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Financial Support for Individuals with Language Barriers

This act aims to facilitate access to financial information for individuals who are not fluent in English. It will make government financial resources available in multiple languages, helping citizens better manage their money and make informed financial decisions.
Key points
The government will study how language barriers affect access to financial education, credit scores, and homebuying.
The Financial Literacy and Education Commission's website and toll-free number will be available in at least 8 most commonly spoken languages in the U.S.
Federal agencies will coordinate efforts to make their financial materials available in multiple languages.
Annual reports will include analyses of financial literacy needs across various demographic groups, including those with language preferences.
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Additional Information
Print number: 117_HR_8880
Sponsor: Rep. Garcia, Sylvia R. [D-TX-29]
Process start date: 2022-09-19