NY A10339

Creates a State Financial Literacy Commission to improve financial literacy and financial capability of New York residents.

Commission composed of 17 members including the state comptroller, commissioner of education, legislative representatives, K-12 educators and administrators, higher education representatives, and representatives from nonprofits and financial services businesses.

State comptroller or designee and a governor-appointed non-state employee serve as co-chairs; members serve three-year staggered terms.

Commission authorized to collaborate with state agencies and private entities to implement financial literacy programs, create an inventory of existing initiatives, and raise awareness about financial literacy.

Commission required to issue annual reports to the governor and legislature on progress and recommendations for improving financial literacy and capability of New York residents.