,,ii #aah? ,,congress #b;d ,session ,s4 #dbdh ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,may #b1 #bjbd,ms4 ,butl] introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to require ! ,f9ancial ,lit]acy & ,education ,commission to c>ry out a /udy on ! impact ( language b>ri]s to f9ancial heal?1 to require ! website & toll-free telephone numb] ( ! ,commission to be provid$ 9 ! mo/ commonly spok5 languages 9 ! ,unit$ ,/ates1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,multil+ual ,f9ancial ,lit]acy ,act4 #b4 ,/udy on ! impact ( language b>ri]s to f9ancial heal? 7a7 ,/udy ,! ,f9ancial ,lit]acy & ,education ,commission %all c>ry out a /udy on ! impact ( language b>ri]s on f9ancial heal?1 includ+ an analysis (1 ) respect to gr\ps ) limit$ ,engli% pr(ici5cy1 access to f9ancial lit]acy education & tra9+1 cr$it score outcomes1 ! co/ ( cr$it1 & homebuy+4 7b7 ,consultation ,9 c>ry+ out ! /udy requir$ "u subsection 7a71 ! ,f9ancial ,lit]acy & ,education ,commission %all consult ) ea* ag5cy repres5t$ 9 ! memb]%ip ( ! ,commission4 7c7 ,report ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,f9ancial ,lit]acy & ,education ,commission %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report-- 7#a7 conta9+ all f9d+s & det]m9ations made 9 c>ry+ out ! /udy requir$ "u subsection 7a72 & 7#b7 analyz+ ! ne$ = language accessibility across ! f9ancial s]vices indu/ry1 includ+ an id5tification (-- 7,a7 any indu/ry 9 :i* in=mation is provid$ solely 9 #a language2 & 7,b7 any product1 s]vice1 or o!r f9ancial (f]+ = :i* ! availability ( in=mation is limit$ beyond ,engli%4 #c4 ,language access to ,commission website & toll-free telephone numb] 7a7 ,9 g5]al ,section #ead ( ! ,f9ancial ,lit]acy & ,education ,improvem5t ,act 7#bj ,u4,s4,c4 #igjc7 is am5d$-- 7#a7 9 subsection 7b7-- 7,a7 9 p>agraph 7#b7-- 7i7 9 subp>agraph 7,d71 by /rik+ & at ! end2 7ii7 by r$esignat+ subp>agraph 7,e7 z subp>agraph 7,f72 & 7iii7 by ins]t+ aft] subp>agraph 7,d7 ! foll[+3 7,e7 be provid$ 9 at lea/ #h ( ! mo/ commonly spok5 languages 9 ! ,unit$ ,/ates1 z det]m9$ by ! ,bureau ( ! ,c5sus2 & 2 & 7,b7 by add+ at ! end ! foll[+3 7#c7 ,in=mation on language res\rces f ,f$]al ag5cies ,! website e/abli%$ "u p>agraph 7#a7 %all conta9 a sep>ate website t provides-- 7,a7 in=mation on :i* ,f$]al ag5cies provide f9ancial lit]acy & education res\rces 9 languages o!r ?an ,engli%1 includ+ a description ( :i* res\rces are available 9 :i* languages2 & 7,b7 guidance on :]e individuals c f9d ,f$]al res\rces 9 a p>ticul> language = v>i\s topic areas4 7#d7 ,translation s]vices provid$ by ! ,dep>tm5t ( ! ,treasury ,! ,secret>y ( ! ,treasury %all provide ! translation s]vices necess>y to comply ) ! language requirem5t "u p>agraph 7#b77;,e74 2 7#b7 9 subsection 7c7-- 7,a7 by /rik+ ,! ,commission & ins]t+ ! foll[+3 7#a7 ,9 g5]al ,! ,commission 2 & 7,b7 by add+ at ! end ! foll[+3 7#b7 ,language requirem5t 7,a7 ,9 g5]al ,! toll-free telephone numb] e/abli%$ "u p>agraph 7#a7 %all provide v]bal assi/ance to memb]s ( ! public 9 ea* ( ! #h mo/ commonly