Comment Request for the Financial Literacy and Education Commission on the Draft National Strategy Update, Entitled Promoting Financial Success: National Strategy for Financial Literacy Update, 21445-21447 [2016-08227]

Download as PDF Federal Register / Vol. 81, No. 69 / Monday, April 11, 2016 / Notices guidelines will be reimbursed. In accordance with Department of Treasury Directive 21–03, a clearance process including fingerprints, annual tax checks, a Federal Bureau of Investigation criminal check and a practitioner check with the Office of Professional Responsibility will be conducted. DEPARTMENT OF TREASURY Internal Revenue Service Electronic Tax Administration Advisory Committee (ETAAC); Nominations Internal Revenue Service, Department of Treasury. ACTION: Request for nominations. AGENCY: The Internal Revenue Service (IRS) requests applications of individuals to be considered for selection as members of the Electronic Tax Administration Advisory Committee (ETAAC). Nominations should describe and document the proposed member’s qualification for ETAAC membership, including the applicant’s knowledge of regulations and the applicant’s past or current affiliations and dealings with the particular tax segment or segments of the community that the applicant wishes to represent on the council. Applications will be accepted for current vacancies from qualified individuals and from professional and public interest groups that wish to have representation on ETAAC. Submissions must include an application and resume. ETAAC provides continuing input into the development and implementation of the IRS organizational strategy for electronic tax administration. The ETAAC will provide an organized public forum for discussion of electronic tax administration issues such as prevention of identity theft and refund fraud in support of the overriding goal that paperless filing should be the preferred and most convenient method of filing tax and information returns. The ETAAC members will convey the public’s perceptions of IRS electronic tax administration activities, offer constructive observations about current or proposed policies, programs and procedures, and suggest improvements. The IRS seeks a diverse group of individuals with experience in: Cybersecurity and information security, tax software development, tax preparation, payroll and tax financial product processing, systems management and improvement, implementation of customer service initiatives, consumer advocacy and public administration. This is a volunteer position and members will serve a three-year term on the ETAAC to allow for a rotation in membership which ensures that different perspectives are represented. Travel expenses within government mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:37 Apr 08, 2016 Jkt 238001 Written nominations must be received on or before May 11, 2016. ADDRESSES: Nominations should be sent to: Michael Deneroff, IRS National Public Liaison, CL:NPL:SRM, Room 7559, 1111 Constitution Avenue NW., Washington, DC 20224, Attn: ETAAC Nominations. Applications may also be submitted via fax to 855–811–8020 or via email at PublicLiaison@irs.gov. Application packages are available on the IRS Web site at https://www.irs.gov/ for-tax-pros. Application packages may also be requested by telephone from National Public Liaison, 202–317–6851 (not a toll-free number). FOR FURTHER INFORMATION CONTACT: Michael Deneroff at (202) 317–6851, or send an email to publicliaison@irs.gov. SUPPLEMENTARY INFORMATION: The establishment and operation of the Electronic Tax Administration Advisory Committee (ETAAC) is required by the Internal Revenue Service (IRS) Restructuring and Reform Act of 1998 (RRA 98), Title II, Section 2001(b)(2). ETAAC follows a charter in accordance with the provisions of the Federal Advisory Committee Act (FACA), 5 U.S.C., App. 2. The ETAAC provides continued input into the development and implementation of the IRS’s strategy for electronic tax administration. The ETAAC will research, analyze, consider, and make recommendations on a wide range of electronic tax administration issues and will provide input into the development of the strategic plan for electronic tax administration. Members will provide an annual report to Congress by June 30th. Applicants must complete the application form, which includes describing and documenting the applicant’s qualifications for ETAAC membership. Applicants must submit a short one- or two-page statement including recent examples of specific skills and qualifications as they relate to: cybersecurity and information security, tax software development, tax preparation, payroll and tax financial product processing, systems management and improvement, implementation of customer service initiatives, consumer advocacy and public administration. Examples of skill in critical thinking, strategic planning DATES: PO 00000 Frm 00137 Fmt 4703 Sfmt 4703 21445 and oral and written communication are desirable. An acknowledgement of receipt will be sent to all applicants. Equal opportunity practices will be followed in all appointments to the ETAAC in accordance with Department of Treasury and IRS policies. The IRS has a special interest in assuring that women and men, members of all races and national origins, and individuals with disabilities have an opportunity to serve on advisory committees. Therefore, IRS extends particular encouragement to nominations from such appropriately qualified individuals. Dated: April 6, 2016. Michael Deneroff, Acting Designated Federal Official, National Public Liaison. [FR Doc. 2016–08240 Filed 4–8–16; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Comment Request for the Financial Literacy and Education Commission on the Draft National Strategy Update, Entitled Promoting Financial Success: National Strategy for Financial Literacy Update Department of the Treasury. Request for comment. AGENCY: ACTION: In 2003, Congress established the Financial Literacy and Education Commission (FLEC, or the Commission) through passage of the Financial Literacy and Education Improvement Act under Title V of the Fair and Accurate Credit Transactions Act of 2003. Congress designated the Department of the Treasury’s Office of Financial Education to lend its expertise and provide primary support to the Commission, which is chaired by the Secretary of the Treasury. As directed by the Dodd-Frank Wall Street Reform and Consumer Protection Act, which created the Bureau of Consumer Financial Protection (CFPB), the Director of the CFPB serves as the vice chair of the Commission. Congress charged the Commission 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.’’ In 2011, the Commission released a national strategy entitled Promoting Financial Success in the United States: National Strategy for Financial Literacy. Additionally, the Commission hosts a national financial education Web site, MyMoney.gov, which provides Federal educational SUMMARY: E:\FR\FM\11APN1.SGM 11APN1 21446 Federal Register / Vol. 81, No. 69 / Monday, April 11, 2016 / Notices resources and the Commission’s Research and Data Clearinghouse. The Commission is now planning to update to the national strategy to reflect changes within the last five years. On behalf of the Commission, the Department of the Treasury invites the public to comment on the Promoting Financial Success for All: National Strategy (National Strategy) Update. This update will be created by adding new text and edits to the original 2011 National Strategy, which can be found at https://www.treasury.gov/resourcecenter/financial-education/Documents/ NationalStrategyBook_ 12310%20(2).pdf. Comments should be received May 11, 2016 to be assured consideration. DATES: Written comments should be sent via email to OFE@treasury.gov or to the Department of the Treasury, Office of Financial Education, 1500 Pennsylvania Avenue NW., Washington, DC 20220. All comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. You should only submit information that you wish to make publicly available. FOR FURTHER INFORMATION CONTACT: For additional information, contact Louisa Quittman by email at OFE@treasury.gov. Additional information regarding the Financial Literacy and Education Commission and the Department of the Treasury’s Office of Financial Education may be obtained through the Office of Financial Education’s Web site at: https://www.treasury.gov/resourcecenter/financial-education/Pages/ commission-index.aspx. SUPPLEMENTARY INFORMATION: In 2012, FLEC adopted a strategic focus on ‘‘Starting Early for Financial Success,’’ as an approach to implement the National Strategy. This focus recognizes that in today’s economy, it is essential for Americans to develop the financial capability to navigate complex financial systems and to start that process early in their financial lives. The Commission is committed to advancing the National Strategy’s four goals: (1) Increase Awareness of and Access to Financial Education; (2) Determine and Integrate Core Financial Competencies; (3) Strengthen the Provision of Financial Education; and (4) Identify and Share Effective Practices. How to Comment: Please view the National Strategy Update outline below and respond to the following questions on or before May 11, 2016 to the following address: OFE@treasury.gov. or mstockstill on DSK4VPTVN1PROD with NOTICES ADDRESSES: VerDate Sep<11>2014 18:37 Apr 08, 2016 Jkt 238001 to the Department of the Treasury, Office of Financial Education, 1500 Pennsylvania Avenue NW., Washington, DC 20220. All comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. You should only submit information that you wish to make publicly available. From your or your organization’s perspective, (1) Does the outlined Update reflect current research findings and practice regarding financial education, capability and financial well-being? (2) Are there other elements that should be included in the Update? (3) Do you have any other comments regarding the National Strategy Update? The outline for the National Strategy Update is as follows: I. Introduction The introduction will describe the role and importance of a National Strategy and briefly restate how the National Strategy was developed. It will discuss the purpose and intended audience for the update, and briefly describe the national and international context for the National Strategy. In 2012, FLEC adopted a strategic focus on ‘‘Starting Early for Financial Success,’’ as an approach to implement the National Strategy. This focus recognizes that in today’s economy, it is essential for Americans to develop the financial capability to navigate complex financial systems. The strategy will be updated to reflect the emphasis on ‘‘Starting Early for Financial Success.’’ II. Financial Education Today: Toward Capability and Well-Being This section will address the following: • Define what the FLEC means by financial literacy and education, as well as terms like financial capability and financial well-being, and how these concepts are related and inform the work of the Commission. • Recap what is known about Americans’ financial knowledge and capability, based on reliable sources of information. • Summarize the factors of financial well-being and how children and youth develop the skills, attitudes and habits that lay the foundations for financial well-being later in life. • Address how the creation of the Consumer Financial Protection Bureau (CFPB) has contributed to the efforts of the Commission. • Highlight findings from recent research and discuss the emerging trends and effective practices in this PO 00000 Frm 00138 Fmt 4703 Sfmt 4703 field and the implication this research has for financial educators and those in related fields. III. Vision Mission and Goals This section restates the Mission and Vision of the Strategy and the key goals as laid out in the National Strategy, which will remain as follows: Vision: Sustained financial well-being for all individuals and families in the United States Mission: Set strategic direction for policy education, practice, research and coordination so that U.S. individuals and families make informed financial decisions. Goal: Increase Awareness of and Access to Effective Financial Education—This goal focuses on ensuring individuals and families are aware of the importance of financial literacy and have access to financial education resources. Goal: Determine