Sponsors (29)
The resolution increases financial education and promotes greater inclusion in mainstream financial services—potentially improving knowledge and access for students, low-income households, and people with disabilities—but imposes implementation costs on schools and risks leaving structural barriers unaddressed so some consumers remain excluded.
Low-income and unbanked households gain expanded access to mainstream, lower-cost and more secure financial services, making day-to-day money management cheaper and safer.
High-school students receive increased access to required financial education coursework, improving financial knowledge and future decision-making about budgeting, credit, and saving.
Employees (especially younger workers) at employers that adopt financial wellness benefits may see improved financial literacy and greater job satisfaction and productivity.
Financial education alone will not remove structural barriers (e.g., ID requirements, banking deserts, distrust, eligibility rules), so many unbanked or excluded consumers could remain without access to mainstream accounts.
State and local schools may face added administrative, curriculum-development, and compliance costs to implement or expand mandated financial education programs.
Based on analysis of 1 section of legislative text.
Records findings that financial education and expanded access to mainstream financial services improve inclusion, security, and growth, and notes state high-school requirements.
Declares congressional findings about gaps in Americans' financial capability and highlights research showing benefits of financial education and access to mainstream financial services. Notes that many states require high-school financial education and that better financial literacy and inclusion—especially for students and people with disabilities—promote economic security and growth. Summarizes recent surveys and reports (FDIC, Federal Reserve Bank of New York, NEFE, FINRA/National Disability Institute, EBRI employer survey) to support those findings and recalls a prior congressional action from 2003.
Official title: Designating April 2026 as "Financial Literacy Month".
Introduced April 28, 2026 by John F. Reed · Last progress April 28, 2026