Oversight

The Federal Government’s Role in Empowering Americans to Make Informed Financial Decisions 042909

Date: April 29, 2009
Time: 2:30pm
Agenda:

Government and private studies, statistics, and national surveys indicate that far too many Americans of all ages lack the knowledge and skills necessary to make informed decisions regarding their personal finances. Without a sufficient understanding of economics and personal finance, individuals will not be able to manage their finances appropriately, effectively evaluate credit opportunities, successfully invest for long-term financial goals, or be able to cope with difficult financial situations. This hearing will review the progress of the activities of the Financial Literacy and Education Commission, and examine the effectiveness of federal financial education programs.

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Witnesses

Panel 1

The Honorable

John

Berry

Director

U.S. Office of Personnel Management

Panel 1

Mr.

James H.

Shelton, III

Assistant Deputy Secretary

U.S. Department of Education

Panel 1

Mr.

Arthur J.

Myers

Principal Deputy and Acting Under Secretary of Defense for Military Community and Family Policy

U.S. Department of Defense

Panel 1

Ms.

Sandra F.

Braunstein

Director

Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System

Panel 1

Richard J.

Hillman

Director

Financial Markets and Community Investment Team, U.S. Government Accountability Office

Panel 2

Dr.

Robert F.

Duvall

President and CEO

The National Council on Economic Education

Panel 2

Mr.

Dallas L.

Salisbury

President and CEO

Employee Benefit Research Institute