Sec. 2. Study on the impact of language barriers to financial health
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The Financial Literacy and Education Commission shall carry out a study on the impact of language barriers to financial health, including access to financial literacy education and training, credit score outcomes, the cost of credit, and homebuying across groups with limited English proficiency. In carrying out the study required under subsection (a), the Financial Literacy and Education Commission shall consult with every agency represented on the Commission. Not later than the end of the 6-month period beginning on the date of enactment of this Act, the Financial Literacy and Education Commission shall issue a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate— containing all findings and determinations made in carrying out the study required under subsection (a); and analyzing the need for language accessibility across the financial services industry, including an identification of any industries in which information is provided solely in one language, highlighting any products, services, or other financial offerings with information which is limited in their availability beyond English.