and Integrate Core Financial Competencies—This goal focuses on determining the personal finance knowledge and skills that individuals and families need to employ at various life stages and for particular life events to make informed financial decisions. It also addresses integrating these competencies into effective resources and programs. Goal: Improve Financial Education Infrastructure—This goal focuses on the need to develop guidelines on content, training, and delivery channels for financial literacy and education providers and to promote opportunities for partnerships and information sharing. Goal: Identify, Enhance, and Share Effective Practices—This goal focuses on the need to support research and evaluation to identify effective programs and practices. It encourages the implementation and production of evidence-based programs and practices for individuals and organizations. IV. Accomplishments and Next Steps Through its strategic focus on ‘‘Starting Early for Financial Success,’’ the Commission has demonstrated substantial progress in coordinating activities to improve the financial education available for Americans to improve their financial capability toward financial well-being. This section will highlight the Commission’s activities in advancing each of the National Strategy goals, through Starting Early for Financial Success, and discuss how the work and collaborations by the Commission’s members respond to the state of financial education today, and advance financial capability and well-being. It E:\FR\FM\11APN1.SGM 11APN1 Federal Register / Vol. 81, No. 69 / Monday, April 11, 2016 / Notices will also include findings from relevant research and trends in financial education, financial capability and related fields. V. Bibliography and Resources This section will provide a brief bibliography and list of key resources. Dated: April 5, 2016. David R. Pearl, Executive Secretary. [FR Doc. 2016–08227 Filed 4–8–16; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF VETERANS AFFAIRS MyVA Federal Advisory Committee; Notice of Meeting mstockstill on DSK4VPTVN1PROD with NOTICES The Department of Veterans Affairs (VA) gives notice under the Federal Advisory Committee Act, 5 U.S.C. App. 2., that the MyVA Advisory Committee (MVAC) will meet May 11–12, 2016, at the Booz Allen Hamilton, 901 15th Street NW., Washington, DC 20005. The meeting is open to the public. The purpose of the Committee is to advise the Secretary, through the Executive Director, MyVA Task Force Office regarding the My VA initiative and VA’s ability to rebuild trust with Veterans and other stakeholders, improve service delivery with a focus on Veteran outcomes, and set the course for longer-term excellence and reform of VA. On May 11, from 8:00 a.m. to 5:15 p.m., the Committee will meet to discuss the progress on, and the integration of, the work in the five key MyVA work streams—Veteran Experience (explaining the efforts conducted to improve the Veteran’s experience), Employees Experience, Support Services Excellence (such as information technology, human VerDate Sep<11>2014 18:37 Apr 08, 2016 Jkt 238001 resources, and finance), Performance Improvement (projects undertaken to date and those upcoming), and VA Strategic Partnerships. On May 12 from 8:00 a.m. to 12:30 p.m., the Committee will meet to discuss and recommend areas for improvement on VA’s work to date, plans for the future, and integration of the MyVA efforts. This session is open to the public. Approximately 15 minutes will be allotted for oral presentations from the public; all other comments should be submitted in writing. However, the public may submit written statements for the Committee’s review to Debra Walker, Designated Federal Officer, MyVA Program Management Office, Department of Veterans Affairs, 1800 G Street NW., Room 880–40, Washington, DC 20420, or email at Debra.Walker3@ va.gov. Any member of the public wishing to attend the meeting or seeking additional information should contact Ms. Walker. Anyone attending must be prepared to show a valid photo ID. Please allow a minimum of 15 minutes before the meeting begins for this process. Dated: April 6, 2016. Jelessa Burney, Federal Advisory Committee Management Officer. [FR Doc. 2016–08258 Filed 4–8–16; 8:45 am] BILLING CODE P DEPARTMENT OF VETERANS AFFAIRS Advisory Committee on Women Veterans; Notice of Meeting The Department of Veterans Affairs (VA) gives notice under the Federal Advisory Committee Act, 5 U.S.C. App. 2., that the Advisory Committee on Women Veterans will meet on May 17– PO 00000 Frm 00139 Fmt 4703 Sfmt 9990 21447 19, 2016, Conference Room 930, at VA Central Office, 810 Vermont Avenue NW., Washington, DC, from 8:30 a.m. until 4:30 p.m. each day. The meeting is open to the public. The purpose of the Committee is to advise the Secretary of Veterans Affairs regarding the needs of women Veterans with respect to health care, rehabilitation, compensation, outreach, and other programs and activities administered by VA designed to meet such needs. The Committee makes recommendations to the Secretary regarding such programs and activities. The agenda will include: Briefings on the Federal Advisory Committee Act, ethics, iGIANT; eating and weight related disorders among women Veterans; updates on various VA initiatives; and Committee work on recommendations for the Committee’s 2016 biennial report. No time will be allocated at this meeting for receiving oral presentations from the public. Interested parties should provide written comments for review by the Committee to Ms. Shannon L. Middleton, VA Center for Women Veterans (00W), 810 Vermont Avenue NW., Washington, DC 20420, or email at 00W@mail.va.gov, or fax to (202) 273–7092. Any member of the public who wishes to attend the meeting or wants additional information should contact Ms. Middleton at (202) 461– 6193. Because the meeting will be in a Government building, anyone attending must be prepared to show a valid photo I.D. Please allow 15 minutes before the meeting begins for this process. Dated: April 6, 2016. Jelessa Burney, Federal Advisory Committee Management Officer. [FR Doc. 2016–08205 Filed 4–8–16; 8:45 am] BILLING CODE P E:\FR\FM\11APN1.SGM 11APN1

