HARAHAN, La. (5/22/08)--The Louisiana Credit Union League reports that a financial literacy education bill in the state is making progress. Senate Bill 205, sponsored by Senate President Pro Tempore Sharon Weston Broome (D-15) and Sen. Cheryl A. Gray (D-5), would create the Louisiana Financial Literacy Education Improvement Act, which would develop and implement programs to promote financial literacy and improve the financial education of Louisiana citizens. The bill received a favorable vote on final passage in the full Senate and will soon be introduced in the House of Representatives, said the league (eNews May 21). As SB 405 moves forward, it has received a unanimous favorable nod from the Senate Education Committee, a favorable review by the Senate Finance Committee for its fiscal impact, and a review by the Legislative Bureau, said the league.