Improving Access to Financial Coaching Act of 2026

Sponsor: Sylvia R. Garcia (Democratic-TX)April 20, 2026

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Financial Services.

Creates a new program to help more Americans get free financial coaching.

This bill would create a new federal program to help more Americans get free financial coaching. It would set aside $100 million to fund community groups that offer financial advice, especially for low- and moderate-income families. This aims to improve financial stability and set standards for financial coaches.

What Would Change

Today, many Americans struggle with personal finances, and there are no uniform standards for financial coaches. This bill would create a new federal grant program through the Treasury Department to fund community groups offering financial coaching. It would also direct the Treasury to develop standard rules for certifying financial coaches, setting aside $100 million for these efforts over three years.

Key Provisions

Creates a new federal program to give money to community groups for financial coaching.
Sets aside $100 million over three government budget years (2026-2028) to pay for these financial coaching programs.
Requires the Treasury Department to create standard rules for certifying financial coaches and the groups that employ them.
Lets nonprofit groups, community development banks, and minority-owned banks apply for grants if they serve specific low-income or rural areas.
Allows grant money to be used for a group's general operations or to give smaller grants to other financial coaching providers.

View on Congress.gov

HR 8373 · 119th Congress · April 20, 2026 · AI Summary by gemini-2.5-flash · 8/10

Improving Access to Financial Coaching Act of 2026

What Would Change

Key Provisions

Lobbying Activity