Bill · H.R. 8373· House(119-HR-8373)
Improving Access to Financial Coaching Act of 2026
- Introduced
- 4/20/2026
- Last activity
- 4/20/2026 — Referred to the House Committee on Financial Services.
- Sponsored by
- Sylvia Garcia
- Cosponsors
- - 8 - 0
- Introduced
- In Committee
What this bill would do
The "Improving Access to Financial Coaching Act of 2026" directs the Secretary of the Treasury to establish a grant program for financial coaching services. This program is to be administered by the Director of the Office of Consumer Policy. The goal is to help various groups, including low- and moderate-income households, manage personal finances, debt, and savings. Eligible entities such as nonprofits and community-based organizations can receive these grants to provide coaching. Additionally, the Act seeks to develop standardized practices for certifying financial coaches and agencies.
Yes· 3 of 11
Would households on low incomes be better off under this?+5
The bill prioritizes grants for individuals making at or below 120 percent of the Area Median Income.
Would Black Americans be better off under this?+4
The bill specifically targets census tracts with high racial or ethnic minority populations.
Would people in rural areas be better off under this?+4
The bill explicitly includes census tracts located in rural areas as eligible for the coaching program.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Improved Financial Stability: Financial coaching services can help people improve their credit scores, build savings, and reduce debt (Section 2(a)(2)).
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Increased Access to Guidance: The bill aims to increase consumer access to trusted, high-quality financial guidance (Section 2(b)(3)).
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Support for Specific Communities: The grant program targets specific areas, including census tracts with low median family incomes, areas with high racial or ethnic minority populations, and rural areas (Section 3(b)(2)(D)(i)).
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Standardized Service Quality: The program seeks to research and develop standardized practices for certifying financial coaches and the agencies that employ them (Section 2(b)(4) and Section 3(e)).
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Language Accessibility: By requiring relationships with entities that provide non-English language services, the bill addresses the needs of those with limited English proficiency (Section 3(b)(2)(B)).
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+5Good For African Americans+4Good For Rural Residents+4Good For Hispanic Americans+3Good For Middle Class Households+3
- Social Issues And Justice
- Improves Poverty Reduction+4Improves Racial Equity+4
- Economy And Finance
- Improves Economic Growth+2Increases Job Creation+2Improves Small Business Support+1
- Governance And Ideology
- Improves Government Transparency+1
- 7/9/2026
- 1 Cosponsor added.
- 6/11/2026
- 2 Cosponsors added.
- 4/20/2026
- Referred to the House Committee on Financial Services.
- 5 Cosponsors added.
- Introduced in House
André CarsonDemocrat · Indiana
Al GreenDemocrat · Texas
Adelita GrijalvaDemocrat · Arizona
Julie JohnsonDemocrat · Texas
Eleanor NortonDemocrat · District of Columbia
Emilia SykesDemocrat · Ohio
Dina TitusDemocrat · Nevada
Rashida TlaibDemocrat · Michigan