This legislation, titled the FINANCE Act, proposes to amend the Older Americans Act of 1965 by introducing a new section focused on providing crucial financial planning services for family caregivers. It authorizes the Assistant Secretary to award grants to various eligible entities, including state and local agencies, non-profit organizations, and tribal organizations, to deliver these specialized services. The bill defines a family caregiver broadly, encompassing adult family members or other informal providers of in-home care to older individuals or those with Alzheimer's, as well as older relative caregivers. The financial planning services are designed to offer comprehensive guidance, covering areas such as public benefits , various care options for both paid and unpaid caregivers, and essential information on budgeting, saving, and spending . These services will also educate caregivers on the costs of long-term care , provide guidance on debt management , and offer referrals for legal assistance concerning estate planning, power of attorney, and wills. A key provision ensures that these services are delivered in an accessible manner, utilizing assistive technology, accessible language, and translation or interpretation services for non-English speakers, as well as formats compatible with American Sign Language and multiple languages.
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Social Welfare
FINANCE Act
USA119th CongressS-3233| Senate
| Updated: 11/20/2025
This legislation, titled the FINANCE Act, proposes to amend the Older Americans Act of 1965 by introducing a new section focused on providing crucial financial planning services for family caregivers. It authorizes the Assistant Secretary to award grants to various eligible entities, including state and local agencies, non-profit organizations, and tribal organizations, to deliver these specialized services. The bill defines a family caregiver broadly, encompassing adult family members or other informal providers of in-home care to older individuals or those with Alzheimer's, as well as older relative caregivers. The financial planning services are designed to offer comprehensive guidance, covering areas such as public benefits , various care options for both paid and unpaid caregivers, and essential information on budgeting, saving, and spending . These services will also educate caregivers on the costs of long-term care , provide guidance on debt management , and offer referrals for legal assistance concerning estate planning, power of attorney, and wills. A key provision ensures that these services are delivered in an accessible manner, utilizing assistive technology, accessible language, and translation or interpretation services for non-English speakers, as well as formats compatible with American Sign Language and multiple languages.