President's Advisory Council on Financial Capability
Creates Advisory Council to Improve Americans' Financial Capability
What it does
Federal agencies must provide assistance and information to the Council when requested by the Treasury Secretary.
Real-world impact
- Creates a new advisory body on financial education and consumer access.
- Requires federal agencies to share information and support the Council's work.
- Directs focus on low- and moderate-income and underserved communities.
Topics
Summary
This order creates the President's Advisory Council on Financial Capability within the Department of the Treasury to promote and improve Americans' ability to manage money.
The Council will include Treasury and Education officials and up to 22 private members who will gather input, advise the President and Secretary, and report on financial education, access to services, and support for low- and moderate-income and underserved communities.
The Treasury will provide funding and administration, federal agencies must assist when requested, and the Council will end two years after the order unless extended.
Questions, answered
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