ASSET Act
USA116th CongressHR-5848| House
| Updated: 3/5/2020
TJ Cox
Democratic Representative
California
Cosponsors (7)
Committees (6)
• Ways and Means Committee• Agriculture Committee• Work and Welfare Subcommittee• Energy and Commerce Committee• Education and Workforce Committee• Nutrition and Foreign Agriculture Subcommittee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Allowing Steady Savings by Eliminating Tests Act or the ASSET Act This bill prohibits the use of asset tests or resource limits in certain means-tested public assistance programs and increases the resource limits to qualify for Supplemental Security Income (SSI). SSI is a federal income supplement program designed to help aged, blind, and disabled individuals with limited income and resources meet basic needs. Under the bill, states may not use asset or resource limits to determine eligibility for (1) programs funded by Temporary Assistance for Needy Families grants, (2) the Supplemental Nutrition Assistance Program, or (3) the Low Income Home Energy Assistance Program. In addition, an individual may have up to $10,000 in certain resources (or up to $20,000 for a couple) and qualify for SSI. Under current law, the limit is $2,000 for an individual (or $3,000 for a couple).
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Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Energy and Commerce, and Education and Labor, 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.
Referred to the Subcommittee on Worker and Family Support.
Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
Social Welfare
Employment and training programsEnergy assistance for the poor and agedFood assistance and reliefInflation and pricesMarriage and family statusPoverty and welfare assistanceState and local government operations
ASSET Act
USA116th CongressHR-5848| House
| Updated: 3/5/2020
Allowing Steady Savings by Eliminating Tests Act or the ASSET Act This bill prohibits the use of asset tests or resource limits in certain means-tested public assistance programs and increases the resource limits to qualify for Supplemental Security Income (SSI). SSI is a federal income supplement program designed to help aged, blind, and disabled individuals with limited income and resources meet basic needs. Under the bill, states may not use asset or resource limits to determine eligibility for (1) programs funded by Temporary Assistance for Needy Families grants, (2) the Supplemental Nutrition Assistance Program, or (3) the Low Income Home Energy Assistance Program. In addition, an individual may have up to $10,000 in certain resources (or up to $20,000 for a couple) and qualify for SSI. Under current law, the limit is $2,000 for an individual (or $3,000 for a couple).
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Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Energy and Commerce, and Education and Labor, 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.
Referred to the Subcommittee on Worker and Family Support.
Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
TJ Cox
Democratic Representative
California
Cosponsors (7)
Committees (6)
• Ways and Means Committee• Agriculture Committee• Work and Welfare Subcommittee• Energy and Commerce Committee• Education and Workforce Committee• Nutrition and Foreign Agriculture Subcommittee
Social Welfare
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Employment and training programsEnergy assistance for the poor and agedFood assistance and reliefInflation and pricesMarriage and family statusPoverty and welfare assistanceState and local government operations