To require the Comptroller General to conduct a study on the relationship between fluency in the English language and financial literacy.

SA 1104. Mr. ISAKSON (for himself and Mr. Chambliss) submitted an
amendment intended to be proposed to amendment SA 1084 submitted by
Mrs. Gillibrand to the amendment SA 1058 proposed by Mr. Dodd (for
himself and Mr. Shelby) to the bill H.R. 627, to amend the Truth in
Lending Act to establish fair and transparent practices relating to the
extension of credit under an open end consumer credit plan, and for
other purposes; as follows:

Beginning on page 1, line 2, strike all through page 2,
line 9, and insert the following:

SEC. 503. GAO STUDY AND REPORT ON FLUENCY IN THE ENGLISH
LANGUAGE AND FINANCIAL LITERACY.

(a) Study.--The Comptroller General of the United States
shall conduct a study examining--
(1) the relationship between fluency in the English
language and financial literacy; and
(2) the extent, if any, to which individuals whose native
language is a language other than English are impeded in
their conduct of their financial affairs.
(b) Report.--Not later than 1 year after the date of
enactment of this Act, the Comptroller General of the United
States shall submit a report to the Committee on Banking,
Housing, and Urban Affairs of the Senate and the Committee on
Financial Services of the House of Representatives that
contains a detailed summary of the findings and conclusions
of the study required under subsection (a).
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