Description: The Council shall assist and advise the Mayor and the Council in promoting the financial literacy of the residents of the District.
Qualifications: The Financial Literacy Council shall consist of 9 members, as follows:
(1) One member shall be appointed by the Chairman of the Council.
(2) One member shall be appointed by the chairperson of the Council committee with oversight of the Department of Insurance, Securities, and Banking.
(3) One member shall be appointed by the Chief Financial Officer.
(4) Six members shall be appointed by the Mayor and shall be comprised of:
(A) One member who shall represent the Department of Insurance, Securities, and Banking;
(B) One member who shall represent the District of Columbia Public Schools; and
(C) Four members who shall be District residents with extensive knowledge of financial institutions, personal finance, and financial literacy programs.
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