Agencies

[Federal Register Volume 81, Number 69 (Monday, April 11, 2016)]
[Notices]
[Pages 21445-21447]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-08227]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Comment Request for the Financial Literacy and Education 
Commission on the Draft National Strategy Update, Entitled Promoting 
Financial Success: National Strategy for Financial Literacy Update

AGENCY: Department of the Treasury.

ACTION: Request for comment.

-----------------------------------------------------------------------

SUMMARY: In 2003, Congress established the Financial Literacy and 
Education Commission (FLEC, or the Commission) through passage of the 
Financial Literacy and Education Improvement Act under Title V of the 
Fair and Accurate Credit Transactions Act of 2003. Congress designated 
the Department of the Treasury's Office of Financial Education to lend 
its expertise and provide primary support to the Commission, which is 
chaired by the Secretary of the Treasury. As directed by the Dodd-Frank 
Wall Street Reform and Consumer Protection Act, which created the 
Bureau of Consumer Financial Protection (CFPB), the Director of the 
CFPB serves as the vice chair of the Commission. Congress charged the 
Commission 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.'' In 2011, the Commission 
released a national strategy entitled Promoting Financial Success in 
the United States: National Strategy for Financial Literacy. 
Additionally, the Commission hosts a national financial education Web 
site, MyMoney.gov, which provides Federal educational

[[Page 21446]]

resources and the Commission's Research and Data Clearinghouse. The 
Commission is now planning to update to the national strategy to 
reflect changes within the last five years. On behalf of the 
Commission, the Department of the Treasury invites the public to 
comment on the Promoting Financial Success for All: National Strategy 
(National Strategy) Update. This update will be created by adding new 
text and edits to the original 2011 National Strategy, which can be 
found at https://www.treasury.gov/resource-center/financial-education/Documents/NationalStrategyBook_12310%20(2).pdf.

DATES: Comments should be received May 11, 2016 to be assured 
consideration.

ADDRESSES: Written comments should be sent via email to 
OFE@treasury.gov or to the Department of the Treasury, Office of 
Financial Education, 1500 Pennsylvania Avenue NW., Washington, DC 
20220. All comments received, including attachments and other 
supporting materials, are part of the public record and subject to 
public disclosure. You should only submit information that you wish to 
make publicly available.

FOR FURTHER INFORMATION CONTACT: For additional information, contact 
Louisa Quittman by email at OFE@treasury.gov. Additional information 
regarding the Financial Literacy and Education Commission and the 
Department of the Treasury's Office of Financial Education may be 
obtained through the Office of Financial Education's Web site at: 
https://www.treasury.gov/resource-center/financial-education/Pages/commission-index.aspx.

