[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 403 Introduced in House (IH)]

103d CONGRESS
  2d Session
H. RES. 403

Requesting the President to designate April 1994 as ``National Savings 
                                Month''.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 12, 1994

 Mr. LaRocco submitted the following resolution; which was referred to 
             the Committee on Post Office and Civil Service

_______________________________________________________________________

                               RESOLUTION


 
Requesting the President to designate April 1994 as ``National Savings 
                                Month''.

Whereas the United States cannot prosper without the savings and investment of 
        our people;
Whereas American savings amounted to more than 6 percent of our Gross Domestic 
        Product (GDP) in 1981, but equaled less than 3.5 percent of GDP last 
        year;
Whereas our failure to save means that the United States has to borrow money 
        abroad;
Whereas the United States has become a debtor nation, importing more than 
        $500,000,000,000 from other countries in the past year in contrast to a 
        net export position of nearly $400,000,000,000 in 1980;
Whereas productivity cannot grow and our standard of living cannot rise without 
        adequate domestic savings; and
Whereas it is incumbent upon us, for the future well-being of our Nation, to 
        bring these facts to the attention of the American people: Now, 
        therefore, be it
    Resolved, That the President is hereby authorized and requested to 
issue a proclamation drawing attention to the importance of savings and 
investment in America and designating the month beginning on April 1, 
1994, as ``National Savings Month''.

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