WASHINGTON--John Hope Bryant, Operation HOPE founder, chairman and chief executive officer, issues the following statement:
“I commend President Barack Obama, Treasury Secretary Geithner, Council Chairman and friend Charles Schwab, the U.S. Treasury Department Office of Financial Education, and the Obama Administration for calling a meeting of the non-partisan U.S. President’s Advisory Council on Financial Literacy (the Council) on November 3, 2009 at the U.S. Department of the Treasury. I would like to further encourage our elected officials to promote and advance financial literacy legislation that will help keep America competitive, and assist the American people, particularly our most under-served and at risk, in understanding and addressing financial matters.
The Council Committee on the Underserved, which I chair, along with committee members: Sharon Lechter, The Rev. Dr. Robert V. Lee III and Ignacio Salazar, along with special advisor Carrie Schwab-Pomerantz, reported the following benchmark achievements and initiatives at the meeting:
Report to President’s Advisory Council on Financial Literacy (for full report click here)
The Committee on the Underserved made significant progress in developing a robust strategy and implementing initiatives to increase financial literacy among low-wealth individuals and under-served communities. The Committee focused on: increasing access to financial services and financial education; educating youth in low-wealth schools and traditionally minority colleges and universities; promoting volunteerism; recognizing the states and cities active in the financial literacy field and working to increase that number; developing a plan to ensure future best practices in subprime lending; consulting with Federal agencies to enhance their efforts; and, improving collaboration within the private sector to promote financial literacy in such communities. The Committee on the Underserved has also supported the efforts of the Outreach and Youth Committees in overlapping areas of focus.
In addition the Committee has co-hosted and participated in a number of outreach events and policy discussions, including roundtables, town hall meetings, promoted and encouraged legislation and listening sessions around the country. The Committee Chairman has participated in Congressional briefings and is tracking legislation related to financial education.
Specifically, the Committee on the Under-Served issued a report on “The Future of Financial Literacy and Responsible Mortgage Subprime Lending,” worked closely with the U.S. Small Business Administration to frame and launch its new and necessary SBA Office of Entrepreneurship Education, crafted and created the Council Financial Literacy Corps, and helped to directly inspire at least one federal legislative proposal to advance financial literacy in American life post-crisis.
Approximately 17 financial literacy bills proposed now making their way through the House of Representatives and the U.S. Senate, including HR 1325 by Congresswoman Sheila Jackson-Lee which was directly inspired by the work of the Council and Operation HOPE’s Banking on Our Future, College Edition and its partnership with the White House Initiative on HBCUs, along with House Resolution 65 by Congresswoman Diane E. Watson, will make the promise of financial literacy real in the lives of every American. A special thank you to the members of Congress and the U.S. Senate, individuals such as U.S. Senator Murray, for making financial literacy a legislative priority.
Special to the Huffington Post: The Dawning Of The Post-Crisis Entrepreneurship Generation, Here And All Around The World
From civil rights to silver rights.
In my new book LOVE LEADERSHIP: The New Way to Lead in a Fear-Based World, I submit that there are two things in the world, love and fear, and that what we don't love what we fear. Further, I submit that the reason our world is so screwed up today is that most of our so-called leaders have led by fear.
I go on to say that close relatives of fear are shorter-ism, laziness, greed, a focus on me and not we, and asking the question, "what do I get," versus "what do I have to give."
One could say that this current crisis has morphed from a global financial crisis, into an economic crisis, a liquidity crisis, and today it is a global crisis of confidence, and in this environment the ultimate prosperity killer is fear.
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November 21, 2009 in Blogging for the people, Bryant on the Economy, Economic Education, Economic Empowerment, Financial Literacy, Global Economic Crisis and Response, International Agenda, John Hope Bryant Authored, Leadership, Love Leadership Book by Jossey-Bass, Love vs. Fear Based Leadership, Media, Middle East Agenda, Opinion and Commentary, Small Business and Entrepreneurship, The Silver Rights Movement | Permalink | Comments (0) | TrackBack (0)
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