The Financial Literacy and Education Commission (FLEC) stands as a beacon of financial empowerment in the United States. Established under the Fair and Accurate Credit Transactions Act of 2003, this commission is a collaborative effort to enhance the financial knowledge of all Americans. With a vision of sustained financial well-being for individuals and families, the FLEC sets the strategic direction for policy, education, practice, research, and coordination in the field of financial literacy.
The commission is chaired by the Secretary of the Treasury and co-chaired by the Director of the Bureau of Consumer Financial Protection. Coordination is handled by the Department of the Treasury’s Office of Consumer Policy. This unique structure ensures a comprehensive approach to financial education, leveraging the expertise of multiple federal agencies.
The Commission’s Vision and Mission
The FLEC’s vision is to foster a nation where every individual and family can make informed financial decisions. This vision is supported by a mission to provide strategic direction and coordination among federal agencies to improve financial literacy and education. The commission’s efforts are aimed at ensuring that all Americans have the knowledge and skills necessary to achieve financial empowerment.
The FLEC’s strategic focus includes policy development, education initiatives, research, and coordination among federal agencies. By setting clear goals and objectives, the commission works to create a cohesive strategy that addresses the financial education needs of diverse populations across the country.
Members of the Financial Literacy and Education Commission
The FLEC is composed of the heads of 24 federal agencies, each bringing unique expertise and resources to the table. These agencies include the Department of the Treasury, Consumer Financial Protection Bureau, Commodity Futures Trading Commission, Department of Agriculture, Department of Defense, Department of Education, Department of Health and Human Services, Department of Housing and Urban Development, Department of Interior, Department of Labor, Department of Veterans Affairs, Federal Deposit Insurance Corporation, Federal Emergency Management Agency, Federal Housing Finance Agency, Federal Reserve Board, Federal Trade Commission, General Services Administration, National Credit Union Administration, Office of the Comptroller of the Currency, Office of Personnel Management, Small Business Administration, Securities and Exchange Commission, Social Security Administration, and the White House Domestic Policy Council.
This diverse membership ensures that the FLEC’s initiatives are well-rounded and address a wide range of financial education topics. From consumer protection to financial aid for higher education, the commission’s efforts are comprehensive and far-reaching.
Upcoming Public Meeting
The next public meeting of the FLEC is scheduled for July 27, 2026, at 1:00 PM Eastern Time. The meeting will be chaired by Secretary of the Treasury Scott Bessent and will be webcast live. This event provides an opportunity for the public to stay informed about the commission’s activities and initiatives.
To accommodate all participants, the meeting will be webcast, and no registration is required to view it. For those needing reasonable accommodations or communication access services, such as Communication Access Real-Time Translation (CART) or sign language interpretation, please contact [email protected].
Stay updated on the latest FLEC activities by subscribing to the Financial Education and Capability updates. This subscription service ensures that you receive notifications about upcoming meetings and other important announcements.
Resources and Reports
The FLEC has published numerous resources and reports to support its mission of financial education. These include annual reports to Congress, which highlight the commission’s activities and achievements. The most recent report, the Strategy for Assuring Financial Empowerment (SAFE) Report for Fiscal Year 2026, outlines the commission’s efforts to improve financial literacy and education.
In addition to annual reports, the FLEC has developed a variety of resources to support financial education initiatives. These resources include guides for financial institutions and youth employment programs, as well as tools for higher education institutions to enhance financial literacy among students. The commission’s website, MyMoney.gov, serves as a one-stop shop for federal financial literacy and education programs, grants, and other information.
The FLEC’s commitment to financial education is evident in its extensive collection of resources and reports. By providing access to these materials, the commission empowers individuals and families to make informed financial decisions and achieve sustained financial well-being.
