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Financial support for family caregivers: planning and legal advice.

This Act aims to improve the financial situation of family caregivers, including older relatives caring for children or individuals with disabilities. It establishes a grant system for organizations to provide free financial planning services, covering advice on public benefits, debt management, and long-term care costs. This ensures citizens acting as caregivers receive necessary tools and information to better manage their finances and plan for future care needs.
Key points
New grants for financial planning services: Funds will be allocated to government agencies and non-profit organizations to offer free financial advice to family caregivers.
Comprehensive financial counseling: Services will include information on available public benefits, care options, budgeting, saving, debt management, and the cost of long-term care.
Legal support and estate planning: Caregivers will receive referrals for legal assistance on topics such as estate planning, power of attorney, and wills.
Service accessibility: Advice must be provided in accessible language, utilizing assistive technology, and offering translation services for caregivers whose primary language is not English.
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Additional Information
Print number: 118_S_4735
Sponsor: Sen. Markey, Edward J. [D-MA]
Process start date: 2024-07-23
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

FINANCE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_4735.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-07-23.

What are the main provisions?

Key points include:

  • New grants for financial planning services: Funds will be allocated to government agencies and non-profit organizations to offer free financial advice to family caregivers.
  • Comprehensive financial counseling: Services will include information on available public benefits, care options, budgeting, saving, debt management, and the cost of long-term care.
  • Legal support and estate planning: Caregivers will receive referrals for legal assistance on topics such as estate planning, power of attorney, and wills.
  • Service accessibility: Advice must be provided in accessible language, utilizing assistive technology, and offering translation services for caregivers whose primary language is not English.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Markey, Edward J. [D-MA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Family Benefits Health