Upon the announcement, Cisneros made the following statement:
"I am honored to have been chosen by the president to advise him and the secretary of the treasury on how to promote financial capability in young Americans. This issue is of vital importance for our financial well-being as a nation and for individual Americans' ability to access economic opportunity and mobility. I am eager to have the opportunity to share San Francisco's success with Kindergarten to College and other groundbreaking programs from our Office of Financial Empowerment."
The president's Advisory Council on Financial Capability for Young Americans was created on June 25, 2013 by Executive Order 13646
. The council will advise the president and the secretary of the treasury on how to promote financial capability among young Americans and encourage building the financial capability of young people at an early stage in schools, families, communities, and the workplace and through the use of technology.
View the full announcement
on the White House’s website.