General Treasurer awards Rep. Ackerman, Sen.
Cano for legislation championing financial literacy
From left, Sen. Sandra Cano, General Treasurer Seth Magaziner and Rep. Mia S. Ackerman
STATE HOUSE — General Treasurer Seth Magaziner yesterday awarded House Deputy Majority Whip Mia A. Ackerman (D-Dist. 45, Cumberland, Lincoln) and Sen. Sandra Cano (D-Dist. 8, Pawtucket) for distinguished service in championing financial literacy.
Representative Ackerman and Senator Cano sponsored a law (2021-H 5491, 2021-S 0349) this year that requires the Council on Elementary and Secondary Education, in consultation with the Rhode Island Department of Education, to develop and approve standards for consumer education in in public high schools.
“I am so honored to be here today to receive this award,” said Representative Ackerman. “It is always appreciated to be recognized for the hard work that goes into getting a law passed. But this is particularly gratifying because the real winners here are the youth of Rhode Island and that should truly be celebrated. I want all of these students to come out of school not only with the knowledge to build a skilled workforce, but with the knowledge of how to manage their personal finances instead of spending a lifetime in debt.”
The awards were presented by Treasurer Magaziner during the second annual Office of the General Treasurer Distinguished Service Awards ceremony, where seven Rhode Island individuals and organizations were recognized for their strong partnership to the Office of the General Treasurer in promoting economic opportunity for all Rhode Islanders.
“Enactment of the financial literacy legislation was a truly collaborative effort, and it included my fellow award recipient Representative Mia Ackerman, as well as the leadership and advocacy of Treasurer Magaziner himself,” said Senator Cano, who chairs the Senate Education Committee. “Financial literacy has been a top priority of mine since I came into the Senate, because ensuring that students have the financial tools they need to get by in the world needs to be a core requirement in every school.”
“When we equip Rhode Island students with personal financial skills early on, we set them up for financial success in adulthood,” said General Treasurer Seth Magaziner. “This law will help ensure that every student receives the personal financial instruction they need to make smart financial decisions and access economic opportunity throughout their lives.”