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Maryland governor signs fin lit bills
ANNAPOLIS, Md. (5/6/08)--Maryland Gov. Martin O’Malley has signed into law Senate Bill 533 and House Bill 1242, which together will lead to the formation of a statewide task force on financial literacy.
Click to view larger image At the signings of two Maryland’s bills which will lead to a statewide task force on financial literacy are: Seated from left, Lt. Gov. Anthony Brown, State Senate President Mike Miller, Gov. Martin O’ Malley, and House of Delegates Speaker Michael Busch. Standing, from left, are: Sarah Bloom Raskin, state finance commissioner; Bert Hash, president /CEO, Municipal Employees CU, Baltimore; Dana M. Stein, delegate; Dan K. Morhaim, delegate; Ann Marie Doory, delegate; James Brown, counsel for the Maryland and District of Columbia Credit Union Association (MDDCCUA); and Aaron Glaser, MDDCCUA director of legislative affairs. (Photo provided by Maryland and District of Columbia Credit Union Association)
The task force will study and make recommendations to the Maryland General Assembly on how to raise the average level of financial literacy among the citizens of Maryland, and how to promote financial literacy education within Maryland’s public schools (Focus Newsletter May 5). The signing of the bills represents a victory for credit unions, who supported both bills said the Maryland and District of Columbia Credit Union Association. The association will have three representatives on the task force, which will advocate for measures to increase financial literacy education within Maryland--an important task given the current mortgage and foreclosure crisis, the association said.
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