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.
The Secretary of the Treasury shall serve as the Chairperson. The Director of the Bureau of Consumer Financial Protection shall serve as the Vice Chairman.
A majority of the members of the Commission shall constitute a quorum, but a lesser number of members may hold hearings.
The Commission shall hold its first meeting not later than 60 days after December 4, 2003.