81 FR 19853 - National Financial Capability Month, 2016

Executive Office of the President

Federal Register Volume 81, Issue 65 (April 5, 2016)

[Federal Register Volume 81, Number 65 (Tuesday, April 5, 2016)]
[Presidential Documents]
[Pages 19853-19854]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-07959]




                        Presidential Documents 



Federal Register / Vol. 81, No. 65 / Tuesday, April 5, 2016 / 
Presidential Documents

[[Page 19853]]


                Proclamation 9413 of March 31, 2016

                
National Financial Capability Month, 2016

                By the President of the United States of America

                A Proclamation

                When every American has the tools they need to get 
                ahead and contribute to our country's success, we are 
                all better off. Since the recession, we have built our 
                economy to be better and stronger than before, but we 
                still have work to do to make hardworking families' 
                paychecks go further. Ensuring people have the 
                resources to make informed decisions about their 
                finances is critical in this effort, and during 
                National Financial Capability Month, we recommit to 
                equipping individuals with the knowledge and 
                protections necessary to secure a stable financial 
                future for themselves and their families.

                At some of life's most important junctures--including 
                buying a home, pursuing an education, or saving for 
                retirement--having access to reliable information about 
                our country's financial system can help people avoid 
                being ripped off or sucked into cycles of debt they 
                cannot get out of. That is why my Administration is 
                promoting tools to protect and empower individuals, 
                working to increase borrowers' understanding of what 
                they are getting into before they take out a loan, and 
                educating more people on how to think about their 
                money. I encourage all Americans to call 1-800-FED-INFO 
                or visit www.MyMoney.gov and www.ConsumerFinance.gov 
                for access to free and reliable financial information.

                No young person should be saddled with excessive debt. 
                In addition to striving to inform young people of the 
                dangers of taking out too much consumer debt, my 
                Administration launched the ``Know Before You Owe'' 
                campaign, which is helping America's college students 
                know their full range of options for financing a higher 
                education. I also created the President's Advisory 
                Council on Financial Capability for Young Americans to 
                help educate our rising generation on important money 
                management skills so they can live with security and 
                make positive contributions to our economy. So more of 
                our people can retire with dignity and stability, we 
                established a new type of savings bond, myRA, to help 
                more Americans easily save for retirement. And I signed 
                the Dodd-Frank Wall Street Reform and Consumer 
                Protection Act, which, among other consumer 
                protections, established the Consumer Financial 
                Protection Bureau, the first agency solely dedicated to 
                protecting consumers from unfair practices and 
                predatory products in financial services.

                As our economy continues to grow, we must preserve the 
                basic notion in our country that hard work will be 
                rewarded and that no matter who you are or where you 
                come from, you can make it if you try. This month, let 
                us encourage informed financial decisions and promote 
                resources that help the American people make them, and 
                let us reaffirm our belief in the idea that opportunity 
                should be within reach for all who are willing to work 
                for it.

                NOW, THEREFORE, I, BARACK OBAMA, President of the 
                United States of America, by virtue of the authority 
                vested in me by the Constitution and the laws of the 
                United States, do hereby proclaim April 2016 as 
                National Financial Capability Month. I call upon all 
                Americans to observe this month with programs and 
                activities to improve their understanding of financial 
                principles and practices.

[[Page 19854]]

                IN WITNESS WHEREOF, I have hereunto set my hand this 
                thirty-first day of March, in the year of our Lord two 
                thousand sixteen, and of the Independence of the United 
                States of America the two hundred and fortieth.
                
                
                    (Presidential Sig.)

[FR Doc. 2016-07959
Filed 4-4-16; 11:15 am]
Billing code 3295-F6-P