124 STAT. 1971 PUBLIC LAW 111–203—JULY 21, 2010 (E) assistance in developing long-term savings strate- gies; and (F) wealth building and financial services during the preparation process to claim earned income tax credits and Federal benefits. (3) COORDINATION.—The Office of Financial Education shall coordinate with other units within the Bureau in carrying out its functions, including— (A) working with the Community Affairs Office to implement the strategy to improve financial literacy of consumers; and (B) working with the research unit established by the Director to conduct research related to consumer financial education and counseling. (4) REPORT.—Not later than 24 months after the designated transfer date, and annually thereafter, the Director shall submit a report on its financial literacy activities and strategy to improve financial literacy of consumers to— (A) the Committee on Banking, Housing, and Urban Affairs of the Senate; and (B) the Committee on Financial Services of the House of Representatives. (5) MEMBERSHIP IN FINANCIAL LITERACY AND EDUCATION COMMISSION.—Section 513(c)(1) of the Financial Literacy and Education Improvement Act (20 U.S.C. 9702(c)(1)) is amended— (A) in subparagraph (B), by striking ‘‘and’’ at the end; (B) by redesignating subparagraph (C) as subpara- graph (D); and (C) by inserting after subparagraph (B) the following new subparagraph: ‘‘(C) the Director of the Bureau of Consumer Financial Protection; and’’. (6) CONFORMING AMENDMENT.—Section 513(d) of the Finan- cial Literacy and Education Improvement Act (20 U.S.C. 9702(d)) is amended by adding at the end the following: ‘‘The Director of the Bureau of Consumer Financial Protection shall serve as the Vice Chairman.’’. (7) STUDY AND REPORT ON FINANCIAL LITERACY PROGRAM.— (A) IN GENERAL.—The Comptroller General of the United States shall conduct a study to identify— (i) the feasibility of certification of persons pro- viding the programs or performing the activities described in paragraph (2), including recognizing out- standing programs, and developing guidelines and resources for community-based practitioners, including— (I) a potential certification process and stand- ards for certification; (II) appropriate certifying entities; (III) resources required for funding such a process; and (IV) a cost-benefit analysis of such certifi- cation; (ii) technological resources intended to collect, ana- lyze, evaluate, or promote financial literacy and coun- seling programs;
