:
     • The significance of personal financial education.
     • The potential negative outcomes of inadequate financial knowledge.

2. Call to Action:

   • The resolution encourages various stakeholders, including:
     • The Federal Government
     • State and local governments
     • Educational institutions
     • Nonprofit organizations
     • Businesses
     • The general public
   • These entities are urged to observe Financial Literacy Month through appropriate programs and activities that promote financial education.

Who Would Be Affected?

The resolution targets a broad audience, including:
- Individuals and families who may benefit from improved financial literacy.
- Educational institutions that can implement financial education programs.
- Nonprofit organizations and businesses that may engage in outreach and educational activities.
- Government entities at all levels that can support initiatives promoting financial literacy.

Legislative Actions

• April 3, 2025: The resolution was submitted in the House and referred to the House Committee on Oversight and Government Reform for further consideration.

Sponsors

HRES 292 has a diverse group of sponsors, indicating bipartisan support for the initiative. Key sponsors include:
- Primary Sponsor: Joyce Beatty
- Cosponsors:
- Ann Wagner
- Nikema Williams
- Sylvia R. Garcia
- Ed Case
- Maria Elvira Salazar
- Seth Magaziner
- Tim Moore
- Young Kim
- Henry C. "Hank" Johnson
- Mike Flood
- John H. Rutherford
- Emanuel Cleaver
- Brian K. Fitzpatrick
- Shri Thanedar
- David G. Valadao
- Don Bacon
- Daniel Meuser
- Melanie A. Stansbury
- David Scott
- André Carson
- Terri A. Sewell

Related Legislation

HRES 292 has a companion bill in the Senate, SRES 193, which aligns with its objectives and further supports the promotion of financial literacy.

This resolution serves as a formal recognition of the importance of financial literacy and encourages collective action to enhance financial education across the United States.