Congresswoman Beatty Celebrates Financial Literacy Month
Congresswoman Beatty Celebrates Financial Literacy Month
Beatty serves as co-chair of the Financial and Economic Literacy Caucus for the 115th Congress
Washington, D.C. – April is Financial Literacy Month, a month-long initiative to raise awareness on the importance of financial literacy and to provide tools and resources to help Americans of all ages develop and maintain healthy financial habits. As co-chair of the Financial and Economic Literacy Caucus, U.S. Congresswoman Joyce Beatty (OH-03) issued the following statement in recognition of Financial Literacy Month:
"During Financial Literacy Month, we are reminded of the importance of financial planning and education for all people. Whether it be buying and saving for a home, preparing for retirement, or any of life's important moments in between, it is imperative every American possesses the financial know-how to build a brighter economic future for themselves and their family, as well as the capability to achieve their American Dream."
Coinciding with Financial Literacy Month, Congresswoman Beatty and fellow Financial and Economic Literacy Caucus Co-Chair Congressman Steve Stivers (OH-15) introduced a resolution in the U.S. House of Representatives, H.Res. 243, to officially recognize April as Financial Literacy Month. Additionally this month, Beatty will be introducing the Free Credit Score Act, a bill that would provide consumers their credit scores for free as calculated by the three major credit reporting agencies (Experian, Equifax, and TransUnion).
Also of note, Beatty and Stivers teamed up earlier this year to introduce the Housing Financial Literacy Act of 2017, H.R. 851, legislation that would give first-time homebuyers who complete a Department of Housing and Urban Development (HUD)-certified housing counseling course a discount on their Federal Housing Administration (FHA) mortgage insurance premium of 25 basis points (or 0.25 percent). Modeled after similar housing counseling courses already being offered in Central Ohio, studies confirm that homebuyers who receive pre-purchase housing counseling are nearly one-third less likely to fall behind on their mortgage and thereby face a reduced risk of foreclosure.
Throughout the month of April, Congresswoman Beatty will be promoting Financial Literacy Month, so please be sure to visit the Congresswoman's Facebook and Twitter to see, hear and learn the latest. Also, do not forget to join the conversation online by using #FLM2017.