IV 
110TH CONGRESS 
2D SESSION 
H. RES. 996 
Expressing support for the second annual America Saves Week 2008 from 
February 24, 2008 through March 2, 2008. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 25, 2008 
Mrs. JONES of Ohio (for herself, Mr. TIBERI, Mr. BECERRA, Mr. BISHOP of 
Georgia, Ms. CORRINE BROWN of Florida, Ms. CLARKE, Mr. DAVIS of 
Illinois, Mr. ENGLISH of Pennsylvania, Mr. HINOJOSA, Mr. SAM JOHN-
SON of Texas, Mr. MCNULTY, Ms. MOORE of Wisconsin, Mr. PAYNE, Mr. 
RANGEL, Ms. SUTTON, Mrs. BIGGERT, Mr. BLUMENAUER, Mrs. 
CHRISTENSEN, Mr. CLAY, Mr. EMANUEL, Mr. HASTINGS of Florida, Ms. 
EDDIE BERNICE JOHNSON of Texas, Mr. MCCOTTER, Mr. MEEK of Flor-
ida, Ms. NORTON, Mr. POMEROY, Ms. SCHAKOWSKY, Mr. THOMPSON of 
Mississippi, Ms. WATSON, Mr. JEFFERSON, and Mr. COOPER) submitted 
the following resolution; which was referred to the Committee on Finan-
cial Services 
RESOLUTION 
Expressing support for the second annual America Saves 
Week 2008 from February 24, 2008 through March 2, 2008. 
Whereas America Saves is a 7-year-old social marketing cam-
paign in which over 1,000 local, State, and national orga-
nizations have motivated more than 100,000 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; 
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•HRES 996 IH 
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 the America Savings Education Council (‘‘ASEC’’), 
a national coalition of public and private-sector institu-
tions founded in 1995, is committed to making saving 
and retirement planning a priority for all Americans; 
Whereas the ASEC actively promotes the savings message 
through its national award winning Choose-to-Save Cam-
paign; 
Whereas, launched in 2001 with one city, Cleveland, Ohio, 
America Saves has now 53 local, State and national cam-
paigns, including Philadelphia Saves, Utah Saves, San 
Diego Saves, New York State Saves, Texas Saves, Kan-
sas City Saves, Milwaukee Saves, Miami Saves, Ten-
nessee 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 individ-
uals to take action such as opening a savings account for 
emergencies, participating in work place retirement pro-
grams, or setting a goal such as homeownership and es-
tablishing a savings account dedicated for that purpose; 
Whereas America Saves has over 500 financial institutions, 
both banks and credit unions, providing no-fee 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, 
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alone, over 10,000 of them have saved or reduced debt 
by an estimated $8,300,000, which is on average 
$600,000 per month; 
Whereas the lack of national savings is particularly egregious 
as numerous homeowners face mortgage foreclosures in 
the wake of the ‘‘subprime crisis’’ because most Ameri-
cans do not have 1 month of savings or liquid assets, let 
alone the recommended 6 months of savings or liquid as-
sets if they experience financial troubles; 
Whereas this second America Saves Week, February 24, 
2008 to March 2, 2008, 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 making saving automatic and habitual 
is a primary focus for this second America Saves Week: 
Now, therefore, be it 
Resolved, That the House of Representatives— 
(1) recognizes the importance of increasing the 
savings rate and reducing consumer indebtedness in 
the United States through effective social marketing 
campaigns; 
(2) supports the goals and ideals of America 
Saves Week; and 
(3) encourages the President to issue a procla-
mation calling upon the people of the United States 
to participate in America Saves Week with appro-
priate activities. 
Æ 
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