This bill requires the Executive Office of the President to provide economic literacy training to each employee of the office.
To require employees of the Executive Office of the President to 
     receive training on economic literacy, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ECONOMIC LITERACY TRAINING FOR CERTAIN EMPLOYEES OF THE 
              EXECUTIVE OFFICE OF THE PRESIDENT.

    (a) Establishment.--Not later than 120 days after the date of the 
enactment of this Act, the Executive Office of the President shall 
establish a program (in this Act referred to as the ``Program'') to 
provide covered employees training on economic literacy.
    (b) Training Course.--
            (1) In general.--Except as provided in paragraph (2), the 
        training provided under the Program shall include a course or 
        program on economic literacy that--
                    (A) primarily provides instruction on inflation; 
                and
                    (B) is accredited by a nationally recognized 
                accrediting agency or association that provides 
                standards for economic or financial education, as 
                determined by the Director of the National Economics 
                Council.
            (2) Alternative course or program selection.--
                    (A) In general.--During any period in which no 
                course or program described in paragraph (1) is 
                reasonably available for covered employees to 
                participate in under the Program, as determined by the 
                Director of the National Economics Council--
                            (i) paragraph (1) shall not apply; and
                            (ii) the Program shall require covered 
                        employees to participate in a course or program 
                        on economic literacy that is selected by the 
                        Director and includes instruction on inflation.
                    (B) Selection deadline.--Not later than 60 days 
                after the Director of the National Economics Council 
                makes the determination described in subparagraph (A), 
                the Director shall make the selection described in 
                subparagraph (A)(ii).
    (c) Timing.--
            (1) In general.--Each covered employee shall receive 
        training on economic literacy under the Program--
                    (A) in the case of an individual that is a covered 
                employee as of the date on which the Program is 
                established, not later than 90 days after such date; or
                    (B) in the case of an individual that becomes a 
                covered employee after the date on which the Program is 
                established, not later than 90 days after the date such 
                individual becomes a covered employee.
            (2) Tolling.--Each period of time specified in paragraph 
        (1) shall be tolled during any period of time for which the 
        Director of the National Economics Council has made a 
        determination described in subsection (b)(2)(A) and has not 
        made a selection described in subsection (b)(2)(A)(ii).
    (d) Reports.--
            (1) Annual certification.--Not later than one year after 
        the date of the enactment of this Act, and annually thereafter, 
        the Director of the Office of Administration of the Executive 
        Office of the President shall submit to Congress a report 
        certifying whether the Executive Office of the President has 
        complied with the requirements of this section during the one-
        year period ending on the date on which the report is 
        submitted.
            (2) Noncompliant employee list.--On each January 1 and June 
        1 occurring after the date that is 90 days after the date on 
        which the Program is established, the Director of the Office of 
        Administration of the Executive Office of the President shall 
        submit to the Committee on Oversight and Reform of the House of 
        Representatives and the Committee on Homeland Security and 
        Governmental Affairs of the Senate a list of each covered 
        employee that has not received training on economic literacy in 
        accordance with this section.
    (e) Covered Employee Defined.--In this Act, the term ``covered 
employee'' means an employee (as defined in section 2105(a) of title 5, 
United States Code) of the Executive Office of the President.
                                 <all>
To require employees of the Executive Office of the President to receive training on economic literacy, and for other purposes.
To require employees of the Executive Office of the President to receive training on economic literacy, and for other purposes.
Official Titles - House of Representatives
Official Title as Introduced
To require employees of the Executive Office of the President to receive training on economic literacy, and for other purposes.
Rep. Budd, Ted