Encouraging greater public-private sector collaboration to promote financial literacy for students and young adults.

This resolution advocates for increased public-private sector collaboration to enhance financial literacy for students and young adults, recognizing that personal financial management skills are crucial for making informed decisions about budgeting, debt, and savings. It highlights that many young people are currently ill-equipped for complex financial decisions and notes the varying requirements for financial education across states, despite research showing its positive impact.

To address these challenges, the resolution emphasizes the importance of raising awareness and providing consumers with relevant financial information, workshops, and decision-making tools. It reaffirms Section 342 of the Dodd-Frank Act, which directs federal financial agencies to partner with organizations to create industry internships and employment opportunities for talented minorities and women. Furthermore, it supports the efforts of the Bureau of Consumer Financial Protection in providing financial information and tools and urges the Department of the Treasury to consult with FINRA for future national financial capability studies.