123STA T . 1 76 3 PUBLIC LA W 111 – 2 4—M A Y 22 , 2 0 0 9Directo ro f t h e O ffice of F i na ncia lEdu cation of the De p art m ent of the T rea s ur y shall coordinate w ith the P resident ’ s A d v isory C ouncil on Financial L iteracy —( A ) to evaluate and compile a comprehensive summary ofalle x istin g Federal financial and economic literacy edu - cation programs , as of the time of the report
and ( B ) to prepare and su b mit a report to Congress on the findings of the evaluations . ( 2 )C ONTE NT S .—The report re q uired by this subsection shall address, at a minimum— (A) the 2 0 0 8 recommendations of the President’s Advisory Council on Financial Literacy; (B) existing Federal financial and economic literacy education programs for grades k indergarten through grade 1 2, and annual funding to support these programs; (C) existing Federal postsecondary financial and eco- nomic literacy education programs and annual funding to support these programs; (D) the current financial and economic literacy edu- cation needs of adults, and in particular, low- and mod- erate-income adults; (E) ways to incorporate and disseminate best practices and high quality curricula in financial and economic lit- eracy education; and (F) specific recommendations on sources of revenue to support financial and economic literacy education activi- ties with a specific analysis of the potential use of credit card transaction fees. (b) S T RA TE GIC P L AN.— (1) I N GENERAL.—The Secretary of Education and the Director of the Office of Financial Education of the Department of the Treasury shall coordinate with the President’s Advisory Council on Financial Literacy to develop a strategic plan to improve and expand financial and economic literacy education. (2) CONTENTS.—The plan developed under this subsection shall— (A) incorporate findings from the report and evalua- tions of existing Federal financial and economic literacy education programs under subsection (a); and (B) include proposals to improve, expand, and support financial and economic literacy education based on the findings of the report and evaluations. ( 3 ) PRESENTATION TO CONGRESS.—The plan developed under this subsection shall be presented to Congress not later than 6 months after the date on which the report under sub- section (a) is submitted to Congress. (c) E F FECTI V E DATE.— N otwithstanding section 3, this section shall become effective on the date of enactment of this Act. SEC.51 1. F E D E RALT RADE C OM M I SSIO N R U LEMA K IN G ON MORTGAGE LENDING. (a) IN G ENERAL.—Section 626 of division D of the Omnibus Appropriations Act, 200 9 (Public Law 111 – 8) is amended— (1) in subsection (a)— (A) by striking ‘ ‘ W ithin’’ and inserting ‘‘(1) Within’’; (B) in paragraph (1), as designated by subparagraph (A), by inserting after the first sentence the following
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