2008 -- S 3056

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LC03000

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2008

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J O I N T R E S O L U T I O N

RESPECTFULLY REQUESTING THE RHODE ISLAND DEPARTMENT OF EDUCATION

TO CREATE A TASK FORCE ON YOUTH FINANCIAL LITERACY IN ORDER TO

DEVELOP A STATEWIDE STRATEGY, ACTION PLAN, AND MARKETING PLAN FOR

INCREASING MIDDLE AND HIGH SCHOOL STUDENTS' KNOWLEDGE OF PERSONAL

FINANCIAL LITERACY

     

     

     Introduced By: Senators Issa, Bates, and Jabour

     Date Introduced: May 29, 2008

     Referred To: Senate Constitutional & Regulatory Issues

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     WHEREAS, The Rhode Island General Assemblyís Joint Commission on Youth

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Financial Education recognizes the critical need for the State to have a citizenry that is prepared

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to make responsible personal financial decisions; and

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     WHEREAS, Rhode Islandís young people face a future where knowledge of personal

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finances will play an unprecedented role in their economic well-being; and

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     WHEREAS, Approximately five percent of young people in Rhode Islandís high schools

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participate in a course dedicated to financial literacy each academic year; and

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     WHEREAS, Objective evidence suggests that students in Rhode Island and across the

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nation do not have an understanding of the core financial concepts that will allow them to make

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financially sound decisions as adults; and

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     WHEREAS, School districts and middle and high schools across Rhode Island differ in

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the extent that they offer students the opportunity to study personal finance; now, therefore be it

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     RESOLVED, That this General Assembly of the State of Rhode Island and Providence

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Plantations hereby requests the Rhode Island Department of Education to create a Task Force in

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order to develop a statewide strategy, action plan, and marketing plan for increasing middle and

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high school studentsí knowledge of personal financial literacy; and be it further

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     RESOLVED, That said Task Force will be composed of educators and members of the

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financial community; and be it further

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     RESOLVED, That this General Assembly requests said Task Force to complete its work

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and provide a report to the Speaker of the House and the President of the Senate on or before

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January 31, 2009; and be it further

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     RESOLVED, That the Secretary of State be and he hereby is authorized and directed to

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transmit a duly certified copy of this resolution to the commissioner of elementary and secondary

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education for the state of Rhode Island.

     

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LC03000

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S3056