IV 

110TH CONGRESS 

1ST SESSION H. RES. 204 

Expressing support for the first annual America Saves Week. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 28, 2007 

Mrs. JONES of Ohio submitted the following resolution; which was referred to 

the Committee on Financial Services 

RESOLUTION 

Expressing support for the first annual America Saves Week. 

Whereas America Saves is a 6-year old social marketing campaign in which over 1,000 local, state, and national organizations have motivated more than 65,000 people to enroll as ‘‘American Savers’’ by making a commitment to 

save for a goal of their choice and to develop a plan to 

achieve this goal; 

Whereas, with the national savings rate consistently hovering 

around 0 for the past 6 years, America Saves is the call 

to action that we must not spend all, but save some, of 

our incomes; 

Whereas, launched in 2001 with one city, Cleveland, Ohio, 

America Saves has now 53 local, state and national campaigns, including Philadelphia Saves, Utah Saves, San 

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•HRES 204 IH 

sas City Saves, Milwaukee Saves, Miami Saves, Tennessee Saves, Silicon Valley—South Bay Saves, Military 

Saves, Youth Saves, Black America Saves, Hispanic 

Saves, and America Saves through Homeownership; 

Whereas local activities are being organized in many cities 

and localities around the country that encourage individuals to take action such as opening a savings account for 

emergencies, participating in work place retirement programs, or setting a goal such as homeownership and establishing a savings account dedicated for that purpose; 

Whereas America Saves has over 500 financial institutions, 

both banks and credit unions, providing no- or low-fee, 

low-opening-balance savings accounts that allow small 

savers to achieve success; 

Whereas, as an example, America Saves has to date enrolled 

8,700 American Savers in the area of Cleveland, Ohio, 

alone, who have saved or reduced debt by an estimated 

$6,000,000; 

Whereas America Saves has been congratulated by Federal 

Reserve Board Chairman Ben Bernanke upon reaching 

50,000 Savers; 

Whereas this first America Saves Week, February 25–March 

4, 2007, is being introduced as an annual event to focus 

all of us on the need and opportunities for financial action; and 

Whereas the issue of establishing emergency savings is a primary focus for this introductory America Saves Week: 

Now, therefore, be it 

1 Resolved, That the House of Representatives— 


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•HRES 204 IH 

1 (1) recognizes the importance of increasing the 

2 savings rate and reducing consumer indebtedness in 

3 the United States through effective social marketing 

4 campaigns; 

5 (2) supports the goals and ideals of America 

6 Saves Week; and 

7 (3) encourages the President to issue a procla8 mation calling upon the people of the United States 

9 to participate in America Saves Week with appro10 priate activities. 

Æ 


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