Improving Access to Financial Coaching Act of 2026
To direct the Secretary of the Treasury, acting through the Director of the Office of Consumer Policy, to establish a program to award grants to eligible entities to provide financial coaching services, and for other purposes.
The Improving Access to Financial Coaching Act of 2026 aims to create a program that provides grants to eligible organizations offering financial coaching services. These services would help individuals and families improve their financial management skills, reduce debt, and increase savings. This bill is intended to make financial guidance more accessible to those who need it most, potentially improving overall financial stability and well-being for many.
This initiative would benefit low and moderate-income individuals, families, and communities that often face financial challenges. By providing expert financial coaching, these groups could gain better control over their finances, avoid predatory lending, and improve their long-term financial health. This bill could also support small businesses and local economies by enabling better financial planning and stability.
As of April 20, 2026, the bill has just been introduced in the House and referred to the House Committee on Financial Services. This is the first step in a long legislative process, which includes committee review, possible amendments, and a vote in the full House. If passed, the bill would then move to the Senate for further consideration.
