Request for Comments: President’s Advisory Council on Financial Capability Proposed (Due 9/22)

You still have time to comment  on the proposed President’s Advisory Council on Financial Capability. Note: Email comments are acceptable (see email address below).

Comments are due September 22.  See item from the Federal Register below or go to  http://www.gpo.gov/fdsys/pkg/FR-2011-09-01/html/2011-22435.htm.

[Federal Register Volume 76, Number 170 (Thursday, September 1, 2011)]
[Notices]
[Page 54534]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-22435]

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DEPARTMENT OF THE TREASURY

President’s Advisory Council on Financial Capability Proposed
Themes and Principles; Request for Comment

AGENCY: Department of the Treasury.

ACTION: Notice of request for public comment.

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SUMMARY: The Department of the Treasury, on behalf of the President’s
Advisory Council on Financial Capability (“Council”), invites public
comment on the Council’s proposed themes and principles for
recommendations presented at the Council’s July 21, 2011, meeting.
Established by Executive Order on January 29, 2010, the role of the
Council is to advise the President and the Secretary of the Treasury on
means to promote and enhance individuals’ and families’ financial
capability.

DATES: Submission of comments is requested by September 22, 2011.

Submission of Written Statements: The public is invited to submit
written comments to the Council. Written comments should be sent by any
one of the following methods:

Electronic Comments

E-mail ofe@treasury.gov; or

Paper Comments

The Department of the Treasury, Office of Financial Education and
Financial Access, Main Treasury Building, 1500 Pennsylvania Avenue,
NW., Washington, DC 20220.

In general, the Department will make all comments available in
their original format, including any business or personal information
provided such as names, addresses, e-mail addresses, or telephone
numbers, for public inspection and photocopying in the Department’s
library, Room 1428, Main Department Building, 1500 Pennsylvania Avenue,
NW., Washington, DC, 20220, on official business days between the hours
of 10 a.m. and 5 p.m. You can make an appointment to inspect comments
by calling (202) 622-0990. All comments received, including attachments
and other supporting materials, are part of the public record and
subject to public disclosure. You should only submit comments that you
wish to make publicly available.

FOR FURTHER INFORMATION CONTACT: Dubis Correal, Director, Office of
Financial Education, Department of the Treasury, 1500 Pennsylvania
Avenue, NW., Washington, DC 20220, at (202) 622-5770 or
ofe@treasury.gov.

SUPPLEMENTARY INFORMATION: On January 29, 2010, the President signed
Executive Order 13530, creating the Council to assist the American
people in understanding financial matters and making informed financial
decisions, thereby contributing to financial stability. The Council is
composed of two ex officio Federal officials and 11 non-governmental
members appointed by the President with relevant backgrounds, such as
financial services, consumer protection, financial access, and
education. The role of the Council is to advise the President and the
Secretary of the Treasury (“Secretary”) on means to promote and
enhance individuals’ and families’ financial capability. The Council
held its first meeting on November 30, 2010, its second on April 21,
2011, and its third on July 12, 2011. At the July 12 meeting, the
Council outlined five guiding principles based on the current state of
financial education and access, to serve as an aid to the Council in
making its final recommendations to the President and the Secretary.

Also on July 12, the Council identified three themes. Together, the
principles and themes will serve as the framework for the final
recommendations the Council will make to the President and the
Secretary. The Council also believes there are many alternative tactics
that can be used to achieve the goals expressed in the themes. In
particular, the Council is interested in approaches that have proven to
be effective in advancing the three themes and can be scaled up. Please
include examples and associated research supporting the effectiveness
of the approaches. Each of the Council subcommittees (Access,
Partnerships, Research and Evaluation, and Youth) will review the
timely submitted comments to inform their recommendations to the full
Council.

Request for Comments: Comments are requested on both the themes and
principles, and tactics that will achieve their goals. In particular,
the Council is interested in approaches that have proven to be
effective in advancing the three themes and can be scaled up.
Commenters are urged to keep comments succinct and relevant to the
content expressed by the themes and principles; therefore we request
responses no longer than three pages.

The themes and principles are posted on the Department’s Web site: http://www.treasury.gov/resource-center/financial-education/Pages/July122011.aspx.

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