[United States Statutes at Large, Volume 126, 112th Congress, 2nd Session]
[From the U.S. Government Publishing Office, www.gpo.gov]

 
PROCLAMATION 8793--APR. 2, 2012

Proclamation 8793 of April 2, 2012

National Financial Capability Month, 2012

By the President of the United States of America

A Proclamation

Across our country, millions of Americans work hard and play by the
rules to protect the gains they have made and secure a brighter future
for their loved ones. The resilience and ingenuity of our people are
driving our economic recovery, and as we lay the foundation for an
America built to last, we must also promote a financial system that is
fair and sound for all. During National Financial Capability Month, we
recommit to ensuring everyone has access to the information and tools
that empower them to operate safely and smartly in the marketplace.
A strong and stable economy requires responsibility from top to bottom--
from banks and borrowers to workers and executives. To protect everyday
Americans from abuses in the financial industry, I appointed Richard
Cordray to head the Consumer Finance Protection Bureau (CFPB). His
responsibility--and that of the CFPB--is to ensure all Americans have
the resources they need to make sound financial decisions, and to
guarantee every individual receives fair treatment when they apply for a
mortgage, take out a student loan, or use a credit card.
As we work to put an end to predatory behavior in our financial markets,
my Administration is taking action to empower individuals and families
with the tools they need to get ahead. Last year, we collaborated with
representatives from the private, public, and non-profit industries to
release the National Strategy for Financial Literacy--a comprehensive
plan to improve financial education across our country. The President's
Advisory Council on Financial Capability (PACFC) continues to identify
and promote the most effective, data-driven strategies to better educate
Americans on financial issues. With help from the PACFC, we are working
to provide our young people with financial skills to become successful
students, entrepreneurs, and leaders; to ensure American workers are
able to provide for their loved ones and


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save for retirement; and to
foster financial capability in families and communities across our
Nation.
During National Financial Capability Month, we rededicate ourselves to
advancing robust consumer education and to helping every individual take
ownership of their financial future. I encourage all Americans to take
advantage of the free, reliable financial resources at www.MyMoney.gov,
www.ConsumerFinance.gov, and 1-888-MyMoney.
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 2012 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.
IN WITNESS WHEREOF, I have hereunto set my hand this second day of
April, in the year of our Lord two thousand twelve, and of the
Independence of the United States of America the two hundred and thirty-
sixth.
BARACK OBAMA