(1) in paragraph (2)(C), by striking ‘‘grade E– 
4’’ and inserting ‘‘grade E–6’’; 
(2) by adding at the end the following new 
paragraph: 
‘‘(5) In carrying out the program to provide training 
under this subsection, the Secretary concerned shall— 
‘‘(A) use a curriculum across all military de-
partments for such training that— 
‘‘(i) focuses on ensuring that members of 
the Armed Forces who receive such training de-
velop proficiency in financial literacy rather 
than focusing on completion of training mod-
ules; 
‘‘(ii) is based on best practices of the Fi-
nancial Literacy Education Commission estab-
lished under section 513 of the Financial Lit-
eracy and Education Improvement Act (20 
U.S.C. 9702); and 
‘‘(iii) is designed to address the needs of 
members and their families; 
‘‘(B) ensure that such training— 
‘‘(i) is conducted by a financial services 
counselor who is qualified as described in para-
graph (3) of subsection (b) or by other means 
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as described in paragraph (2)(A)(ii) of that 
subsection; 
‘‘(ii) is provided, to the extent practicable 
and in a manner that does not harm mission 
readiness— 
‘‘(I) in a class held in person with 
fewer than 100 attendees; or 
‘‘(II) one-on-one between the member 
and a financial services counselor or a 
qualified representative described in sub-
section (b)(2)(A)(ii)(III); and 
‘‘(iii) is provided using computer-based 
methods only if methods described in clause (ii) 
are impractical or unavailable; 
‘‘(C) ensure that— 
‘‘(i) an in-person class described in sub-
paragraph (B)(i)(I) is available to the spouse of 
a member; and 
‘‘(ii) if a spouse of a member is unable to 
attend such a class in person— 
‘‘(I) training is available to the spouse 
through an online program managed by 
the Department of Defense; and 
‘‘(II) the member is informed during 
the in-person training of the member 
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under subparagraph (B)(i) with respect to 
how the member’s spouse can access the 
training; and 
‘‘(D) ensure that such training, and all docu-
ments and materials provided in relation to such 
training, are presented or written in manner that 
the Secretary determines can be understood by the 
average enlisted member.’’. 
(b) PROVISION
OF RETIREMENT INFORMATION.— 
Such section is further amended— 
(1) by redesignating subsections (d) and (e) as 
subsections (e) and (g), respectively; and 
(2) by inserting after subsection (c) the fol-
lowing new subsection (d): 
‘‘(d) PROVISION OF RETIREMENT INFORMATION.—In 
each training under subsection (a) and in each meeting 
to provide counseling under subsection (b), a member of 
the Armed Forces shall be provided with— 
‘‘(1) all forms relating to retirement that are 
relevant to the member, including with respect to the 
Thrift Savings Plan; 
‘‘(2) information with respect to how to find ad-
ditional information; and 
‘‘(3) contact information for counselors pro-
vided through the Personal Financial Counselor pro-
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gram, the Personal Financial Management program, 
or online programs managed by the Department of 
Defense.’’. 
(c) REPORT
ON EFFECTIVENESS
OF FINANCIAL 
SERVICES COUNSELING.— 
(1) IN GENERAL.—Not later than 3 years after 
the date of the enactment of this Act, the Secretary 
of Defense shall submit to the congressional defense 
committees a report on financial literacy training 
and financial services counseling provided under sec-
tion 992 of title 10, United States Code, as amended 
by this section, that assesses— 
(A) the effectiveness of such training and 
counseling, which shall be determined using ac-
tual localized data similar to the Unit Risk In-
ventory Survey of the Army; and 
(B) whether additional training or coun-
seling is necessary for enlisted members of the 
Armed Forces or for officers. 
(2) FOLLOW-ON
REPORT.—Not later than 6 
years after the date of the enactment of this Act, the 
Secretary shall submit to the congressional defense 
committees a report on the efforts of the Depart-
ment of Defense to address any concerns raised in 
the report required by paragraph (1). 
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(3) CONGRESSIONAL
DEFENSE
COMMITTEES 
DEFINED.—In this subsection, the term ‘‘congres-
sional defense committees’’ has the meaning given 
that term in section 101 of title 10, United States 
Code. 
(d) REGULATIONS.—The Secretary of Defense may 
prescribe such regulations as are necessary to carry out 
the amendments made by this section. 
Æ 
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