,,iii  #aafth ,,congress  #ast ,session 
,s4 ,,res4 #afh  ,,in ,,the ,,senate    
,,of ,,the ,,united ,,states  ,april    
#aa1 #bjai ,mr4 ,reed 7for himself1 ,mr4
 ,scott of ,south ,carolina1 ,mr4       
,jones1 ,mr4 ,barrasso1 ,mr4 ,booker1   
,mr4 ,boozman1 ,mr4 ,braun1 ,ms4        
,cantwell1 ,mrs4 ,capito1 ,mr4 ,cardin1 
,mr4 ,carper1 ,mr4 ,cassidy1 ,mr4       
,coons1 ,mr4 ,cramer1 ,mr4 ,crapo1 ,mr4 
,durbin1 ,mr4 ,enzi1 ,ms4 ,ernst1 ,mrs4 
,feinstein1 ,ms4 ,hassan1 ,mrs4         
,hyde-,smith1 ,mr4 ,manchin1 ,mr4       
,menendez1 ,mrs4 ,murray1 ,mr4 ,peters1 
,mr4 ,roberts1 ,ms4 ,rosen1 ,mr4        
,tester1 ,mr4 ,tillis1 ,mr4 ,whitehouse1
 ,mr4 ,wicker1 ,mr4 ,young1 and ,mr4    
,perdue7 submitted the following        
resolution2 which was considered and    
agreed to  ,,resolution  ,designating   
,april #bjai as ,financial ,literacy    
,month4  ,whereas1 according to the     
report entitled ,economic ,well-,being  
of ,u4,s4 ,households by the ,board of  
,governors of the ,federal ,reserve     

,system1 #dj percent of adults in the   
,united ,states cannot cover an         
unexpected expense of #djj2 ,whereas1   
according to the report entitled #bjag  
,national ,survey of ,unbanked and      
,underbanked ,households by the ,federal
 ,deposit ,insurance ,corporation1      
approximately #be percent of households 
in the ,united ,states are unbanked or  
underbanked and therefore have limited  
or no access to savings1 lending1 and   
other basic financial services2         
,whereas1 according to the #bjah        
,consumer ,financial ,literacy ,survey  
final report of the ,national           
,foundation for ,credit ,counseling--   
7#a7 a majority 7#fa percent7 of adults 
in the ,united ,states had credit card  
debt during the #a-year period ending on
 the date of publication of the report2 
7#b7 nearly #b_/e 7#ch percent7 of      
adults in the ,united ,states carry     
credit card debt from month to month2   
and  7#c7 approximately #da percent of  
adults in the ,united ,states maintain a

 budget2  ,whereas1 according to the    
statistical release of the ,board of    
,governors of the ,federal ,reserve     
,system for the fourth quarter of #bjah 
entitled ,household ,debt and ,credit-- 
7#a7 outstanding household debt in the  
,united ,states was #hfi1jjj1jjj1jjj    
higher than the previous peak of        
#ab1fhj1jjj1jjj1jjj in the third quarter
 of #bjjh2 and  7#b7 outstanding student
 loan balances have more than doubled in
 the last decade to approximately       
#a1ejj1jjj1jjj1jjj2  ,whereas1 according
 to the #bjah report entitled ,survey of
 the ,states3 ,economic and ,personal   
,finance ,education in ,our ,nation's   
,schools1 the most recent biennial      
report of that name by the ,council for 
,economic ,education-- 7#a7 only #bb    
,states require students to take an     
economics course as a high school       
graduation requirement2 and  7#b7 only  
#ag ,states require students to take a  
personal finance course as a high school
 graduation requirement1 either         

independently or as part of an economics
 course2  ,whereas1 according to the    
,gallup-,,hope ,index1 only #eg percent 
of students in the ,united ,states have 
money in a bank or credit union account2
 ,whereas expanding access to the safe1 
mainstream financial system will provide
 individuals with less expensive and    
more secure options for managing        
finances and building wealth2 ,whereas  
quality personal financial education is 
essential to ensure that individuals are
 prepared-- 7#a7 to manage money1       
credit1 and debt2 and  7#b7 to become   
responsible workers1 heads of household1
 investors1 entrepreneurs1 business     
leaders1 and citizens2  ,whereas        
increased financial literacy-- 7#a7     
empowers individuals to make wise       
financial decisions2 and  7#b7 reduces  
the confusion caused by an increasingly 
complex economy2 ,whereas a greater     
understanding of1 and familiarity with1 
financial markets and institutions will 
lead to increased economic activity and 

growth2 and ,whereas1 in #bjjc1         
,congress-- 7#a7 determined that        
coordinating ,federal financial literacy
 efforts and formulating a national     
strategy is important2 and  7#b7 in     
light of that determination1 passed the 
,financial ,literacy and ,education     
,improvement ,act 7#bj ,u4,s4,c4 #igja  
et seq471 establishing the ,financial   
,literacy and ,education ,commission3   
,now1 therefore1 be it  ,that the       
,senate-- 7#a7 designates ,april #bjai  
as ,financial ,literacy ,month to raise 
public awareness about--  7,a7 the      
importance of personal financial        
education in the ,united ,states2 and   
7,b7 the serious consequences that may  
result from a lack of understanding     
about personal finances2 and  7#b7 calls
 on the ,federal ,government1 ,states1  
localities1 schools1 nonprofit          
organizations1 businesses1 and the      
people of the ,united ,states to observe
 ,financial ,literacy ,month with       
appropriate programs and activities4