The U.S. Department of the Treasury this week convened a public meeting of the Financial Literacy and Education Commission (FLEC) focused on implementation and outreach for Trump Accounts, a new initiative aimed at expanding financial literacy and long-term wealth building for American children.
U.S. Secretary of the Treasury Scott Bessent chaired the meeting and delivered opening remarks highlighting the opportunity Trump Accounts present to make every American child a shareholder while advancing financial education through real-world investing experience. Bessent emphasized the importance of integrating Trump Accounts into existing federal financial literacy initiatives and called on participating agencies to align their education efforts around the program.
Principal remarks were also delivered by senior officials across the federal government, including Jonathan Gould, Comptroller of the Currency at the Office of the Comptroller of the Currency; Kyle Hauptman, Chairman of the National Credit Union Administration; Lori Chavez-DeRemer, Secretary of the U.S. Department of Labor; Frank Cassidy, Assistant Secretary for Housing and Federal Housing Commissioner at the U.S. Department of Housing and Urban Development; and Frank Bisignano, Commissioner of the Social Security Administration and Chief Executive Officer of the Internal Revenue Service.
During the meeting, Matt Garber, Deputy Assistant Secretary for Fiscal Operations and Policy at the Treasury Department, provided an update on Treasury’s progress implementing Trump Accounts. His briefing was followed by a panel discussion focused on how the program can be leveraged to create a lasting impact on the next generation’s financial knowledge and decision-making.
Panel participants included Gerri Walsh, President of the FINRA Investor Education Foundation; Steven Johnson, Kansas State Treasurer and Chair of the College Savings Plans Network for the National Association of State Treasurers; Chris Caltabiano, Chief Program Officer at the Council for Economic Education; John Moses, Acting Director of the Office of Investor Education and Assistance at the Securities and Exchange Commission; and Melanie Mortimer, President of the SIFMA Foundation.
Officials emphasized that Trump Accounts are designed to help children build financial literacy by learning foundational concepts such as investing, compound growth, and long-term financial planning. Treasury officials also noted that the initiative aligns with broader efforts to modernize and strengthen financial education nationwide.
As part of that effort, FLEC will update the U.S. National Strategy for Financial Literacy in the coming year. Treasury recently issued a request for information to inform the update and is inviting feedback from individuals and organizations on how the strategy can remain relevant, effective, and responsive to evolving needs.
Members of the public are encouraged to submit comments before the close of the comment period on April 6, 2026.
By BSB Staff