Bill · H.Res. 292· House(119-HRES-292)
Supporting the goals and ideals of "Financial Literacy Month".
- Introduced
- 4/3/2025
- Last activity
- 4/3/2025 — Referred to the House Committee on Oversight and Government Reform.
- Sponsored by
- Joyce Beatty
- Cosponsors
- - 11 - 10
- Introduced
- In Committee
A House resolution is the House speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the House agrees to it, it is officially the House's word; it is not a law, so the Senate and the President have no part in it.
What this bill would do
This resolution expresses support for the goals and ideals of "Financial Literacy Month." It aims to raise public awareness regarding the importance of personal financial education and the potential consequences of not understanding personal finances. The resolution calls upon various entities, including the Federal Government, schools, and businesses, to observe this month with specific programs and activities. It highlights various statistics regarding unbanked households, household debt, and the lack of required personal finance courses in schools. Ultimately, the measure seeks to promote economic activity and growth through better financial understanding.
Yes· 3 of 16
Would people in their twenties and thirties be better off under this?+3
The text highlights the importance of financial literacy for young people entering the workforce and banking system.
Would households on low incomes be better off under this?+3
Increasing access to the mainstream financial system can benefit unbanked and underbanked populations.
Would students be better off under this?+3
The resolution promotes the inclusion of personal finance and economics in school curricula.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Awareness of Financial Education: By supporting "Financial Literacy Month," the resolution aims to highlight how essential quality education is for managing money, credit, and debt. (Resolution, Section 1A)
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Empowerment through Decision Making: The text notes that increased financial literacy can empower individuals to make wise financial decisions and reduce confusion in a complex economy. (Whereas clauses)
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Economic Growth and Activity: Gaining a better understanding of financial markets and institutions is expected to lead to increased economic activity and growth. (Whereas clauses)
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Improved Financial Management Options: Expanding access to the safe, mainstream financial system is intended to provide individuals with more secure and less expensive ways to manage finances and build wealth. (Whereas clauses)
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+3Good For Students+3Good For Young Adults+3Good For Business Owners+2Good For Middle Class Households+2Good For Billionaires+1Good For Children+1Good For High Income Households+1Good For High Net Worth Individuals+1Good For Middle Aged+1Good For Retirees+1Good For Seniors+1Good For Ultra High Net Worth Individuals+1
- Economy And Finance
- Improves Economic Growth+3Improves Consumer Protection+2
- Social Issues And Justice
- Improves Poverty Reduction+2
- 4/7/2025
- 3 Cosponsors added.
- 4/3/2025
- Submitted in House
- Referred to the House Committee on Oversight and Government Reform.
- 18 Cosponsors added.
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
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