[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 446 Introduced in House (IH)]







107th CONGRESS
  2d Session
H. CON. RES. 446

   Expressing the sense of Congress regarding the establishment of a 
                         College Savings Month.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 24, 2002

 Mr. Rogers of Michigan submitted the following concurrent resolution; 
        which was referred to the Committee on Government Reform

_______________________________________________________________________

                         CONCURRENT RESOLUTION


 
   Expressing the sense of Congress regarding the establishment of a 
                         College Savings Month.

Whereas the people of the United States recognize the challenge and accept the 
        responsibility of obtaining the education and skills that will enable 
        them to successfully compete in the global economy of the 21st century;
Whereas since 1980 the rate of increase of the cost of postsecondary education 
        has exceeded the rate of increase of inflation, public assistance to 
        students, and family income;
Whereas the rapidly rising cost of postsecondary education poses a serious 
        threat to the ability of the people of the United States to ensure their 
        and their children's access to postsecondary education;
Whereas since 1992 the annual amount of new student loan commitments has 
        increased from $15,000,000,000 to $35,000,000,000, which represents an 
        increasing burden on college graduates to pay for their college 
        education long after that education is completed;
Whereas it is in the interest of the Nation to ensure that the people of the 
        United States have the opportunity to obtain a postsecondary education 
        and to encourage parents to save for their children's education;
Whereas many States have offered tax incentives to encourage their citizens to 
        save for educational expenses;
Whereas additional Federal tax incentives to encourage the people of the United 
        States to save for educational expenses became effective after December 
        31, 2001; and
Whereas the establishment of September as College Savings Month would raise 
        public awareness about the need to save for educational expenses: Now, 
        therefore, be it
    Resolved by the House of Representatives (the Senate concurring), 
That it is the sense of Congress that--
            (1) a College Savings Month should be established to raise 
        public awareness about the need to save for educational 
        expenses; and
            (2) the President should issue a proclamation calling on 
        the people of the United States to observe such a month with 
        appropriate programs and activities.
                                 <all>