Page:United States Statutes at Large Volume 117.djvu/2026

 PUBLIC LAW 108–159—DEC. 4, 2003

117 STAT. 2007

(E) information concerning the content and public use of— (i) the website established under subsection (b); and (ii) the toll-free telephone number established under subsection (c); (F) a brief survey of the financial literacy and education materials developed under subsection (d), and data regarding the dissemination and impact of such materials, as measured by improved financial decisionmaking; (G) a brief summary of any hearings conducted by the Commission, including a list of witnesses who testified at such hearings; (H) information about the activities of the Commission planned for the next fiscal year; (I) a summary of all Federal financial literacy and education activities targeted to communities that have historically lacked access to financial literacy materials and education, and have been underserved by the mainstream financial systems; and (J) such other materials relating to the duties of the Commission as the Commission deems appropriate. (3) INITIAL REPORT.—The initial report under paragraph (1) shall include information regarding all Federal programs, materials, and grants which seek to improve financial literacy, and assess the effectiveness of such programs. (i) TESTIMONY.—The Commission shall annually provide testimony by the Chairperson to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives. SEC. 515. POWERS OF THE COMMISSION.

20 USC 9704.

(a) HEARINGS.— (1) IN GENERAL.—The Commission shall hold such hearings, sit and act at such times and places, take such testimony, and receive such evidence as the Commission deems appropriate to carry out this title. (2) PARTICIPATION.—In hearings held under this subsection, the Commission shall consider inviting witnesses from, among other groups— (A) other Federal Government officials; (B) State and local government officials; (C) consumer and community groups; (D) nonprofit financial literacy and education groups (such as those involved in personal finance and economic education); and (E) the financial services industry. (b) INFORMATION FROM FEDERAL AGENCIES.—The Commission may secure directly from any Federal department or agency such information as the Commission considers necessary to carry out this title. Upon request of the Chairperson, the head of such department or agency shall furnish such information to the Commission. (c) PERIODIC STUDIES.—The Commission may conduct periodic studies regarding the state of financial literacy and education in the United States, as the Commission determines appropriate. (d) MULTILINGUAL.—The Commission may take any action to develop and promote financial literacy and education materials

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