Financial Literacy Education Commission Emergency Response Act

I 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 hard- ship as a result of the COVID–19 emergency, and for other purposes. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Financial Literacy 4 Education Commission Emergency Response Act’’. 5 VerDate Sep 11 2014 00:42 Apr 09, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H6350.IH H6350 PAMTMANN on DSKBC07HB2PROD with BILLS 2 •HR 6350 IH SEC. 2. PURPOSE. 1 The purpose of this Act is to provide financial literacy 2 education, including information on access to banking 3 services and other financial products, for individuals seek- 4 ing information and resources as they recover from any 5 financial distress caused by the coronavirus disease 6 (COVID–19) outbreak and future major disasters. 7 SEC. 3. FINANCIAL LITERACY AND EDUCATION COMMIS- 8 SION RESPONSE TO THE COVID–19 EMER- 9 GENCY. 10 (a) SPECIAL MEETING.—Not later than the end of 11 the 60-day period beginning on the date of enactment of 12 this Act, the Financial Literacy and Education Commis- 13 sion (the ‘‘Commission’’) shall convene a special meeting 14 to discuss and plan assistance related to the financial im- 15 pacts of the COVID–19 emergency. 16 (b) UPDATE OF THE COMMISSION’S WEBSITE.— 17 (1) IN GENERAL.—Not later than the end of 18 the 60-day period beginning on the date of enact- 19 ment of this Act, the Commission shall update the 20 website of the Commission with a full list of tools to 21 help individuals recover from any financial hardship 22 as a result of the COVID–19 emergency. 23 (2) SPECIFIC REQUIREMENTS.—In performing 24 the update required under paragraph (1), the Com- 25 mission shall— 26 VerDate Sep 11 2014 00:42 Apr 09, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H6350.IH H6350 PAMTMANN on DSKBC07HB2PROD with BILLS 3 •HR 6350 IH (A) place special emphasis on providing an 1 additional set of tools geared towards women, 2 racial and ethnic minorities, veterans, disabled, 3 and LGBTQ+ communities; and 4 (B) provide information in English and 5 Spanish. 6 (3) INFORMATION FROM MEMBERS.—Not later 7 than the end of the 60-day period beginning on the 8 date of enactment of this Act, each Federal depart- 9 ment or agency that is a member of the Commission 10 shall provide an update on the website of the Com- 11 mission disclosing any tools that the department or 12 agency is offering to individuals or to employees of 13 the department or agency related to the COVID–19 14 emergency. 15 (c) IMPLEMENTATION REPORT TO CONGRESS.—The 16 Secretary of the Treasury and the Director of the Bureau 17 of Consumer Financial Protection shall, jointly and not 18 later than the end of the 30-day period following the date 19 on which the meeting required under subsection (a) is held 20 and all updates required under subsection (b) have been 21 completed, report to Congress on the implementation of 22 this Act. 23 (d) COVID–19 EMERGENCY DEFINED.—In this sec- 24 tion, the term ‘‘COVID-19 emergency’’ means the emer- 25 VerDate Sep 11 2014 00:42 Apr 09, 2020 Jkt 099200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H6350.IH H6350 PAMTMANN on DSKBC07HB2PROD with BILLS 4 •HR 6350 IH gency declared on March 13, 2020, by the President under 1 the Robert T. Stafford Disaster Relief and Emergency As- 2 sistance Act (42 U.S.C. 4121 et seq.) relating to the 3 Coronavirus Disease 2019 (COVID-19) pandemic. 4 Æ VerDate Sep 11 2014 00:42 Apr 09, 2020 Jkt 099200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6301 E:\BILLS\H6350.IH H6350 PAMTMANN on DSKBC07HB2PROD with BILLS