Expressing support for the designation of October 2025 as National Financial Planning Month.
Summary
House Resolution 908 expresses support for designating October 2025 as "National Financial Planning Month." The resolution aims to raise awareness about the importance of financial planning and its benefits for individuals, families, and communities. It encourages various programs and activities to improve financial literacy across all age groups.
Expected Effects
If passed, this resolution would encourage national recognition of financial planning. This could lead to increased public awareness and participation in financial planning activities. Ultimately, it could improve the financial well-being of Americans.
Potential Benefits
- Increased awareness of financial planning resources.
- Encouragement of financial literacy programs in schools and communities.
- Promotion of pro bono financial planning services for underserved populations.
- Potential for improved financial stability for individuals and families.
- Support for financial planners and related organizations.
Potential Disadvantages
- The resolution itself has no binding legal effect; it's primarily symbolic.
- Success depends on voluntary participation and resource allocation by various organizations and individuals.
- There is no guarantee that financial literacy will improve significantly.
- Potential for misuse of the month by predatory financial services.
- Limited direct impact on systemic economic issues.
Constitutional Alignment
This resolution aligns with the general welfare clause of the Constitution's preamble, which aims to "promote the general Welfare." While the Constitution does not explicitly address financial planning, supporting financial literacy can be seen as contributing to the economic stability and well-being of citizens. The resolution does not infringe upon any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).