Title: Financial Literacy Education Commission Emergency Response Act
Policy area: Finance and Financial Sector

Summary:
Financial Literacy Education Commission Emergency Response Act
This bill requires the Financial Literacy and Education Commission in the Department of the Treasury to convene a special meeting related to the financial impacts of the COVID-19 (i.e., coronavirus disease 2019) emergency. The commission must provide on its website resources to help individuals recover from financial hardships related to the COVID-19 emergency.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6350 Introduced in House (IH)]

<DOC>






116th CONGRESS
  2d Session
                                H. R. 6350

To require the Financial Literacy and Education Commission to convene a 
 special meeting with respect to the COVID-19 emergency, to update the 
 Commission's website with tools to help individuals recover from any 
financial hardship as a result of the COVID-19 emergency, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 23, 2020

Mr. Gonzalez of Texas introduced the following bill; which was referred 
                 to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To require the Financial Literacy and Education Commission to convene a 
 special meeting with respect to the COVID-19 emergency, to update the 
 Commission's website with tools to help individuals recover from any 
financial hardship as a result of the COVID-19 emergency, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Financial Literacy Education 
Commission Emergency Response Act''.

SEC. 2. PURPOSE.

    The purpose of this Act is to provide financial literacy education, 
including information on access to banking services and other financial 
products, for individuals seeking information and resources as they 
recover from any financial distress caused by the coronavirus disease 
(COVID-19) outbreak and future major disasters.

SEC. 3. FINANCIAL LITERACY AND EDUCATION COMMISSION RESPONSE TO THE 
              COVID-19 EMERGENCY.

    (a) Special Meeting.--Not later than the end of the 60-day period 
beginning on the date of enactment of this Act, the Financial Literacy 
and Education Commission (the ``Commission'') shall convene a special 
meeting to discuss and plan assistance related to the financial impacts 
of the COVID-19 emergency.
    (b) Update of the Commission's Website.--
            (1) In general.--Not later than the end of the 60-day 
        period beginning on the date of enactment of this Act, the 
        Commission shall update the website of the Commission with a 
        full list of tools to help individuals recover from any 
        financial hardship as a result of the COVID-19 emergency.
            (2) Specific requirements.--In performing the update 
        required under paragraph (1), the Commission shall--
                    (A) place special emphasis on providing an 
                additional set of tools geared towards women, racial 
                and ethnic minorities, veterans, disabled, and LGBTQ+ 
                communities; and
                    (B) provide information in English and Spanish.
            (3) Information from members.--Not later than the end of 
        the 60-day period beginning on the date of enactment of this 
        Act, each Federal department or agency that is a member of the 
        Commission shall provide an update on the website of the 
        Commission disclosing any tools that the department or agency 
        is offering to individuals or to employees of the department or 
        agency related to the COVID-19 emergency.
    (c) Implementation Report to Congress.--The Secretary of the 
Treasury and the Director of the Bureau of Consumer Financial 
Protection shall, jointly and not later than the end of the 30-day 
period following the date on which the meeting required under 
subsection (a) is held and all updates required under subsection (b) 
have been completed, report to Congress on the implementation of this 
Act.
    (d) COVID-19 Emergency Defined.--In this section, the term ``COVID-
19 emergency'' means the emergency declared on March 13, 2020, by the 
President under the Robert T. Stafford Disaster Relief and Emergency 
Assistance Act (42 U.S.C. 4121 et seq.) relating to the Coronavirus 
Disease 2019 (COVID-19) pandemic.
                                 <all>