Legis Daily

FINANCE Act

USA119th CongressS-3233| Senate 
| Updated: 11/20/2025
Edward J. Markey

Edward J. Markey

Democratic Senator

Massachusetts

Cosponsors (3)
Kirsten E. Gillibrand (Democratic)Amy Klobuchar (Democratic)Andy Kim (Democratic)

Health, Education, Labor, and Pensions Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

S 118-4735
FINANCE Act
Nov 20, 2025
Introduced in Senate
Nov 20, 2025
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  • Bill from Previous Congress

    S 118-4735
    FINANCE Act


  • November 20, 2025
    Introduced in Senate


  • November 20, 2025
    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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 118-4735
FINANCE Act
Nov 20, 2025
Introduced in Senate
Nov 20, 2025
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  • Bill from Previous Congress

    S 118-4735
    FINANCE Act


  • November 20, 2025
    Introduced in Senate


  • November 20, 2025
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Edward J. Markey

Edward J. Markey

Democratic Senator

Massachusetts

Cosponsors (3)
Kirsten E. Gillibrand (Democratic)Amy Klobuchar (Democratic)Andy Kim (Democratic)

Health, Education, Labor, and Pensions Committee

Social Welfare

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted