Economy, finance and labor

Executive Order 13646: Establishing the President's Advisory Council on Financial Capability for Young Americans

President: Barack Obama

Created an outside council to recommend ways to improve financial skills, access and employment prospects for young Americans.

Status: Completed/expired. Is Executive Order 13646 still in effect? No. Executive Order 13646 is completed or expired. See Federal Register record.

What does Executive Order 13646 do?

EO 13646 established a Treasury-supported advisory council to recommend ways to improve young Americans’ financial knowledge and access to useful financial tools. It drew members from education, government, nonprofits and the private sector. Treasury published the council’s final report in June 2015, including recommendations for financial education in schools, decisions about post-secondary costs, youth employment and protection against identity theft. The order did not itself create a school curriculum or a grant entitlement.

Administration position: The council offered advice; it did not regulate banks, change consumer-credit law or guarantee an account, loan, job or financial return.
SignedJune 25, 2013
Administrative homeTreasury Department
Final reportJune 2015

Before and after

Before the order

Federal financial-literacy bodies lacked a dedicated temporary forum centered on the practical needs of children and young adults.

After the order

The council developed recommendations on school learning, savings, technology and employment before dissolving.

Who had to do what

Agency / officeActionTiming / position
Advisory councilDevelop recommendations and promote partnershipsCompleted
TreasuryProvide administrative supportCompleted for this council
Financial Literacy and Education CommissionCoordinate continuing federal workContinuing

What happened next

EO 13646 established the council.

The council voted on final recommendations.

Treasury published its final report.