What does Preamble of Improving Access to Financial Coaching Act of 2026 do?

This bill directs the Secretary of the Treasury, through the Director of the Office of Consumer Policy, to establish a grant program. The program will award grants to eligible entities. The grants are intended to support the provision of financial coaching services. The bill includes provisions for 'other purposes' not further detailed in this section.

What does SHORT TITLE. of Improving Access to Financial Coaching Act of 2026 do?

This bill is formally titled the Improving Access to Financial Coaching Act of 2026

What does FINDINGS AND PURPOSE. of Improving Access to Financial Coaching Act of 2026 do?

This section outlines congressional findings on consumer financial challenges Financial coaching services are noted to improve financial stability and capability A federal program is proposed to support financial coaching initiatives The program aims to enhance consumer financial well-being and access to trusted guidance The Office of Consumer Policy within the Treasury Department is to administer the program

What does FINANCIAL COACHING SERVICES GRANT. of Improving Access to Financial Coaching Act of 2026 do?

This section establishes a program to award grants to eligible entities for providing financial coaching services. Eligible entities include nonprofit, community-based organizations, community development financial institutions, and minority depository institutions that meet specific operational and service criteria. Applicants must demonstrate a financial coaching program serving areas with low median family income or a high percentage of racial or ethnic minorities, or predominantly serving individuals at or below 120 percent of the Area Median Income. Grant funds can be used for the eligible entity's general purposes or to award subgrants and technical assistance to other eligible entities. The Director is tasked with promoting best practices in the financial coaching industry and developing standardized credentialing protocols. Up to $100,000,000 is authorized for appropriation over fiscal years 2026 through 2028, with 55% allocated to direct entity support and 45% to subgrants and technical assistance.

Back to bills

Improving Access to Financial Coaching Act of 2026

Last updated: 4/20/2026 · Introduced: 4/20/2026

Author: Sylvia Garcia (D-TX)

TL;DR (AI)

This bill creates a grant program within the Treasury Department to fund financial coaching services for underserved communities.
Eligible organizations, including nonprofits and community development financial institutions, can apply for grants to provide coaching or offer subgrants and technical assistance.
Up to $100 million is authorized over three years to support these financial coaching initiatives and promote industry best practices.

119th Congressin committeeOfficial page

Verified Votes

No verified votes yet.

Community Votes

No community votes yet. Be the first!

Voting as guest · Sign in for verified votes

Other Sections

Includes provisions on preamble, short title., and 2 more.

4 sections

Click "Show details" to explore individual sections. Use the community vote above or visit All Sections to vote per section.

Read official text

Want the full experience?

Create a free account to cast verified votes on each section, get a personalized summary, and track your voting history.

Create Free Account