Sec. 501. Financial Literacy Education Commission Emergency Response
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The purpose of this section is to provide financial literacy education, including information on access to banking services and other financial products, for individuals seeking information and resources as they recover from any financial distress caused by the coronavirus disease (COVID–19) outbreak and future major disasters. Not later than the end of the 60-day period beginning on the date of enactment of this section, the Financial Literacy and Education Commission (the Commission ) shall convene a special meeting to discuss and plan assistance related to the financial impacts of the COVID–19 emergency.
Not later than the end of the 60-day period beginning on the date of enactment of this section, the Commission shall update the website of the Commission with a full list of tools to help individuals recover from any financial hardship as a result of the COVID–19 emergency. In performing the update required under subparagraph (A), the Commission shall— place special emphasis on providing an additional set of tools geared towards women, racial and ethnic minorities, veterans, disabled, and LGBTQ+ communities; and provide information in English and Spanish.
Not later than the end of the 60-day period beginning on the date of enactment of this section, each Federal department or agency that is a member of the Commission shall provide an update on the website of the Commission disclosing any tools that the department or agency is offering to individuals or to employees of the department or agency related to the COVID–19 emergency. The Secretary of the Treasury and the Director of the Bureau of Consumer Financial Protection shall, jointly and not later than the end of the 30-day period following the date on which the meeting required under paragraph
(1)is held and all updates required under paragraph
(2)have been completed, report to Congress on the implementation of this section. In this subsection, the term COVID-19 emergency means the emergency declared on March 13, 2020, by the President under the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 4121 et seq.) relating to the Coronavirus Disease 2019 (COVID-19) pandemic.
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Sec. 501
Financial Literacy Education Commission Emergency Response
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