cies and both the financial sector and nongovern-
ment agencies with regard to financial education. 
(4) ENHANCEMENT
OF
INTERGOVERNMENTAL 
COOPERATION.—The enhancement of—
(A) cooperative efforts between the Federal 
Government and State and local officials, in-
cluding State and local regulators and edu-
cators; and 
(B) cooperative efforts among the several 
States and between State and local officials, in-
cluding State and local regulators and edu-
cators which could be utilized or should be en-
couraged. 
(5) PROJECT AND BUDGET PRIORITIES.—A 3-
year projection for program and budget priorities 
and achievable projects for improving financial edu-
cation. 
(6) ASSESSMENT OF FUNDING.—A complete as-
sessment of how the proposed budget is intended to 
implement the strategy, and whether the funding 
levels contained in the proposed budget are sufficient 
to implement the strategy. 
(7) DATA REGARDING TRENDS IN FINANCIAL 
EDUCATION.—The need for timely, accurate, and 
complete information necessary for the purpose of
developing and analyzing data in order to ascertain 
trends in the need for financial education. 
(8) IMPROVED COMMUNICATIONS.—A plan for 
enhancing the communication between the Federal 
Government and State and local governments re-
garding financial education. 
(d) EFFECTIVENESS REPORT.—At the time each na-
tional SAFE strategy for financial education is trans-
mitted by the President to the Congress (other than the 
first transmission of any such strategy) pursuant to sub-
section (b), the Secretary shall submit a report containing 
an evaluation of the effectiveness of policies to enhance 
financial education and reach the goals outlined in sub-
section (c). 
(e) CONSULTATIONS.—In addition to the consulta-
tions required under this section with the Secretary of 
Housing and Urban Development, in developing the na-
tional SAFE strategy for financial education, the Sec-
retary shall consult with—
(1) the Board of Governors of the Federal Re-
serve System and other Federal banking agencies 
and the National Credit Union Administration 
Board; 
(2) State and local officials, including State and 
local regulators and educators;
(3) the Securities and Exchange Commission; 
(4) the Commodities and Futures Trading 
Commission; 
(5) the Secretary of Education; 
(6) to the extent possible, the finance ministers 
of foreign governments; 
(7) to the extent appropriate, State and local 
officials responsible for financial institution and fi-
nancial market regulation; 
(8) any other State or local government author-
ity, to the extent appropriate; 
(9) any other Federal Government authority or 
instrumentality, to the extent appropriate 
(10) representatives of the private financial 
services sector, to the extent appropriate; 
(11) the Secretary of Agriculture; 
(12) the Secretary of Health and Human Serv-
ices; 
(13) the Secretary of Defense; 
(14) the Secretary of Labor; 
(15) the Secretary of Veterans Affairs; 
(16) the Chairman of the Federal Trade Com-
mission; 
(17) the Commissioner of Social Security, the 
Social Security Administration;
(18) the Administrator of the Small Business 
Administration; 
(19) the Director of the Office of Personnel 
Management; 
(20) the Federal Housing Commissioner; 
(21) State insurance commissioners working 
through the National Association of Insurance Com-
missioners; 
(22) the Advertising Council; and 
(23) the heads of Federal, State and local gov-
ernment programs, and privately run programs, 
which have the purpose of—
(A) getting the unbanked to participate in 
the banking system; and 
(B) encouraging recipients of State or 
Federal assistance programs to move away from 
receiving their programs via paper checks and 
towards receiving such payments electronically. 
(f) AUTHORIZATION
OF APPROPRIATIONS.—There 
are authorized to be appropriated to the Secretary of the 
Treasury for fiscal years 2004, 2005, 2006, 2007, 2008, 
and 2009 such sums as may be necessary to carry out 
the requirements of this section.
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