spok5 languages 9 ! ,unit$ ,/ates1 z det]m9$ by ! ,bureau ( ! ,c5sus4 7,b7 ,translation s]vices provid$ by ! ,dep>tm5t ( ! ,treasury ,! ,secret>y ( ! ,treasury %all provide ! /aff necess>y to comply ) ! requirem5t "u subp>agraph 7,a74 2 & 7#c7 by add+ at ! end ! foll[+3 7j7 ,language access to ,f$]al ag5cy in=mation ,! ,commission %all coord9ate & promote ef=ts ( ,f$]al ag5cies to make all f9ancial lit]acy & education res\rces ( ,f$]al ag5cies available 9 ea* ( ! #h mo/ commonly spok5 languages 9 ! ,unit$ ,/ates1 z det]m9$ by ! ,bureau ( ! ,c5sus4 4 7b7 ,effective date ,! am5dm5ts made by subsection 7a7 %all take effect on ! date t is #a ye> aft] ! date ( enactm5t ( ?is ,act4 #d4 ,policy recomm5dations ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,f9ancial ,lit]acy & ,education ,commission %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report conta9+-- 7#a7 legislative & regulatory recomm5dations on h[ to address-- 7,a7 b>ri]s to f9ancial inclusion caus$ by language b>ri]s1 includ+ ?r\gh f9ancial lit]acy education & tra9+2 & 7,b7 ! role t em]g+ te*nology & f9ancial products play 9 help+ or h>m+ communities ) limit$ ,engli% pr(ici5cy2 7#b7 a summ>y (-- 7,a7 ! actions tak5 by ! ,commission to prep>e to implem5t ! am5dm5ts made by section #c2 & 7,b7 actions tak5 by ea* ,f$]al ag5cy t is repres5t$ 9 ! memb]%ip ( ! ,commission to make f9ancial lit]acy & education res\rces ( ! ag5cy available to ! public 9 ea* ( ! #h mo/ commonly spok5 languages 9 ! ,unit$ ,/ates1 z det]m9$ by ! ,bureau ( ! ,c5sus2 & 7#c7 an e/imate ( ! co/-- 7,a7 to implem5t ! am5dm5ts made by section #c2 & 7,b7 = ea* ,f$]al ag5cy t is repres5t$ 9 ! memb]%ip ( ! ,commission1 to make f9ancial lit]acy & education res\rces ( ! ag5cy available to ! public 9 ea* ( ! #h mo/ commonly spok5 languages 9 ! ,unit$ ,/ates1 z det]m9$ by ! ,bureau ( ! ,c5sus4 #e4 ,annual report on f9ancial lit]acy ,section #ead7;h77#b7 ( ! ,f9ancial ,lit]acy & ,education ,improvem5t ,act 7#bj ,u4,s4,c4 #igjc7;h77#b77 is am5d$-- 7#a7 9 subp>agraph 7,i71 by /rik+ & at ! end2 7#b7 by r$esignat+ subp>agraph 7,j7 z subp>agraph 7,o72 & 7#c7 by ins]t+ aft] subp>agraph 7,i7 ! foll[+3 7,j7 = ! p]iod cov]$ by ! report1 a summ>y ( ! ef=ts ( ! ,commission to increase f9ancial lit]acy across all ( ! ag5cies t are repres5t$ 9 ! memb]%ip ( ! ,commission2 7,k7 an analysis ( :]e !re are f9ancial lit]acy ne$s across diff]5t gr\ps1 includ+ in=mation by age gr\p1 socioeconomic /atus1 race1 e?nicity1 & language pref]5ce2 7,l7 an analysis ( limit$ access to cr$it & disp>ate cr$it scor+ across diff]5t gr\ps1 includ+ in=mation by age gr\p1 g5d]1 sexual ori5tation1 socioeconomic /atus1 race1 e?nicity1 & language pref]5ce2 7,m7 an explanation ( h[ a lack ( f9ancial lit]acy1 sy/emic b>ri]s1 & o!r ob/acles result 9 a weal? gap across diff]5t gr\ps1 includ+ in=mation by age gr\p1 g5d]1 sexual ori5tation1 socioeconomic /atus1 race1 e?nicity1 & language pref]5ce2 7,n7 proposals & pot5tial policy solutions = address+ b>ri]s to f9ancial lit]acy1 disp>ate cr$it scor+1 & ! weal? gap2 & 4