[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 908 Introduced in House (IH)]

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119th CONGRESS
  1st Session
H. RES. 908

 Expressing support for the designation of October 2025 as ``National 
                      Financial Planning Month''.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 21, 2025

    Mrs. Kim (for herself and Mrs. Beatty) submitted the following 
   resolution; which was referred to the Committee on Oversight and 
                           Government Reform

_______________________________________________________________________

                               RESOLUTION


 
 Expressing support for the designation of October 2025 as ``National 
                      Financial Planning Month''.

Whereas 89 percent of Americans are concerned about the cost of living, and 
        approximately half of Americans cite the high cost of living as an 
        obstacle to achieving their financial goals;
Whereas financial planning is a collaborative process that helps maximize a 
        client's potential for meeting life goals through financial advice that 
        integrates relevant elements of the client's personal and financial 
        circumstances;
Whereas financial planning is critical to the economic well-being and stability 
        of individuals, families, communities, businesses, and the Nation;
Whereas, according to research conducted by CFP Board, the standard-setting body 
        for financial planners, 40 percent of Americans have less than $400 in 
        emergency savings and many Americans do not have access to, or knowledge 
        of, comprehensive financial planning services, which include budgeting, 
        saving, investing, retirement planning, managing debt, insurance, and 
        estate planning;
Whereas financial uncertainty caused by inflation, rising costs of education, 
        housing, health care, and changing labor markets increases the risk that 
        individuals may lack sufficient retirement savings or face financial 
        hardship;
Whereas Americans working with CERTIFIED FINANCIAL PLANNER professionals are 
        more likely to feel prepared for a crisis, and 4 in 5 people who work 
        with a CERTIFIED FINANCIAL PLANNER professional indicate that they have 
        3 months' worth of savings in their emergency fund, while by comparison, 
        only 53 percent of unadvised Americans have sufficient emergency 
        savings;
Whereas Americans working with CERTIFIED FINANCIAL PLANNER professionals are 
        more likely to live comfortably than those who do not, and more than 
        half of people advised by a CERTIFIED FINANCIAL PLANNER professional 
        describe themselves as ``living comfortably'', while only 28 percent of 
        those who are unadvised feel the same;
Whereas financial planning education at all stages of life, high school, 
        college, working years, and retirement, is critical to ensuring informed 
        decision-making;
Whereas financial planners, nonprofit organizations, community organizations, 
        educational institutions, and businesses play an important role in 
        educating the public and expanding access to financial planning 
        services;
Whereas 17 percent of CERTIFIED FINANCIAL PLANNER professionals volunteer their 
        time and expertise through pro bono financial planning services, helping 
        underserved individuals and families navigate financial challenges and 
        make informed decisions, thereby expanding equitable access to critical 
        financial guidance, and CERTIFIED FINANCIAL PLANNER professionals 
        recorded 389,435 pro bono hours in 2024 alone;
Whereas financial literacy remains low among American adults, with fewer than 
        half correctly answering financial literacy questions, a statistic that 
        has not changed since 2017, and with financial advice easily accessible 
        online, nearly 3 in 5 Americans say they have made regrettable financial 
        decisions based on misleading online information; and
Whereas it would be appropriate to observe October 2025 as ``National Financial 
        Planning Month'': Now, therefore, be it
    Resolved, That the House of Representatives--
            (1) supports the designation of ``National Financial 
        Planning Month'' to increase public awareness about the 
        importance of financial planning and the many benefits that 
        thorough financial planning can bring to individuals, families, 
        and communities; and
            (2) urges the people of the United States to observe 
        ``National Financial Planning Month'' with appropriate programs 
        and activities, including--
                    (A) public seminars or workshops on budgeting, 
                saving, use of credit, investing, and retirement 
                planning;
                    (B) financial education curricula in schools and 
                colleges;
                    (C) promoting access to financial planning 
                services;
                    (D) generally improving the financial literacy of 
                individuals of all ages; and
                    (E) supporting and promoting pro bono financial 
                planning initiatives to provide no-cost financial 
                guidance to underserved and economically vulnerable 
                individuals and families.
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