IV 
118TH CONGRESS 
2D SESSION 
H. RES. 1154 
Supporting the goals and ideals of ‘‘Financial Literacy Month’’. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 17, 2024 
Mrs. BEATTY (for herself, Mrs. KIM of California, Mr. BARR, Mr. CARSON, 
Mr. CASTEN, Mr. CLEAVER, Mr. DONALDS, Mr. FITZPATRICK, Ms. GAR-
CIA of Texas, Mr. GOTTHEIMER, Mr. HILL, Mr. HORSFORD, Mr. LYNCH, 
Mr. MCGOVERN, Mr. MEEKS, Mr. NICKEL, Mr. DAVID SCOTT of Georgia, 
Mr. VALADAO, Mrs. WATSON COLEMAN, and Ms. WILLIAMS of Georgia) 
submitted the following resolution; which was referred to the Committee 
on Oversight and Accountability 
RESOLUTION 
Supporting the goals and ideals of ‘‘Financial Literacy 
Month’’. 
Whereas, according to the Federal Deposit Insurance Cor-
poration, at least 18.6 percent of households in the 
United States, or nearly 24,600,000 households, are 
unbanked or underbanked and therefore have not had an 
opportunity to access savings, lending, and other basic fi-
nancial services; 
Whereas the Report on the Economic Well-Being of U.S. 
Households in 2022 by the Board of Governors of the 
Federal Reserve found that 37 percent of adults could 
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not cover a $400 emergency expense without borrowing 
or selling something of value; 
Whereas the Consumer Financial Protection Bureau’s Mak-
ing Ends Meet in 2023 survey found that 37.8 percent 
of households had difficulty paying their bills in the pre-
vious year; 
Whereas the Financial Health Pulse 2023 U.S. Trends Re-
port published by the Financial Health Network found 
that 17 percent of Americans are financially vulnerable, 
with Black, Hispanic, and younger Americans dispropor-
tionately represented; 
Whereas, according to the Quarterly Report on Household on 
Credit Debt for the fourth quarter of 2023 released by 
the Federal Reserve Bank of New York’s Center for 
Microeconomic Data, outstanding household debt in the 
United States was $17,500,000,000,000; 
Whereas 49 percent of cardholders in the United States carry 
credit card debt from month to month, with emergency 
expenses as the leading cause of that debt, according to 
a November 2023 Bankrate survey; 
Whereas a survey conducted by the National Endowment for 
Financial Education found that 83 percent of adults in 
the United States with outstanding student loan debt will 
need to make significant budgetary changes in order to 
make their payments; 
Whereas, according to the 2024 Survey of the States: Eco-
nomic and Personal Finance Education in Our Nation’s 
Schools, a biennial report by the Council for Economic 
Education— 
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(1) only 28 States require students to take an eco-
nomics course as a high school graduation requirement; 
and 
(2) only 35 States require students to take a per-
sonal finance course as a high school graduation require-
ment; 
Whereas a survey conducted by the Finra Investor Education 
Foundation found that a combined math and financial 
knowledge is tied to better financial outcomes; 
Whereas expanding access to the safe, mainstream financial 
system will provide individuals with less expensive and 
more secure options for managing finances and building 
wealth; 
Whereas quality personal financial education is essential to 
ensure that individuals are prepared— 
(1) to manage money, credit, and debt; and 
(2) to become responsible workers, heads of house-
hold, investors, entrepreneurs, business leaders, and citi-
zens; 
Whereas increased financial literacy empowers individuals to 
make wise financial decisions and reduces the confusion 
caused by an increasingly complex economy; 
Whereas a greater understanding of, and familiarity with, fi-
nancial markets and institutions will lead to increased 
economic activity and growth; and 
Whereas, in 2003, Congress— 
(1) determined that coordinating Federal financial 
literacy efforts and formulating a national strategy is im-
portant; and 
(2) in light of that determination, passed the Finan-
cial Literacy and Education Improvement Act (20 U.S.C. 
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9701 et seq.), establishing the Financial Literacy and 
Education Commission: Now, therefore, be it 
Resolved, That the House of Representatives— 
(1) supports the goals and ideals of ‘‘Financial 
Literacy Month’’ to raise public awareness about— 
(A) the importance of personal financial 
education in the United States; and 
(B) the serious consequences that may re-
sult from a lack of understanding about per-
sonal finances; and 
(2) calls on the Federal Government, States, lo-
calities, schools, nonprofit organizations, businesses, 
and the people of the United States to observe ‘‘Fi-
nancial Literacy Month’’ with appropriate programs 
and activities. 
Æ 
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