H.Res. 908

[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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