Scott, Reed Lead Resolution Declaring April 2024 Financial Literacy Month

April 16, 2024

Scott, Reed Lead Resolution Declaring April 2024 Financial Literacy Month

Washington, D.C. - Ranking Member Tim Scott (R-S.C.) and fellow member of the Senate Banking Committee, Senator Jack Reed (D-R.I.), are leading a resolution to declare April 2024 as Financial Literacy Month. The senators are co-chairs of the Financial Literacy Caucus.

Recognized by the U.S. Senate since 2004, Financial Literacy Month is a national celebration of financial empowerment that raises awareness on the importance of financial education and providing resources to help Americans of all ages develop and maintain healthy financial habits.

"Financial literacy is the cornerstone to achieving financial independence and opening the pathway to the American Dream. Throughout my time in Congress, and as the top Republican on the Senate Banking Committee, I've made it my mission to champion programs and resources that make financial education more accessible. This resolution furthers that work by helping to bring awareness to this important topic,"said Ranking Member Scott.

"From managing a household budget to making major purchases, paying for college, starting a business, and laying the foundation for a secure retirement, financial literacy is a lifelong endeavor. Unfortunately, too many Americans lack basic financial literacy to make informed decisions, and this has impacts on their children, local communities, and generations to come. Raising awareness about the resources available to improve financial literacy is the first step on the path to a financially secure future. I'm pleased our Senate colleagues are coming together on a bipartisan basis to recognize and celebrate the twentieth annual Financial Literacy Month," said Senator Reed.

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), Shelley Moore Capito (R-W.Va.), 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.) co-sponsored the resolution.

For full text of the resolution, click here.

BACKGROUND:

As the top Republican on the Senate Banking Committee, Ranking Member Scott has prioritized financial literacy and financial education to ensure all Americans have the tools to climb the ladder of success.

Ranking Member Scott's comprehensive housing proposal, the ROAD to Housing Act, increases access to high quality housing counseling and financial literacy programs for families looking to buy a home or struggling to stay in one. In addition, the Ranking Member's capital markets framework, the Empowering Main Street in America Act, will enhance financial education programs to increase market understanding and participation, which will ultimately help more Americans achieve financial security.

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