Financial Literacy Enhancement Act

Financial Literacy Enhancement Act - Directs the Secretary of the Treasury to develop, implement, and conduct a pilot national public service multimedia campaign to enhance the state of financial literacy in the United States.

[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3294 Introduced in House (IH)]







108th CONGRESS
  1st Session
                                H. R. 3294

To require the Secretary of the Treasury to establish a pilot national 
 public service multimedia campaign to enhance the state of financial 
                     literacy in the United States.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 15, 2003

 Mr. Dreier (for himself, Mr. Bachus, Mrs. Biggert, Mr. Hinojosa, Mr. 
    Kanjorski, Mrs. Kelly, Mr. Oxley, Mr. Pomeroy, and Mr. Scott of 
   Georgia) introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To require the Secretary of the Treasury to establish a pilot national 
 public service multimedia campaign to enhance the state of financial 
                     literacy in the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Financial Literacy Enhancement 
Act''.

SEC. 2. PILOT NATIONAL PUBLIC SERVICE MULTIMEDIA CAMPAIGN TO ENHANCE 
              THE STATE OF FINANCIAL LITERACY.

    (a) In General.--The Secretary of the Treasury, or a designee of 
the Secretary, shall develop, implement, and conduct a pilot national 
public service multimedia campaign to enhance the state of financial 
literacy in the United States.
    (b) Program Requirements.--
            (1) Public service campaign.--The Secretary, or a designee 
        of the Secretary, shall select and work with an organization 
        that is especially well-qualified in the distribution of public 
        service campaigns and has secured private sector funds to 
        produce the campaign.
            (2) Development of multimedia campaign.--The Secretary, or 
        a designee of the Secretary, shall select and work with 
        nonprofit, public, or private organizations that are especially 
        well qualified by virtue of their education, training, or 
        experience in the field of financial education to develop the 
        financial literacy national public service multimedia campaign.
            (3) Focus of campaign.--The pilot national public service 
        multimedia campaign shall focus on any target audience 
        identified by the Secretary.
    (c) Authorization of Appropriations.--There are authorized to be 
appropriated to the Secretary of the Treasury 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.
    (d) Performance Measures.--The Secretary of the Treasury shall 
develop measures to evaluate the performance of the pilot national 
public service multimedia campaign that take into account the 
effectiveness of the campaign.
    (e) Report.--For each fiscal year for which there are 
appropriations pursuant to the authorization in subsection (c), the 
Secretary of the Treasury shall submit a report to the Congress 
describing the status and implementation of the provisions of this Act 
and the state of financial literacy in the United States.
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