S. 3233

119 S3233 IS: Financial Services Improving Noble and Necessary Caregiving Experience Act
 U.S. Senate
 2025-11-20
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 3233  IN THE SENATE OF THE UNITED STATES   November 20, 2025   Mr. Markey  (for himself,  Ms. Klobuchar ,  Mrs. Gillibrand , and  Mr. Kim ) introduced the following bill; which was read twice and referred to the  Committee on Health, Education, Labor, and Pensions    A BILL
To amend the Older Americans Act of 1965 to provide financial planning services related to the needs of family caregivers, and for other purposes.
1.
Short title
This Act may be cited as the   Financial Services Improving Noble and Necessary Caregiving Experience Act   or the   FINANCE Act  .
2.
Financial planning services
Title IV of the Older Americans Act of 1965 is amended by inserting after section 414 ( 42 U.S.C. 3032c ) the following:
415.
Financial planning services
(a)
Definitions
In this section:
(1)
The term  family caregiver —
(A)
means—
(i)
an adult family member, or another individual, who is an informal provider of in-home and community care to an older individual or to an individual of any age with Alzheimer's disease or a related disorder with neurological and organic brain dysfunction; or
(ii)
an older relative caregiver; and
(B)
does not include an individual providing care whose primary relationship with the individual receiving the care is based on a financial or professional agreement.
(2)
The term  older relative caregiver  means a caregiver who—
(A)
(i)
is age 55 or older; and
(ii)
lives with, is the informal provider of in-home and community care to, and is the primary caregiver for, a child or an individual with a disability;
(B)
in the case of a caregiver for a child—
(i)
is the grandparent, stepgrandparent, or other relative (other than the parent) by blood, marriage, or adoption, of the child;
(ii)
is the primary caregiver of the child because the biological or adoptive parents are unable or unwilling to serve as the primary caregivers of the child; and
(iii)
has a legal relationship to the child, such as legal custody, adoption, or guardianship, or is raising the child informally; and
(C)
in the case of a caregiver for an individual with a disability, is the parent, grandparent, or other relative by blood, marriage, or adoption, of the individual with a disability.
(b)
Grants
The Assistant Secretary may make grants to eligible entities to provide financial planning services related to the needs of family caregivers.
(c)
Eligible entity
To be eligible to receive a grant under subsection (b), an entity shall be a State or local government agency, a nonprofit organization, an area agency on aging, the provider of a multipurpose senior center, an institution of higher education, or a tribal organization.
(d)
Application
To be eligible to receive a grant under subsection (b), an entity shall submit an application to the Assistant Secretary at such time, in such manner, and containing such information as the Assistant Secretary may require.
(e)
Use of funds
An eligible entity that receives a grant under subsection (b) shall use the grant funds—
(1)
to provide financial planning services, through individuals with the appropriate training and licenses, that include—
(A)
guidance on available public benefits;
(B)
guidance on care options, including on supports for paid and unpaid family caregivers;
(C)
information on budgeting, saving, and spending;
(D)
information on how and when to begin talking about desires and wishes around care as an individual ages;
(E)
guidance on managing debt, debt relief, and bankruptcy;
(F)
information and education on what long-term care will cost;
(G)
resources and information, including outreach materials, technical assistance materials, and other resources and information available through the center referred to in section 215(k); and
(H)
referrals to providers of legal assistance under title III or VII, for legal assistance on topics including estate planning, power of attorney, health care powers, and wills; and
(2)
to provide those services in a manner that is accessible, as appropriate for the recipient, including providing the services—
(A)
through assistive technology;
(B)
in accessible language;
(C)
for caregivers for whom English is not their primary language, through translation or interpretation services; and
(D)
for caregivers, in accessible formats, including formats compatible with American Sign Language and multiple languages.
 .