[Weekly Compilation of Presidential Documents Volume 29, Number 16 (Monday, April 26, 1993)]
[Pages 649-650]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Proclamation 6547--National Credit Education Week, 1993

 April 22, 1993

By the President of the United States

of America

A Proclamation

    Consumer credit is an integral part of the free enterprise economy 
of the United States. The vast array of credit products has expanded 
opportunities for consumers. At the same time, this trend has increased 
consumers' need for simple, understandable information about their 
options. Informed consumers who know their choices, rights, and 
responsibilities are better able to choose and use credit wisely. The 
prudent use of credit increases economic stability and enhances market 
competition.
    The theme of this year's observance, ``Good Credit--Unlimited 
Opportunities,'' recognizes that consumers, with careful budgeting and 
planning, can benefit from increased choices and opportunities in 
today's marketplace. Credit education is crucial to helping the public 
use credit wisely and responsibly. A good credit record can help a 
consumer obtain a job, finance a child's education, and obtain a 
mortgage to buy a home.
    Tests of adults and high school students across the Nation show that 
consumers in the Untied States are not prepared adequately to deal with 
complex consumer credit choices. Even though the rights of consumers in 
credit transactions are guaranteed in Federal and State laws, most 
consumers have lit- 

[[Page 650]]

tle understanding of their rights or of the agencies responsible for 
protecting these rights. Consumers clearly can benefit a great deal from 
expanded consumer credit education efforts.
    In recognition of the importance of the prudent use of credit, the 
Congress, by Public Law 102-483, has designated the week beginning April 
18, 1993, as ``National Credit Education Week'' and has authorized and 
requested the President to issue a proclamation in observance of this 
week.
    Now, Therefore, I, William J. Clinton, President of the United 
States of America, do hereby proclaim the week beginning April 18, 1993, 
as National Credit Education Week. I encourage all Americans--
particularly business people, educators, public officials, consumer 
advocates, community organizations, and members of the media--to observe 
this week with appropriate programs and activities to educate and inform 
consumers about their credit rights and responsibilities and about the 
benefits of the wise use of credit.
    In Witness Whereof, I have hereunto set my hand this twenty-second 
day of April, in the year of our Lord nineteen hundred and ninety-three, 
and of the Independence of the United States of America the two hundred 
and seventeenth.
                                            William J. Clinton

[Filed with the Office of the Federal Register, 12:18 p.m., April 23, 
1993]

Note: This proclamation will be published in the Federal Register on 
April 27.