Sec. 4. Policy recommendations
222 words·~1 min read·
/bill/118/s/4248/is/section-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 1 year after the date of enactment of this Act, the Financial Literacy and Education Commission shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report containing— legislative and regulatory recommendations on how to address— barriers to financial inclusion caused by language barriers, including through financial literacy education and training; and the role that emerging technology and financial products play in helping or harming communities with limited English proficiency; a summary of— the actions taken by the Commission to prepare to implement the amendments made by section 3; and actions taken by each Federal agency that is represented in the membership of the Commission to make financial literacy and education resources of the agency available to the public in each of the 8 most commonly spoken languages in the United States, as determined by the Bureau of the Census; and an estimate of the cost— to implement the amendments made by section 3; and for each Federal agency that is represented in the membership of the Commission, to make financial literacy and education resources of the agency available to the public in each of the 8 most commonly spoken languages in the United States, as determined by the Bureau of the Census.