H.R. 10023

ASSET Act

2 cosponsors

Where it stands

Introduced Aug 3
Committee Now
House of Representatives —
Senate —
Law —

Introduced Aug 3
Committee Now
House of Representatives —
Senate —
Law —

Referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Energy and Commerce, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (Aug 3)

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Text of the bill

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Sec. 1. Short title; table of contents

(a) Short title. This Act may be cited as the Allowing Steady Savings by Eliminating Tests Act or the ASSET Act.

(b) Table of contents. The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Findings; sense of Congress. Sec. 3. States prohibited from imposing asset limits on programs funded by Temporary Assistance for Needy Families (TANF) grants. Sec. 4. Eliminating asset limits in the Supplemental Nutrition Assistance Program (SNAP). Sec. 5. Eliminating asset limit in Low-Income Home Energy Assistance Program (LIHEAP). Sec. 6. Updating and indexing the resource limit for Supplemental Security Income (SSI). Sec. 7. Effective date.

Sec. 2. Findings; sense of Congress

Sec. 3. States prohibited from imposing asset limits on programs funded by Temporary Assistance for Needy Families (TANF) grants

Sec. 4. Eliminating asset limits in supplemental nutrition assistance program

Sec. 5. Eliminating asset limit in Low-Income Home Energy Assistance Program (LIHEAP)

Sec. 6. Updating and indexing the resource limit for supplemental security income (SSI)

Sec. 7. Effective date