2004 US Code
Title 20 - EDUCATION
CHAPTER 77 - FINANCIAL LITERACY AND EDUCATION IMPROVEMENT
Sec. 9702 - Establishment of Financial Literacy and Education Commission
View MetadataPublication Title | United States Code, 2000 Edition, Supplement 4, Title 20 - EDUCATION |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 20 - EDUCATION CHAPTER 77 - FINANCIAL LITERACY AND EDUCATION IMPROVEMENT Sec. 9702 - Establishment of Financial Literacy and Education Commission |
Contains | section 9702 |
Date | 2004 |
Laws in Effect as of Date | January 3, 2005 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 108-159, title V, §513, Dec. 4, 2003, 117 Stat. 2003. |
Statutes at Large Reference | 117 Stat. 2003 |
Public Law Reference | Public Law 108-159 |
§9702. Establishment of Financial Literacy and Education Commission (a) In general
There is established a commission to be known as the “Financial Literacy and Education Commission”.
(b) PurposeThe Commission shall serve to improve the financial literacy and education of persons in the United States through development of a national strategy to promote financial literacy and education.
(c) Membership (1) CompositionThe Commission shall be composed of—
(A) the Secretary of the Treasury;
(B) the respective head of each of the Federal banking agencies (as defined in section 1813 of title 12), the National Credit Union Administration, the Securities and Exchange Commission, each of the Departments of Education, Agriculture, Defense, Health and Human Services, Housing and Urban Development, Labor, and Veterans Affairs, the Federal Trade Commission, the General Services Administration, the Small Business Administration, the Social Security Administration, the Commodity Futures Trading Commission, and the Office of Personnel Management; and
(C) at the discretion of the President, not more than 5 individuals appointed by the President from among the administrative heads of any other Federal agencies, departments, or other Federal Government entities, whom the President determines to be engaged in a serious effort to improve financial literacy and education.
(2) AlternatesEach member of the Commission may designate an alternate if the member is unable to attend a meeting of the Commission. Such alternate shall be an individual who exercises significant decisionmaking authority.
(d) ChairpersonThe Secretary of the Treasury shall serve as the Chairperson.
(e) MeetingsThe Commission shall hold, at the call of the Chairperson, at least 1 meeting every 4 months. All such meetings shall be open to the public. The Commission may hold, at the call of the Chairperson, such other meetings as the Chairperson sees fit to carry out this chapter.
(f) QuorumA majority of the members of the Commission shall constitute a quorum, but a lesser number of members may hold hearings.
(g) Initial meetingThe Commission shall hold its first meeting not later than 60 days after December 4, 2003.
(Pub. L. 108–159, title V, §513, Dec. 4, 2003, 117 Stat. 2003.)
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