SUPPLEMENTARY INFORMATION:  In 2012, FLEC adopted a strategic focus on 
``Starting Early for Financial Success,'' as an approach to implement 
the National Strategy. This focus recognizes that in today's economy, 
it is essential for Americans to develop the financial capability to 
navigate complex financial systems and to start that process early in 
their financial lives. The Commission is committed to advancing the 
National Strategy's four goals: (1) Increase Awareness of and Access to 
Financial Education; (2) Determine and Integrate Core Financial 
Competencies; (3) Strengthen the Provision of Financial Education; and 
(4) Identify and Share Effective Practices.
    How to Comment: Please view the National Strategy Update outline 
below and respond to the following questions on or before May 11, 2016 
to the following address: OFE@treasury.gov. or to the Department of the 
Treasury, Office of Financial Education, 1500 Pennsylvania Avenue NW., 
Washington, DC 20220. All comments received, including attachments and 
other supporting materials, are part of the public record and subject 
to public disclosure. You should only submit information that you wish 
to make publicly available.
    From your or your organization's perspective,
    (1) Does the outlined Update reflect current research findings and 
practice regarding financial education, capability and financial well-
being?
    (2) Are there other elements that should be included in the Update?
    (3) Do you have any other comments regarding the National Strategy 
Update?
    The outline for the National Strategy Update is as follows:

I. Introduction

    The introduction will describe the role and importance of a 
National Strategy and briefly restate how the National Strategy was 
developed. It will discuss the purpose and intended audience for the 
update, and briefly describe the national and international context for 
the National Strategy. In 2012, FLEC adopted a strategic focus on 
``Starting Early for Financial Success,'' as an approach to implement 
the National Strategy. This focus recognizes that in today's economy, 
it is essential for Americans to develop the financial capability to 
navigate complex financial systems. The strategy will be updated to 
reflect the emphasis on ``Starting Early for Financial Success.''

II. Financial Education Today: Toward Capability and Well-Being

    This section will address the following:
     Define what the FLEC means by financial literacy and 
education, as well as terms like financial capability and financial 
well-being, and how these concepts are related and inform the work of 
the Commission.
     Recap what is known about Americans' financial knowledge 
and capability, based on reliable sources of information.
     Summarize the factors of financial well-being and how 
children and youth develop the skills, attitudes and habits that lay 
the foundations for financial well-being later in life.
     Address how the creation of the Consumer Financial 
Protection Bureau (CFPB) has contributed to the efforts of the 
Commission.
     Highlight findings from recent research and discuss the 
emerging trends and effective practices in this field and the 
implication this research has for financial educators and those in 
related fields.

III. Vision Mission and Goals

    This section restates the Mission and Vision of the Strategy and 
the key goals as laid out in the National Strategy, which will remain 
as follows:
    Vision: Sustained financial well-being for all individuals and 
families in the United States
    Mission: Set strategic direction for policy education, practice, 
research and coordination so that U.S. individuals and families make 
informed financial decisions.
    Goal: Increase Awareness of and Access to Effective Financial 
Education--This goal focuses on ensuring individuals and families are 
aware of the importance of financial literacy and have access to 
financial education resources.
    Goal: Determine and Integrate Core Financial Competencies--This 
goal focuses on determining the personal finance knowledge and skills 
that individuals and families need to employ at various life stages and 
for particular life events to make informed financial decisions. It 
also addresses integrating these competencies into effective resources 
and programs.
    Goal: Improve Financial Education Infrastructure--This goal focuses 
on the need to develop guidelines on content, training, and delivery 
channels for financial literacy and education providers and to promote 
opportunities for partnerships and information sharing.
    Goal: Identify, Enhance, and Share Effective Practices--This goal 
focuses on the need to support research and evaluation to identify 
effective programs and practices. It encourages the implementation and 
production of evidence-based programs and practices for individuals and 
organizations.

IV. Accomplishments and Next Steps

    Through its strategic focus on ``Starting Early for Financial 
Success,'' the Commission has demonstrated substantial progress in 
coordinating activities to improve the financial education available 
for Americans to improve their financial capability toward financial 
well-being. This section will highlight the Commission's activities in 
advancing each of the National Strategy goals, through Starting Early 
for Financial Success, and discuss how the work and collaborations by 
the Commission's members respond to the state of financial education 
today, and advance financial capability and well-being. It

[[Page 21447]]

will also include findings from relevant research and trends in 
financial education, financial capability and related fields.

V. Bibliography and Resources

    This section will provide a brief bibliography and list of key 
resources.

    Dated: April 5, 2016.
David R. Pearl,
Executive Secretary.
[FR Doc. 2016-08227 Filed 4-8-16; 8:45 am]
 BILLING CODE 4810-25-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.