1 ______________________________
2 Councilmember Trayon White, Sr.
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5 A BILL
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7 ___________
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10 IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
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12 ________________________
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14 To amend the Financial Literacy Council Establishment Act of 2007 to establish a financial
15 literacy resource and accessibility program.
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17 BE IT ENACTED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
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19 act may be cited as the “Financial Literacy Resource and Accessibility Amendment Act of
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21 2024”.
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23 Section 2: The Financial Literacy Council Establishment Act of 2007, effective August
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25 15, 2008 (D.C. Law 17-209, D.C. Official Code § 38-731.01 et seq.), is amended as follows:
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27 (a) A new section 7 is added to read as follows:
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29 “Sec. 7. Financial Literacy Resources and Accessibility
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31 (a) The District of Columbia shall establish a program that provides both online
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33 and in-person access to financial resource information.
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35 “(b) The program shall be:
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37 “(1) Piloted for at least 2 years;
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39 “(2) Available both online and in-person;
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41 “(3) Promoted through agencies that provide services to District residents;
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43 “(4) Promoted through agency websites that provide services to District
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45 residents;
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47 “(c) The program standards shall cover the following, at a minimum:
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49 “(1) The types of financial institutions available and their resources
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51 offered;
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53 “(2) An explanation of checking and savings accounts, fees and debit card
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55 usage;
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57 “(3) An explanation of the best uses for these resources and the benefits to
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59 be gained;
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61 “(4) The locations and contact information for classes whether in person or
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63 on-line for financial literacy education from youth to adult;
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65 “(5) An explanation of the value of financial literacy education and the
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67 benefits to be gained;
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69 “(6) Assistance accessing financial literacy resources whether online
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71 access or transportation to in-person resources;
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73 “(7) Resources providing access to financial resources for education, home
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75 ownership, car purchase, rent and utility assistance;
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77 “(8) Prioritize bringing awareness through billboard ads and public service
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79 announcement to accessibility for resources that provide financial assistance and
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81 literacy;
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83 “(d) The Financial Literacy Council shall develop a means for evaluating the
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85 effectiveness of the accessibility to financial literacy program;
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87 “(e) The Financial Literacy Council shall participate in periodic hearings, briefings, and
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89 meetings with the Council of the District of Columbia to provide updates and respond to
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91 inquiries regarding the progress of the financial literacy and resource accessibility program.
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 93 Section 3. Fiscal impact statement.
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95 The Council adopts the fiscal impact statement in the committee report as the fiscal
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97 impact statement required by section 602(c)(3) of the District of Columbia Home Rule Act,
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99 approved December 24, 1973 (87 Stat. 813; D.C. Official Code § 1-206.02(c)(3)).
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101 Section 4. Effective date.
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103 This act shall take effect following approval by the Mayor (or in the event of veto by the
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105 Mayor, action by the Council to override the veto), a 30-day period of Congressional review as
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107 provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December
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109 24, 1973 (87 Stat. 813: D.C. Official Code § 1-206.02(c)(1)) and publication in the District of
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111 Columbia Register.
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