Bill · S.Res. 694· Senate(119-SRES-694)
A resolution designating April 2026 as "Financial Literacy Month".
- Introduced
- 4/28/2026
- Last activity
- 4/28/2026 — Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S2076-2077; text: CR S2084-2085)
- Sponsored by
- John Reed
- Cosponsors
- - 8 - 19
- Introduced
- Officially Recorded
- Adopted by the Senate
A Senate resolution is the Senate speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the Senate agrees to it, it is officially the Senate's word; it is not a law, so the House and the President have no part in it.
What this bill would do
This resolution designates April 2026 as "Financial Literacy Month." The goal is to raise public awareness regarding the importance of personal financial education. It also aims to highlight the serious consequences that can occur from a lack of understanding about personal finances. To achieve this, the resolution calls on the Federal Government, States, localities, schools, nonprofit organizations, businesses, and the people of the United States to observe the month with appropriate programs and activities.
Yes· 3 of 11
Would children be better off under this?+2
The bill highlights that financial education in high school can improve the financial knowledge and behavior of young adults.
Would people in their twenties and thirties be better off under this?+2
The resolution states that financial education is associated with fewer defaults and higher credit scores among young adults aged 18 to 21.
Would households on low incomes be better off under this?+2
The resolution aims to reach students who cannot get financial guidance at home and helps those who are unbanked or underbanked.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Awareness of Financial Education: The designation of April 2026 as "Financial Literacy Month" aims to raise awareness about the importance of personal financial education and the consequences of not understanding personal finances (Resolution, Section 1).
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Opportunities for Public Engagement: By calling on the Federal Government, States, localities, schools, nonprofit organizations, businesses, and the people of the United States, the resolution encourages the use of appropriate programs and activities to observe the month (Resolution, Section 2).
Potential Negative Impacts for People
- No negative impacts are mentioned in the 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 Children+2Good For Low Income Households+2Good For People With Disabilities+2Good For Students+2Good For Young Adults+2Good For Middle Class Households+1Good For Seniors+1
- Social Issues And Justice
- Improves Disability Rights+2Improves Poverty Reduction+2
- Economy And Finance
- Improves Economic Growth+2
- Education And Technology
- Improves College Affordability+1
- 4/28/2026
- Passed/agreed to in Senate: Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent.
- Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S2076-2077; text: CR S2084-2085)
- 28 Cosponsors added.
- Bill introduced.
John BoozmanRepublican · Arkansas
Jim BanksRepublican · Indiana
Lisa Blunt RochesterDemocrat · Delaware
Ted BuddRepublican · North Carolina
Katie BrittRepublican · Alabama
Maria CantwellDemocrat · Washington
Mike CrapoRepublican · Idaho
Susan CollinsRepublican · Maine
Shelley CapitoRepublican · West Virginia
Kevin CramerRepublican · North Dakota
Richard DurbinDemocrat · Illinois
Steve DainesRepublican · Montana
Kirsten GillibrandDemocrat · New York
Bill HagertyRepublican · Tennessee
Maggie HassanDemocrat · New Hampshire
Cindy Hyde-SmithRepublican · Mississippi
Mark KellyDemocrat · Arizona
Angus KingIndependent · Maine
Cynthia LummisRepublican · Wyoming
Bernie MorenoRepublican · Ohio
Gary PetersDemocrat · Michigan
James RischRepublican · Idaho
Mike RoundsRepublican · South Dakota
Pete RickettsRepublican · Nebraska
Tim ScottRepublican · South Carolina
Tommy TubervilleRepublican · Alabama
Roger WickerRepublican · Mississippi
Sheldon WhitehouseDemocrat · Rhode Island