Bill Text: OR HCR2 | 2011 | Regular Session | Introduced

Oregon House Concurrent Resolution 2 (Prior Session Legislation)

Introduced

Bill Title: Designating April 2011 as Financial Literacy Month in Oregon.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Failed) 2011-06-30 - In committee upon adjournment. [HCR2 Detail]

Download: Oregon-2011-HCR2-Introduced.html



     76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session

NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .

 LC 2629

                  House Concurrent Resolution 2

Sponsored by Representative GELSER; Representatives BREWER, READ
  (at the request of Bryan Sims) (Presession filed.)

                             SUMMARY

The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.

  Designates April 2011 as Financial Literacy Month in Oregon.

                      CONCURRENT RESOLUTION
  Whereas a person who is financially literate is able to
understand finance and make informed judgments and effective
decisions about money; and
  Whereas financial literacy encourages greater economic
self-sufficiency, higher levels of homeownership and enhanced
retirement security, particularly among low- and moderate-income
Oregonians; and
  Whereas the personal financial education of all residents,
especially youth and other vulnerable populations, will improve
the quality of their lives, provide them with skills for success
and contribute to positive changes for the communities in which
they live and work; and
  Whereas personal financial education is essential to ensure
that Oregon's youth are prepared to manage money, credit and
debt, and to become responsible workers, heads of households,
investors, entrepreneurs, business leaders and residents; and
  Whereas financial education has been linked to lower
delinquency rates for mortgage borrowers, higher participation
and contribution rates in retirement plans, improved spending and
saving habits, higher net worth and positive knowledge, attitude
and behavioral changes; and
  Whereas the financial services industry in the United States
benefits millions of people in the United States, providing
products and services that allow individuals and families to
build homes, buy cars, finance educations, start businesses and
meet everyday needs; and
  Whereas the past decade has seen declining personal savings
rates, increased bankruptcy filings and rising percentages of
family income devoted to servicing household debt; and
  Whereas public and private partnerships that promote financial
education seek to improve the personal financial literacy of
Oregonians by promoting educational initiatives throughout this
state; and
  Whereas the Legislative Assembly recognizes the damaging
effects of failing to properly prepare Oregonians to deal with
the financial obstacles of modern life, including poor retirement

planning, mounting personal debt and a lower standard of living
for many Oregon families; now, therefore,
Be It Resolved by the Legislative Assembly of the State of
  Oregon:
  That we, the members of the Seventy-sixth Legislative Assembly,
designate April 2011 as Financial Literacy Month in Oregon.
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