H.Con.Res. 176House108th Congress (2003-2005)Passed House

Supporting the goals and ideals of Financial Planning Week, recognizing the significant impact of sound financial planning on achieving life's goals, and honoring American families and the financial planning profession for their adherence and dedication to the financial planning process.

Legislative Activity

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14 earlier actions

SenateIntro Referral Latest Action

Received in the Senate and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

November 5, 2003

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HouseIntro Referral

Introduced in House

May 9, 2003

HouseIntro Referral

Referred to the House Committee on Government Reform.

Oversight and Government Reform Committee

May 9, 2003

HouseCommittee

Referred to the Subcommittee on Civil Service and Agency Organization.

June 2, 2003

HouseCommittee

Subcommittee on Civil Service and Agency Organization Discharged.

Oversight and Government Reform Committee

September 18, 2003

HouseCommittee

Committee Consideration and Mark-up Session Held.

Oversight and Government Reform Committee

September 18, 2003

HouseCommittee

Ordered to be Reported by Unanimous Consent.

Oversight and Government Reform Committee

September 18, 2003

HouseFloor

Mr. Turner (OH) moved to suspend the rules and agree to the resolution.

November 4, 2003 • 2:34 PM

HouseFloor

Considered under suspension of the rules. (consideration: CR H10247-10248)

November 4, 2003 • 2:35 PM

HouseFloor

DEBATE - The House proceeded with forty minutes of debate on H. Con. Res. 176.

November 4, 2003 • 2:35 PM

HouseFloor

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

November 4, 2003 • 2:40 PM

HouseFloor

Considered as unfinished business. (consideration: CR H10312-10313)

November 4, 2003 • 6:33 PM

HouseFloor

Passed/agreed to in House: On motion to suspend the rules and agree to the resolution Agreed to by the Yeas and Nays: (2/3 required): 381 - 0 (Roll no. 602).(text: CR H10247)

View vote Passed

November 4, 2003 • 6:51 PM

HouseFloor

On motion to suspend the rules and agree to the resolution Agreed to by the Yeas and Nays: (2/3 required): 381 - 0 (Roll no. 602). (text: CR H10247)

View vote Passed

November 4, 2003 • 6:51 PM

HouseFloor

Motion to reconsider laid on the table Agreed to without objection.

November 4, 2003 • 6:51 PM

SenateIntro Referral

Received in the Senate and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

November 5, 2003

Voting History

1 vote recorded • Roll call available

HOUSE

Roll Call Available

November 4, 2003 at 6:53 PM

On Motion to Suspend the Rules and Agree

Majority required: 2/3 (66.7%)

Passed

381 - 0

Floor Debate

7 members

What members said about H.Con.Res. 176 on the floor

4 Republicans3 Democrats

Rep. Michael R. TurnerR-OH-3 · Nov 4, 2003

Mr. Speaker, I move to suspend the rules and agree to the concurrent resolution (H. Con. Res. 176) supporting the goals and ideals of Financial Planning Week, recognizing the significant impact of…

Mr. Speaker, I move to suspend the rules and agree to the concurrent resolution (H. Con. Res. 176) supporting the goals and ideals of Financial Planning Week, recognizing the significant impact of sound financial planning on achieving life's goals, and honoring American families and the financial planning profession for their adherence and dedication to the financial planning process.

Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days within which to revise and extend their remarks on the concurrent resolution under consideration.

Mr. Speaker, I yield myself such time as I may consume.

Mr. Speaker, House Concurrent Resolution 176 supports the goals and ideals of Financial Planning Week. This resolution, introduced by the gentleman from Pennsylvania (Mr. Platts), the chairman of the Committee on Government Reform Subcommittee on Government Efficiency and Financial Management, aims to make all Americans aware of the importance of effective financial planning to prepare for all stages of life.

Mr. Speaker, all Americans were happy to learn last week that the gross domestic product for the third quarter of fiscal year 2003 grew at a rate of 7.2 percent, the highest rate since the 1980s. Clearly, that is good news about the direction our economy is headed and, hopefully, that will translate into increased job growth and more income for all Americans.

However, smart financial planning is a timeless and invaluable way for all of us to help ensure a secure financial future. American families are working harder today than perhaps at any other time in our Nation's history, but it is imperative that we all accompany our hard work with thoughtful, personal financial planning.

I want to cite the third resolved clause of the resolution that states that ``Congress acknowledges and commends the millions of American families across the United States for their adherence and dedication to the financial planning process.'' No one takes time out to recognize the millions of Americans who are working, spending wisely, and prudently saving for their own and their family's future. This resolution attempts to acknowledge these people.

Mr. Speaker, I commend the chairman of the Subcommittee on Government Efficiency and Financial Management for introducing this important legislation, and I support the adoption of House Concurrent Resolution 176.

Mr. Speaker, I reserve the balance of my time.

Mr. Speaker, I strongly support the adoption of House Concurrent Resolution 176, and I yield back the balance of my time.

Mr. Speaker, on that I demand the yeas and nays.

Rep. Danny K. DavisD-IL-7 · Nov 4, 2003

Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, as a young child, I was taught that he or she who fails to plan, plans to fail. Therefore, Mr. Speaker, this resolution is very…

Mr. Speaker, I yield myself such time as I may consume.

