(a) The Commission shall:
(1) monitor the implementation of public and private initiatives to improve the financial education and capability of residents of the State;
(2) make recommendations on the coordination of financial education and capability efforts across State agencies; and
(3) encourage financial education events and activities to highlight April as Financial Education Month.
(b) (1) Subject to paragraph (2) of this subsection, on or before December 1 each year, the Commission shall report to the Governor and, in accordance with § 2–1257 of this article, the General Assembly on its recommendations and the status of efforts undertaken by State agencies or in partnership with State agencies to improve the financial education and capability of residents of the State.
(2) Every 3 years, the report of the Commission required under paragraph (1) of this subsection shall include a comprehensive discussion of statewide efforts to improve the financial education and capability of residents of the State, including initiatives funded by the State or a local government and those undertaken in the private sector by nonprofit organizations, financial institutions, and other persons.