Bills · HR 8373
IN COMMITTEE· 119TH CONGRESS
House BillHR 8373Finance and Financial Sector
Improving Access to Financial Coaching Act of 2026
This bill funds local organizations to provide free money-management advice to families in need and creates federal standards to ensure that financial coaches are properly trained and certified.AI-written
INTRO APR 20· LAST ACTION APR 20
READING
5MIN
COSPONSORS
8
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
tl;dr
AI-writtenDirects $100 million in federal grants to nonprofits and local banks to provide free financial coaching to low-income and minority communities while creating national quality standards for the coaching profession.
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenMany Americans struggle with debt and lack access to professional financial advice, which is often expensive. This bill aims to close that gap by funding services that have been shown to help people build long-term wealth and survive economic emergencies. By providing professional coaching in underserved neighborhoods, the bill seeks to improve the overall financial health and creditworthiness of communities that have traditionally been left out of the financial system. If passed, it would provide a structured way for the government to support personal financial stability at the household level.
KEY PROVISIONS
4AI-extractedPROVISION 01
Establishes a $100 million grant program for financial coaching.
It provides the necessary funding for local organizations to hire staff and reach more people in need of money management help.
PROVISION 02
Requires the Treasury to develop national certification standards for financial coaches.
This ensures that anyone calling themselves a 'financial coach' under this program meets a specific level of training and expertise.
PROVISION 03
Targets funding toward rural areas and minority-majority communities.
It directs resources specifically to the neighborhoods and populations that have historically had the least access to financial services.
PROVISION 04
Allows organizations to use grants for technical assistance and sub-grants.
This allows larger, experienced organizations to help smaller, local groups start their own coaching programs.
SPONSORSHIP
1 + 8
D· Texas
YRS IN OFFICE
7
BILLS LED
20
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 8 REP 0 IND 0
ACTION TIMELINE
2 EVENTSAPR 20
Introduced in House
APR 20
Referred to the House Committee on Financial Services.
BILL INFO
TypeHouse Bill
NumberHR 8373
Congress119th
StatusIn Committee
IntroducedApr 20, 2026
Last actionApr 20, 2026
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IN COMMITTEE· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED APR 20, 2026
House BillHR 8373Finance and Financial Sector
Improving Access to Financial Coaching Act of 2026
This bill funds local organizations to provide free money-management advice to families in need and creates federal standards to ensure that financial coaches are properly trained and certified.AI-written
INTRODUCED APR 20, 2026· LAST ACTION APR 20, 2026
PASSAGE CHANCES
—%
READING
5 min
COSPONSORS
8
COMPLEXITY
Moderate
