FCAC, as the commissioner stated, is very active in the financial literacy area. That said, the role of the leader is to encourage a high profile, to work with other stakeholders in a very high-profile way. I thinks that's one of the reasons the task force recommended a separate financial literacy leader rather than vesting all of these responsibilities in the commissioner. The position of commissioner was to draw a distinction between the leadership responsibilities—coordinating, getting out there and publicizing responsibilities—and the regulatory responsibilities of the commissioner. This is an important element that's going to be put in place if and when this bill is passed.
On September 24th, 2012. See this statement in context.