Improving Access to Financial Coaching Act of 2026

This bill would require the Treasury Department's Office of Consumer Policy to set up, within one year, a grant program for groups that provide financial coaching to consumers. Eligible groups include nonprofit community-based organizations, community development financial institutions, and minority depository institutions that have operated for at least one year and serve lower- or moderate-income, minority, or rural areas. Grants could be used for the group's general purposes or to give subgrants and technical help to other eligible groups. The bill authorizes $100 million for fiscal years 2026 through 2028, split 55 percent for general use and 45 percent for subgrants, and directs the office to work toward standard credentials for financial coaches.

Full text and official record on Congress.gov

Sponsors

• Sylvia R. Garcia Democrat sponsor
• 8 cosponsors