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20 U.S.C. § 9707 — The national public service multimedia campaign to enhance the state of financial literacy

submitted 23 years ago by Pub. L. 108-159 to r/title-20-EDUCATION · 364 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Treasury Secretary must create and run a pilot national public-service multimedia campaign to improve financial literacy and education. The campaign must follow the national strategy, promote the chapter’s toll-free number and website, use effectiveness measures, and follow the reporting and funding rules stated here.

(a) As part of the national strategy and after reviewing the Commission’s recommendations, the Treasury Secretary must develop, implement, and conduct a pilot national public-service multimedia campaign to improve financial literacy and education in the United States.

(b)(1) After reviewing the Commission’s recommendations, the Secretary must choose and work with one or more nonprofit organizations especially qualified to distribute public-service campaigns and that have obtained private-sector funding to produce the campaign.

(2) After reviewing the recommendations, the Secretary must develop the campaign in consultation with nonprofit, public, or private organizations, especially organizations with relevant financial-literacy and education experience.

(3) The campaign must be consistent with the national strategy and promote the toll-free telephone number and website developed under this chapter.

(c) The Secretary may develop the campaign in languages other than English when the Secretary considers that appropriate.

(d) The Secretary must create measures to evaluate how effective the campaign is, measured by improved financial decision-making by individuals.

(e) For each fiscal year with appropriations under subsection (f), the Secretary must report to the Senate Committees on Banking, Housing, and Urban Affairs and on Appropriations, and the House Committees on Financial Services and on Appropriations, describing this section’s status and implementation and the state of financial literacy and education in the United States.

(f) Congress may appropriate no more than $3,000,000 for fiscal years 2004, 2005, and 2006 for developing, producing, and distributing the pilot campaign.

the actual law source: uscode.house.gov ↗public domain
(a) In general

The Secretary of the Treasury (in this section referred to as the “Secretary”), after review of the recommendations of the Commission, as part of the national strategy, shall develop, implement, and conduct a pilot national public service multimedia campaign to enhance the state of financial literacy and education in the United States.

(b) Program requirements
(1) Public service campaign

The Secretary, after review of the recommendations of the Commission, shall select and work with a nonprofit organization or organizations that are especially well-qualified in the distribution of public service campaigns, and have secured private sector funds to produce the pilot national public service multimedia campaign.

(2) Development of multimedia campaign

The Secretary, after review of the recommendations of the Commission, shall develop, in consultation with nonprofit, public, or private organizations, especially those that are well qualified by virtue of their experience in the field of financial literacy and education, to develop the financial literacy national public service multimedia campaign.

(3) Focus of campaign

The pilot national public service multimedia campaign shall be consistent with the national strategy, and shall promote the toll-free telephone number and the website developed under this chapter.

(c) Multilingual

The Secretary may develop the multimedia campaign in languages other than English, as the Secretary deems appropriate.

(d) Performance measures

The Secretary shall develop measures to evaluate the effectiveness of the pilot national public service multimedia campaign, as measured by improved financial decision making among individuals.

(e) Report

For each fiscal year for which there are appropriations pursuant to the authorization in subsection (e),1 the Secretary shall submit a report to the Committee on Banking, Housing, and Urban Affairs and the Committee on Appropriations of the Senate and the Committee on Financial Services and the Committee on Appropriations of the House of Representatives, describing the status and implementation of the provisions of this section and the state of financial literacy and education in the United States.

(f) Authorization of appropriations

There are authorized to be appropriated to the Secretary, not to exceed $3,000,000 for fiscal years 2004, 2005, and 2006, for the development, production, and distribution of a pilot national public service multimedia campaign under this section.

Source credit: (Pub. L. 108–159, title V, § 518, Dec. 4, 2003, 117 Stat. 2009.)

history & why it existsrecord from the source credit
  • 2003Enacted · Pub. L. 108-159 · 117 Stat. 2009

A history note hasn’t been published yet. The record shows enactment by Pub. L. 108-159 on 2003-12-04.

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