Capito, Colleagues Resolution Declaring April 2024 Financial Literacy Month Passes Senate

CHARLESTON, W.Va. - A resolution introduced last week by U.S. Senator Shelley Moore Capito (R-W.Va.) and a bipartisan group of her colleagues to declare April 2024 as Financial Literacy Month, recently passed the U.S. Senate. The resolution was led by U.S. Senators Tim Scott (R-S.C.) and Jack Reed (D-R.I.).

"Financial literacy can mean a lifetime of security," Senator Capito said. "Making sure that financial education resources are available, especially for our youth, can help individuals make informed decisions to best prepare for the future. I have long pushed for increased personal finance education in West Virginia, and will continue to advocate for this critical support in our state."

Senators Capito, Scott, and Reed were joined in introducing the resolution by: U.S. Senators Ron Wyden (D-Ore.), Dick Durbin (D-Ill.), Susan Collins (R-Maine), Mike Crapo (R-Idaho), Sheldon Whitehouse (D-R.I.), John Barrasso (R-Wyo.), Roger Wicker (R-Miss.), Jim Risch (R-Idaho), Joe Manchin (D-W.Va.), John Boozman (R-Ark.), Marco Rubio (R-Fla.), Angus King (I-Maine), Bill Cassidy, M.D. (R-La.), Steve Daines (R-Mont.), Mike Rounds (R-S.D.), Todd Young (R-Ind.), Maggie Hassan (D-N.H.), Catherine Cortez Masto (D-Nev.), Cindy Hyde-Smith (R-Miss.), Kevin Cramer (R-N.D.), Mitt Romney (R-Utah), Mike Braun (R-Ind.), Rick Scott (R-Fla.), and Ted Budd (R-N.C.).

Full text of the resolution is available here.

BACKGROUND:

Earlier this month, the West Virginia Board of Education approved an amendment to require West Virginia High School students to complete a full credit course in personal finance during their junior or senior year. This requirement was first mandated by the West Virginia State Legislature in 2023 as a half credit but was approved as a full credit that will start the upcoming 2024-2025 school year.

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