Mr. Speaker, as a young child, I was taught that he or she who fails to plan, plans to fail. Therefore, Mr. Speaker, this resolution is very timely, given the sluggish economy and loss of jobs.

H. Con. Res. 176 supports the goals and ideals of Financial Planning Week. The financial planning process allows individuals to achieve their dreams by empowering themselves to identify and manage realistic financial goals, and to negotiate the financial barriers that arise at every stage of life.

Everyone can benefit from knowing about the value of financial planning and where to turn for objective financial advice. The Financial Planning Association designated the week beginning October 6, 2003 as Financial Planning Week, and with good reason.

Saving money has steadily declined in this country over the past 50 years, while borrowing has increased. In 1950, savings averaged 12.3 percent of national output. By the 1960s, it was down to 8.5 percent. By the 1980s it was down to 4.7 percent. In the early 1990s, it was only 2.4 percent. Americans need to work to achieve financial independence, and financial planning is crucial to that process.

Determining what you have, determining what resources you need for living, and setting goals are all part of the financial planning process. Experts suggest setting aside a goal to pay ourselves first, to plan and to manage our spending so that we will be able to save. We then should gradually increase the percentage of our income that we save. Over time, Americans should try to set aside enough savings to meet each of the following needs: Day-to-day living expenses, including debt repayment; common emergencies; large recurrent expenses; short- term goals; long-term goals; and special opportunities that would require substantial sums in the future.

We as individuals are responsible for becoming well-informed and for making thoughtful decisions that improve our prospects for financial security. H. Con. Res. 176 serves as a reminder of how important it is for us to save and to have a financial plan, so that we can improve not only our individual quality of life, but so that we can have a better outlook for our Nation and improve the quality of life for all Americans.

Mr. Speaker, I have no further requests for time, and I yield back the balance of my time.

Rep. Todd Russell PlattsR-PA-19 · Nov 5, 2003

Mr. Speaker, I introduced House Concurrent Resolution 176 to reaffirm the value of sound financial planning in achieving life's goals and to recognize the dedication of American families and…

Rep. Michael G. OxleyR-OH-4 · Nov 5, 2003

Mr. Speaker, I was absent from the House floor during today's rollcall votes on H. Con. Res. 176, supporting the goals and ideals of Financial Planning Week, and H. Con. Res. 94, the Direct Support…

Rep. Phil EnglishR-PA-3 · Nov 5, 2003

Mr. Speaker, I was unable to be present for rollcall votes 602 and 603 on November 4, 2003. Had I been present, I would have voted in the following manner: ``Yea'' on H. Con. Res. 176--Supporting…

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Rep. Joseph M. HoeffelD-PA-13 · Nov 5, 2003

Mr. Speaker, I was absent for votes on Tuesday, November 4, 2003. Had I been present, I would have cast my votes as follows: Rollcall No. 602 (H. Con. Res. 176): ``aye.'' Rollcall No. 603 (H. Con.…

Rep. Bob FilnerD-CA-51 · Nov 4, 2003

Madam Speaker, I missed rollcall vote No. 602, because I was touring the wildfire damage in my district with the President of the United States. Had I been present, I would have voted ``yea.''

Bill Text

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Referred in SenateIssued November 5, 2003

        [Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 176 Referred in Senate (RFS)]

1st Session
H. CON. RES. 176

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

November 5, 2003

Received and referred to the Committee on Banking, Housing and Urban
Affairs

_______________________________________________________________________

CONCURRENT RESOLUTION

Supporting the goals and ideals of Financial Planning Week, recognizing
the significant impact of sound financial planning on achieving life's
goals, and honoring American families and the financial planning
profession for their adherence and dedication to the financial planning
process.

Whereas the financial planning process can play a vital role in helping American
workers achieve financial independence by empowering them to identify
and manage realistic financial objectives and negotiate the financial
challenges that arise at every stage of life;
Whereas all Americans can improve their quality of life by securing competent,
objective, and comprehensive financial advice to assist them in
attaining their financial goals;
Whereas, in the past year, proclamations have been issued in numerous States and
the District of Columbia recognizing the importance of the financial
planning process in meeting the goal of financial independence and other
long-term financial objectives;
Whereas widespread adherence to a financial planning process can help reduce the
burdens and obligations of the public and private sectors in providing a
financial safety net for less fortunate Americans; and
Whereas the Financial Planning Association has designated the week beginning
October 6, 2003, as ``Financial Planning Week'': Now, therefore, be it
Resolved by the House of Representatives (the Senate concurring),
That Congress--
(1) supports the goals and ideals of ``Financial Planning
Week'';
(2) recognizes the significant impact that sound financial
planning can have on securing financial independence and
achieving life's goals and dreams;
(3) acknowledges and commends the millions of American
families across the United States, as well as the financial
planning profession, for their adherence and dedication to the
financial planning process; and
(4) encourages the American people to observe ``Financial
Planning week'' with appropriate programs and activities.

Passed the House of Representatives November 4, 2003.

Attest:

JEFF TRANDAHL,

Clerk.