Palmetto State News

WASHINGTON — U.S. Senator Tim Scott (R-S.C.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, introduced a resolution to declare April 2024 as Financial Literacy Month. 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,” said Senator Scott. “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.”

Senator Scott led the resolution with fellow Financial Literacy Caucus Co-chair and Banking Committee member Jack Reed (D-R.I.).

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.

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