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CU System
Hearings begin today on Maryland fin lit task force
ANNAPOLIS, Md. (2/26/08)--The Maryland and District of Columbia Credit Union Association (MDCCUA) advocacy team is working to secure passage of two state bills that would implement a statewide task force to study the level of financial literacy in Maryland. The bills--Senate Bill 533, sponsored by State Sen. C. Anthony Muse (D-26), and House Bill 1242 sponsored by State. Del. Dan M. Stein (D-11), would create a statewide task force composed of representatives from the state’s General Assembly, credit unions, banks, teachers’ unions and the state superintendent of schools (Focus Newsletter Feb. 25). The task force’s mission would be to gauge the average level of financial literacy held by Maryland citizens, and to make recommendations to the General Assembly on how to raise the average Maryland citizen’s awareness in the area of financial literacy. Senate Bill 533 will be heard today in the Senate Education, Health and Environmental Affairs Committee. House Bill 1242 will be heard March 4 by the House Ways and Means Committee.


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