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20 U.S.C. § 9701 — Definitions
Federal law — U.S. Code and appendices · legal_authorities
As used in this chapter—
(1) the term “Chairperson” means the Chairperson of the Financial Literacy and Education Commission; and
(2) the term “Commission” means the Financial Literacy and Education Commission established under [section 9702 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section9702&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 20 U.S.C. § 9701
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Source file: Laws/federal/codes/united-states-code/title-20/section-9701-definitions--e611c2a911.md
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Source location: Title 20, Chapter 77, § 9701; chapter-077-financial-literacy-and-education-improvement.md
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As used in this chapter—
(1) the term “Chairperson” means the Chairperson of the Financial Literacy and Education Commission; and
(2) the term “Commission” means the Financial Literacy and Education Commission established under [section 9702 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section9702&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Accuracy and fairness of credit reporting** The Congress makes the following findings:
(1) The banking system is dependent upon fair and accurate credit reporting. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning of the banking system.
(2) An elaborate mechanism has been developed for investigating and evaluating the credit worthiness, credit standing, credit capacity, character, and general reputation of consumers.
(3) Consumer reporting agencies have assumed a vital role in assembling and evaluating consumer credit and other information on consumers.
(4) There is a need to insure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and a respect for the consumer’s right to privacy.
**(b) Reasonable procedures** It is the purpose of this subchapter to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit, personnel, insurance, and other information in a manner which is fair and equitable to the consumer, with regard to the confidentiality, accuracy, relevancy, and proper utilization of such information in accordance with the requirements of this subchapter.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1681
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** There is established a commission to be known as the “Financial Literacy and Education Commission”.
**(b) Purpose** The Commission shall serve to improve the financial literacy and education of persons in the United States through development of a national strategy to promote financial literacy and education.
**(c) Membership**
(1) **Composition** — The Commission shall be composed of—
(A) the Secretary of the Treasury;
(B) the respective head of each of the Federal banking agencies (as defined in [section 1813 of title 12](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1813&num=0&edition=prelim)), the National Credit Union Administration, the Securities and Exchange Commission, each of the Departments of Education, Agriculture, Defense, Health and Human Services, Housing and Urban Development, Labor, and Veterans Affairs, the Federal Trade Commission, the General Services Administration, the Small Business Administration, the Social Security Administration, the Commodity Futures Trading Commission, and the Office of Personnel Management;
(C) the Director of the Bureau of Consumer Financial Protection; and
(D) at the discretion of the President, not more than 5 individuals appointed by the President from among the administrative heads of any other Federal agencies, departments, or other Federal Government entities, whom the President determines to be engaged in a serious effort to improve financial literacy and education.
(2) **Alternates** — Each member of the Commission may designate an alternate if the member is unable to attend a meeting of the Commission. Such alternate shall be an individual who exercises significant decisionmaking authority.
**(d) Chairperson** The Secretary of the Treasury shall se
Source: Supplied U.S. Code snapshot — release unconfirmed · 20 U.S.C. § 9702
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Federal law — U.S. Code and appendices · legal_authorities
In this chapter:
(1) **Administrator.—** — The term “Administrator” means the Administrator of General Services.
(2) **Advisory committee.—**
(A) *In general.—* — The term “advisory committee” means a committee, board, commission, council, conference, panel, task force, or other similar group, or any subcommittee or other subgroup thereof (hereafter in this paragraph referred to as “committee”) that is established or utilized to obtain advice or recommendations for the President or one or more agencies or officers of the Federal Government and that is—
(i) established by statute or reorganization plan;
(ii) established or utilized by the President; or
(iii) established or utilized by one or more agencies.
(B) *Exclusions.—* — The term “advisory committee” excludes—
(i) a committee that is composed wholly of full-time, or permanent part-time, officers or employees of the Federal Government; and
(ii) a committee that is created by the National Academy of Sciences or the National Academy of Public Administration.
(3) **Agency.—** — The term “agency” has the meaning given the term in [section 551 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section551&num=0&edition=prelim).
(4) **Presidential advisory committee.—** — The term “Presidential advisory committee” means an advisory committee that advises the President.
Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 1001
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Informed use of credit** The Congress finds that economic stabilization would be enhanced and the competition among the various financial institutions and other firms engaged in the extension of consumer credit would be strengthened by the informed use of credit. The informed use of credit results from an awareness of the cost thereof by consumers. It is the purpose of this subchapter to assure a meaningful disclosure of credit terms so that the consumer will be able to compare more readily the various credit terms available to him and avoid the uninformed use of credit, and to protect the consumer against inaccurate and unfair credit billing and credit card practices.
**(b) Terms of personal property leases** The Congress also finds that there has been a recent trend toward leasing automobiles and other durable goods for consumer use as an alternative to installment credit sales and that these leases have been offered without adequate cost disclosures. It is the purpose of this subchapter to assure a meaningful disclosure of the terms of leases of personal property for personal, family, or household purposes so as to enable the lessee to compare more readily the various lease terms available to him, limit balloon payments in consumer leasing, enable comparison of lease terms with credit terms where appropriate, and to assure meaningful and accurate disclosures of lease terms in advertisements.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1601
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary of the Treasury (in this section referred to as the “Secretary”), in coordination with the Secretary of Education, the Secretary of Agriculture (with respect to land-grant colleges and universities), and any other appropriate agency that is a member of the Financial Literacy and Education Commission established under the Financial Literacy and Education Improvement Act ([20 U.S.C. 9701](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section9701&num=0&edition=prelim) et seq.), shall seek to enhance financial literacy among students at covered educational institutions through—
(1) the development of initiatives, programs, and curricula that improve student awareness of the short- and long-term costs associated with education loans and other debt assumed while in college, their repayment obligations, and their rights as borrowers; and
(2) assisting such students in navigating the financial aid process.
**(b) Duties** For purposes of this section, the Secretary, working in conjunction with the Secretary of Education, the Secretary of Agriculture, and the Financial Literacy and Education Commission, shall—
(1) identify programs that promote or enhance financial literacy for college students, with specific emphasis on programs that impart the knowledge and ability for students to best navigate the financial aid process, including those that involve partnerships between nonprofit organizations, colleges and universities, State and local governments, and student organizations;
(2) evaluate the effectiveness of such programs in terms of measured results, including positive behavioral change among college students;
(3) promote the programs identified as being the most effective; and
(4) encourage covered educational in
Source: Supplied U.S. Code snapshot — release unconfirmed · 20 U.S.C. § 9709
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Federal law — U.S. Code and appendices · legal_authorities
Page 1742
TITLE 20—EDUCATION
§ 9701
(i) a comprehensive and detailed report
of the Center’s operations, activities, fi-
nancial condition, and accomplishments,
and such recommendations as the Director
determines appropriate;
(ii) evidence of coordination with the De-
partment
of
Education,
the
National
Science Foundation, Office of the Assist-
ant Secretary of Defense for Research and
Engineering in the Department of Defense,
and other related Federal agencies to
carry out the operations and activities of
the Center;
(iii) a comprehensive and detailed inven-
tory of funds distributed from the Center
during the fiscal year for which the report
is being prepared; and
(iv) an independent audit of the Center’s
finances and operations, and of the imple-
mentation of the goals established by the
Board.
(C) Statement of the Board
Each report under subparagraph (A) shall
include a statement from the Board con-
taining—
(i) a clear description of the plans and
priorities of the Board for the subsequent
year for activities of the Center; and
(ii) an estimate of the funds that will be
expended by the Center for such year.
(2) Testimony
The Director and principal officers of the
Center shall testify before the authorizing
committees and the Committees on Appropria-
tions of the House of Representatives and the
Senate, upon request of such committees, with
respect to—
(A) any report required under paragraph
(1)(A); and
(B) any other matter that such commit-
tees may determine appropriate.
(h) Use of funds subject to appropriations
The authority to award grants, enter into con-
tracts, or otherwise expend funds under this sec-
tion is subject to the availability of amounts de-
posited into the Center under subsection (c), or
amounts otherwise appr
Source: Supplied 2024 U.S. Code historical extraction · 20 U.S.C. § 9701
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