OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Financial Literacy Month 2016

Floor Speech

Date: April 29, 2016
Location: Washington, DC
Issues: Finance and Banking

BREAK IN TRANSCRIPT

Mrs. BEATTY. Mr. Speaker, I rise today in recognition of financial literacy month, which is observed in April of every year to emphasize the critical role consumer education plays in helping our constituents realize the American Dream.

Each year, too many Americans face difficulties purchasing automobiles, buying homes, paying for college, and even finding gainful employment due to poor credit history.

In fact, according to a 2014 American Bankers Association poll, 60 percent of Americans do not even know their own credit score.

As a member of the bipartisan Financial and Economic Literacy Caucus, I am proud to work tirelessly with my colleagues to improve consumer financial education.

That is why I introduced the Free Credit Score Act of 2016, H.R. 5058 to require the inclusion of a credit score in a consumer's free annual credit report.

During this Financial Literacy Month, I ask my colleagues to join me in the effort to improve consumer education by co-sponsoring this piece of legislation.

BREAK IN TRANSCRIPT


Source
arrow_upward