Establishing the President's Advisory Council on Financial Literacy
Creates President's Advisory Council on Financial Literacy within Treasury Department
What it does
The Department of the Treasury must establish and support a 19-member advisory council to advise the President and Treasury Secretary on financial literacy.
Real-world impact
- Establishes a 19-member advisory group on financial education.
- Requires federal departments to provide information and assistance when requested.
- Treasury funds and runs the council; members unpaid but eligible for travel.
Topics
Summary
This order creates the President's Advisory Council on Financial Literacy inside the Department of the Treasury to advise on improving Americans' financial knowledge. The Council will gather information, research national financial literacy measures, and recommend ways to improve education for youth and adults and increase access to financial services.
The Council has 19 members appointed from outside the federal government, led by a Chair and Vice Chair, and will report to the President through the Treasury Secretary. Treasury will provide funding and administrative support; members serve without pay and the Council ends two years after the order unless extended.
Questions, answered
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