20 U.S.C. § 9704: Powers of the Commission

Summary

The Commission must hold hearings, meet when and where needed, and collect testimony and evidence to do its work. It should invite witnesses from federal, state, and local officials, consumer and community groups, nonprofit financial education groups, and the financial services industry. The Commission can get information directly from federal agencies, and agency heads must provide it when the Chair asks. It may do regular studies on U.S. financial literacy and make materials in other languages, including the website (section 9703(b)), the toll-free number (9703(c)), and the materials (9703(d)).

Title 20, §9704

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(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 chapter.

(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 chapter. 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 in languages other than English, as the Commission deems appropriate, including for the website established under section 9703(b) of this title, at the toll-free number established under section 9703(c) of this title, and in the materials developed and disseminated under section 9703(d) of this title.

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Effective Date

Section subject to joint

Regulations

establishing

Effective Date

s as prescribed by Federal Reserve Board and Federal Trade Commission, except as otherwise provided, see section 3 of Pub. L. 108–159, set out as an

Effective Date

of 2003 Amendment note under section 1681 of Title 15, Commerce and Trade. Definitions For definitions of terms used in this section, see section 2 of Pub. L. 108–159, set out as a note under section 1681 of Title 15, Commerce and Trade.

§9704 Powers of the Commission

Summary

Title 20, §9704

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Effective Date

Regulations

Effective Date

Effective Date

Citations & Metadata