Sec. 5. Annual report on financial literacy
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Section 514(h)(2) of the Financial Literacy and Education Improvement Act ( 20 U.S.C. 9703(h)(2) ) is amended— in subparagraph (I), by striking and at the end; by redesignating subparagraph
(J)as subparagraph (O); and by inserting after subparagraph
(I)the following: a summary of the Commission’s efforts over the previous year to increase financial literacy across all member agencies of the Commission; an analysis of where there are financial literacy needs across different groups, including information by age group, socioeconomic status, race, ethnicity, and language preference; an analysis of limited access to credit and disparate credit scoring across different groups, including information by age group, gender, sexual orientation, socioeconomic status, race, ethnicity, and language preference; an explanation of how a lack of financial literacy, systemic barriers, and other obstacles result in a wealth gap across different groups, including information by age group, gender, sexual orientation, socioeconomic status, race, ethnicity, and language preference; proposals and potential policy solutions for addressing barriers to financial literacy, disparate credit scoring, and the wealth gap; and .
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Sec. 5
Annual report on financial literacy
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