FOR IMMEDIATE RELEASE
April 30, 2026
CONTACT:
Kyra Smith (Crapo)
Washington, D.C.— U.S. Senators Mike Crapo (R-Idaho), Tim Scott (R-South Carolina) and Senator Jack Reed (D-Rhode Island) secured passage of their resolution designating April 2026 as Financial Literacy Month in the U.S. Senate. Recognized by the body since 2004, Financial Literacy Month is a national celebration of financial empowerment that raises awareness on the importance of financial education and provides resources to help Americans of all ages develop and maintain healthy financial habits.
“Raising awareness of personal financial education resources within our communities is essential,” said Crapo. “Financial literacy is a building block for long-term economic stability, empowering individuals and families to make more informed choices and create opportunities for future generations.”
“Growing up in North Charleston with a single mother, I saw firsthand how important financial literacy is to achieving financial independence and building a brighter future,” said Scott. “Understanding how to save, budget, invest, and build credit can open doors to homeownership, starting a business, and achieving your version of the American Dream. Financial literacy is not a Republican or Democrat issue, it’s an American issue, and I’m proud to work with Senator Reed to help more families access the tools they need to succeed.”
“Financial Literacy Month is a time to highlight the importance of being an informed consumer and smart money manager,” said Reed. “Financial literacy empowers people to take control of their financial future, beginning at an early age and continuing through adulthood and retirement. From managing a household budget to making major purchases, paying for college, starting a business, and laying the groundwork for a secure retirement, basic financial literacy is essential to success. I am pleased to cosponsor this resolution to raise awareness about the resources available to improve financial literacy and get more Americans on the right path to a financially secure future.”
Crapo has been a longtime advocate of promoting financial literacy, introducing the Economic Growth, Regulatory Relief and Consumer Protection Act of 2018, which was signed into law. The legislation included a provision directing the Financial Literacy and Education Commission to establish best practices for teaching financial literacy skills at institutions of higher education, as well as to provide information to help students with borrowing decisions.
Senators Jim Risch (R-Idaho), Angus King (I-Maine), Kevin Cramer (R-North Dakota), Sheldon Whitehouse (D-Rhode Island), Katie Britt (R-Alabama), Maria Cantwell (D-Washington), Gary Peters (D-Michigan), John Boozman (R-Arkansas), Kirsten Gillibrand (D-New York), Tommy Tuberville (R-Alaska), Dick Durbin (D-Illinois), Pete Ricketts (R-Nebraska), Maggie Hassan (D-New Hampshire), Ted Budd (R-North Carolina), Mark Kelly (D-Arizona), Cindy Hyde-Smith (R-Mississippi), Lisa Blunt Rochester (D-Delaware), Shelley Moore Capito (R-West Virginia.), Mike Rounds (R-South Dakota), Bill Hagerty (R-Tennessee), Cynthia Lummis (R-Wyoming), Susan Collins (R-Maine), Jim Banks (R-Indiana), Roger Wicker (R-Mississippi), and Steve Daines (R-Montana) co-sponsored the resolution.
About Mike Crapo
Senator Mike Crapo has represented Idaho in the Senate since 1999, following three terms in the U.S. House and eight years in the Idaho State Senate. A lifelong Idahoan, he currently serves as Chairman of the Senate Finance Committee.
