FINANCE Act
Sponsored By: Senator Markey, Edward J. [D-MA]
Introduced
Summary
Expands financial planning support for family caregivers. This bill would add a new Title IV grant program to the Older Americans Act to fund accessible, multilingual financial planning and legal referrals for unpaid family caregivers, including older relatives and grandparents raising grandchildren.
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- Families and caregivers would get one-on-one financial planning on public benefits, budgeting, long-term care costs, debt relief, and how to talk about care wishes as relatives age.
- Older-relative caregivers are explicitly covered if they are age 55 or older, live with the care recipient, and are the primary caregiver for a child or a person with a disability.
- State and local agencies, area agencies on aging, nonprofits, senior centers, colleges, and tribal organizations could receive grants to hire licensed planners and deliver services in accessible formats and multiple languages.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Financial planning help for caregivers
If enacted, the bill would create a federal grant program to fund financial planning services for unpaid family caregivers. Grants could go to states, nonprofits, area agencies on aging, senior centers, colleges, and tribal organizations. Services would cover public benefits, care options, budgeting, debt management, long-term care costs, and referrals for legal help. Services must be accessible and available in other languages and formats like American Sign Language. The bill would define who counts as a family caregiver and would not cover caregivers paid under a financial or professional agreement.
Sponsors & CoSponsors
Sponsor
Markey, Edward J. [D-MA]
MA • D
Cosponsors
Amy Klobuchar
MN • D
Sponsored 11/20/2025
Sen. Gillibrand, Kirsten E. [D-NY]
NY • D
Sponsored 11/20/2025
Sen. Kim, Andy [D-NJ]
NJ • D
Sponsored 11/20/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov