1. Short title This Act may be cited as the Multilingual Financial Literacy Act . 2. Study on the impact of language barriers to financial health (a) Study The Financial Literacy and Education Commission shall carry out a study on the impact of language barriers to financial health, including access to financial literacy education and training, credit score outcomes, the cost of credit, and homebuying across groups with limited English proficiency. (b) Consultation In carrying out the study required under subsection (a), the Financial Literacy and Education Commission shall consult with every agency represented on the Commission. (c) Report Not later than the end of the 6-month period beginning on the date of enactment of this Act, the Financial Literacy and Education Commission shall issue a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate— (1) containing all findings and determinations made in carrying out the study required under subsection (a); and (2) analyzing the need for language accessibility across the financial services industry, including an identification of any industries in which information is provided solely in one language, highlighting any products, services, or other financial offerings with information which is limited in their availability beyond English. 3. Language access to Commission website and toll-free telephone number (a) In general Section 514 of the Financial Literacy and Education Improvement Act ( 20 U.S.C. 9703 ) is amended— (1) in subsection (b)(2)— (A) in subparagraph (D), by striking and at the end; (B) in subparagraph (E), by striking the period at the end and inserting ; and ; (C) by adding at the end the following: (F) be provided in at least 8 of the most commonly spoken languages in the United States, as determined by the Bureau of the Census.