FINANCE Act

This bill would add a new section to the Older Americans Act of 1965 allowing the Assistant Secretary for Aging to give grants to provide financial planning services for family caregivers. Eligible grant recipients include state and local agencies, nonprofits, area agencies on aging, senior centers, colleges, and tribal organizations. Grant money must be used for services from trained and licensed individuals, covering topics such as public benefits, care options, budgeting, debt and bankruptcy, long-term care costs, and referrals for legal help with wills and power of attorney. Services must be offered in accessible ways, including assistive technology, translation, and formats compatible with American Sign Language.

Full text and official record on Congress.gov

Sponsors

• Edward J. Markey Democrat sponsor
• 3 cosponsors