HARRISBURG (3/13/12)--Pennsylvania State Rep. Mark Longietti (D-7) of Hermitage, Pa., is the first Pennsylvania lawmaker to win the Desjardins Financial Literacy Award for State Lawmakers from the Credit Union National Association (CUNA).
The award is given to one state lawmaker each year for leadership on behalf of youth financial literacy.
The Pennsylvania Credit Union Association (PCUA) nominated Longietti for the award to honor the work that he has done toward the advancement of financial education in the state. Longietti will be honored during the PCUA 78th Annual Convention & Exposition in May.
"It's a well-known fact that children and adults lack financial literacy skills to effectively manage their money, said PCUA President/CEO Jim McCormack. "Credit unions have been on the forefront of providing financial education in schools, so we are naturally supportive of Rep. Longietti's efforts to establish financial education programs throughout Pennsylvania," said McCormack.
Longietti sponsored the state House education bill that helps Pennsylvania's educational system incorporate financial education in school systems. After a veto by Gov. Ed Rendell, Longietti gained bipartisan support to overturn the veto. The bill was passed on Nov. 17, 2010, and officially became Act 104.
Act 104 requires the Pennsylvania Department of Education to convene an Economic Education and Personal Financial Literacy Task Force to assess the trends and needs of economic education and personal financial literacy; consider how funds are used to support economic education and personal financial literacy; and make recommendations to the governor and the General Assembly on legislative or regulatory changes to improve economic education and personal financial literacy.
PCUA serves on the state's Economic Education Task Force.