I 
117TH CONGRESS 
1ST SESSION H. R. 5968 
To require employees of the Executive Office of the President to receive 
training on economic literacy, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
NOVEMBER 15, 2021 
Mr. BUDD introduced the following bill; which was referred to the Committee 
on Oversight and Reform 
A BILL 
To require employees of the Executive Office of the President 
to receive training on economic literacy, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. ECONOMIC LITERACY TRAINING FOR CERTAIN 
EMPLOYEES OF THE EXECUTIVE OFFICE OF 
THE PRESIDENT. 
(a) ESTABLISHMENT.—Not later than 120 days after 
the date of the enactment of this Act, the Executive Office 
of the President shall establish a program (in this Act re-
ferred to as the ‘‘Program’’) to provide covered employees 
training on economic literacy. 
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(b) TRAINING COURSE.— 
(1) IN GENERAL.—Except as provided in para-
graph (2), the training provided under the Program 
shall include a course or program on economic lit-
eracy that— 
(A) primarily provides instruction on infla-
tion; and 
(B) is accredited by a nationally recognized 
accrediting agency or association that provides 
standards for economic or financial education, 
as determined by the Director of the National 
Economics Council. 
(2) ALTERNATIVE COURSE OR PROGRAM SELEC-
TION.— 
(A) IN GENERAL.—During any period in 
which no course or program described in para-
graph (1) is reasonably available for covered 
employees to participate in under the Program, 
as determined by the Director of the National 
Economics Council— 
(i) paragraph (1) shall not apply; and 
(ii) the Program shall require covered 
employees to participate in a course or pro-
gram on economic literacy that is selected 
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by the Director and includes instruction on 
inflation. 
(B) SELECTION
DEADLINE.—Not later 
than 60 days after the Director of the National 
Economics Council makes the determination de-
scribed in subparagraph (A), the Director shall 
make the selection described in subparagraph 
(A)(ii). 
(c) TIMING.— 
(1) IN GENERAL.—Each covered employee shall 
receive training on economic literacy under the Pro-
gram— 
(A) in the case of an individual that is a 
covered employee as of the date on which the 
Program is established, not later than 90 days 
after such date; or 
(B) in the case of an individual that be-
comes a covered employee after the date on 
which the Program is established, not later 
than 90 days after the date such individual be-
comes a covered employee. 
(2) TOLLING.—Each period of time specified in 
paragraph (1) shall be tolled during any period of 
time for which the Director of the National Econom-
ics Council has made a determination described in 
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subsection (b)(2)(A) and has not made a selection 
described in subsection (b)(2)(A)(ii). 
(d) REPORTS.— 
(1) ANNUAL CERTIFICATION.—Not later than 
one year after the date of the enactment of this Act, 
and annually thereafter, the Director of the Office of 
Administration of the Executive Office of the Presi-
dent shall submit to Congress a report certifying 
whether the Executive Office of the President has 
complied with the requirements of this section dur-
ing the one-year period ending on the date on which 
the report is submitted. 
(2) NONCOMPLIANT EMPLOYEE LIST.—On each 
January 1 and June 1 occurring after the date that 
is 90 days after the date on which the Program is 
established, the Director of the Office of Administra-
tion of the Executive Office of the President shall 
submit to the Committee on Oversight and Reform 
of the House of Representatives and the Committee 
on Homeland Security and Governmental Affairs of 
the Senate a list of each covered employee that has 
not received training on economic literacy in accord-
ance with this section. 
(e) COVERED EMPLOYEE DEFINED.—In this Act, the 
term ‘‘covered employee’’ means an employee (as defined 
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in section 2105(a) of title 5, United States Code) of the 
Executive Office of the President. 
Æ 
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