II 

118TH CONGRESS 

2D SESSION S. 4735 

To amend the Older Americans Act of 1965 to provide financial planning 

services related to the needs of family caregivers, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

JULY 23, 2024 

Mr. MARKEY (for himself and Mr. CASEY) 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 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Financial Services Im5 proving Noble and Necessary Caregiving Experience Act’’ 

6 or the ‘‘FINANCE Act’’. 


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1 SEC. 2. FINANCIAL PLANNING SERVICES. 

2 Title IV of the Older Americans Act of 1965 is 

3 amended by inserting after section 414 (42 U.S.C. 3032c) 

4 the following: 

5 ‘‘SEC. 415. FINANCIAL PLANNING SERVICES. 

6 ‘‘(a) DEFINITIONS.—In this section: 

7 ‘‘(1) The term ‘family caregiver’— 

8 ‘‘(A) means— 

9 ‘‘(i) an adult family member, or an10 other individual, who is an informal pro11 vider of in-home and community care to an 

12 older individual or to an individual of any 

13 age with Alzheimer’s disease or a related 

14 disorder with neurological and organic 

15 brain dysfunction; or 

16 ‘‘(ii) an older relative caregiver; and 

17 ‘‘(B) does not include an individual pro18 viding care whose primary relationship with the 

19 individual receiving the care is based on a fi20 nancial or professional agreement. 

21 ‘‘(2) The term ‘older relative caregiver’ means 

22 a caregiver who— 

23 ‘‘(A)(i) is age 55 or older; and 

24 ‘‘(ii) lives with, is the informal provider of 

25 in-home and community care to, and is the priVerDate Sep 11 2014 19:03 Aug 20, 2024 Jkt 049200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S4735.IS S4735

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1 mary caregiver for, a child or an individual with 

2 a disability; 

3 ‘‘(B) in the case of a caregiver for a 

4 child— 

5 ‘‘(i) is the grandparent, 

6 stepgrandparent, or other relative (other 

7 than the parent) by blood, marriage, or 

8 adoption, of the child; 

9 ‘‘(ii) is the primary caregiver of the 

10 child because the biological or adoptive 

11 parents are unable or unwilling to serve as 

12 the primary caregivers of the child; and 

13 ‘‘(iii) has a legal relationship to the 

14 child, such as legal custody, adoption, or 

15 guardianship, or is raising the child infor16 mally; and 

17 ‘‘(C) in the case of a caregiver for an indi18 vidual with a disability, is the parent, grand19 parent, or other relative by blood, marriage, or 

20 adoption, of the individual with a disability. 

21 ‘‘(b) GRANTS.—The Assistant Secretary may make 

22 grants to eligible entities to provide financial planning 

23 services related to the needs of family caregivers. 

24 ‘‘(c) ELIGIBLE ENTITY.—To be eligible to receive a 

25 grant under subsection (b), an entity shall be a State or 


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1 local government agency, a nonprofit organization, an area 

2 agency on aging, the provider of a multipurpose senior 

3 center, an institution of higher education, or a tribal orga4 nization. 

5 ‘‘(d) APPLICATION.—To be eligible to receive a grant 

6 under subsection (b), an entity shall submit an application 

7 to the Assistant Secretary at such time, in such manner, 

8 and containing such information as the Assistant Sec9 retary may require. 

10 ‘‘(e) USE OF FUNDS.—An eligible entity that receives 

11 a grant under subsection (b) shall use the grant funds— 

12 ‘‘(1) to provide financial planning services, 

13 through individuals with the appropriate training 

14 and licenses, that include— 

15 ‘‘(A) guidance on available public benefits; 

16 ‘‘(B) guidance on care options, including 

17 on supports for paid and unpaid family care18 givers; 

19 ‘‘(C) information on budgeting, saving, and 

20 spending; 

21 ‘‘(D) information on how and when to 

22 begin talking about desires and wishes around 

23 care as an individual ages; 

24 ‘‘(E) guidance on managing debt, debt re25 lief, and bankruptcy; 


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1 ‘‘(F) information and education on what 

2 long-term care will cost; 

3 ‘‘(G) resources and information, including 

4 outreach materials, technical assistance mate5 rials, and other resources and information avail6 able through the center referred to in section 

7 215(k); and 

8 ‘‘(H) referrals to providers of legal assist9 ance under title III or VII, for legal assistance 

10 on topics including estate planning, power of at11 torney, health care powers, and wills; and 

12 ‘‘(2) to provide those services in a manner that 

13 is accessible, as appropriate for the recipient, includ14 ing providing the services— 

15 ‘‘(A) through assistive technology; 

16 ‘‘(B) in accessible language; 

17 ‘‘(C) for caregivers for whom English is 

18 not their primary language, through translation 

19 or interpretation services; and 

20 ‘‘(D) for caregivers, in accessible formats, 

21 including formats compatible with American 

22 Sign Language and multiple languages.’’. 

Æ 


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