§9707 The National Public Service Multimedia Campaign to Enhance the State of Financial Literacy

Summary

The Treasury Secretary must create and run a pilot national public service multimedia campaign to improve financial literacy in the United States, after reviewing the Commission’s recommendations and as part of the national strategy. The Secretary must pick and work with nonprofit groups that are strong at running public service campaigns and that have raised private funds to produce the campaign. The Secretary must also consult with nonprofit, public, or private groups experienced in financial education to help develop the campaign. The campaign must follow the national strategy and promote the toll-free phone number and website created under this chapter. The Secretary may make materials in languages other than English and must set up ways to measure whether people make better financial decisions. For each fiscal year with authorized funding, the Secretary must report to the Senate Committee on Banking, Housing, and Urban Affairs; the Senate Committee on Appropriations; the House Committee on Financial Services; and the House Committee on Appropriations about how the campaign is being carried out and the state of financial literacy. Up to $3,000,000 is authorized for fiscal years 2004, 2005, and 2006 for developing, producing, and distributing the pilot campaign.