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ASSET Act

USA117th CongressHR-3822| House 
| Updated: 7/15/2021
Jimmy Gomez

Jimmy Gomez

Democratic Representative

California

Cosponsors (12)
Dwight Evans (Democratic)Kim Schrier (Democratic)Barbara Lee (Democratic)Terri A. Sewell (Democratic)Steve Cohen (Democratic)Ro Khanna (Democratic)André Carson (Democratic)Jahana Hayes (Democratic)Eleanor Holmes Norton (Democratic)Salud O. Carbajal (Democratic)Adam Smith (Democratic)Gwen Moore (Democratic)
Committees (7)
• Ways and Means Committee• Agriculture Committee• Work and Welfare Subcommittee• Energy 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

Bill from Previous Congress

HR 116-5848
ASSET Act
May 25, 2021

Latest Companion Bill Action

S 117-1809
Introduced in Senate
Jun 11, 2021
Introduced in House
Jun 11, 2021
Referred to the Subcommittee on Worker and Family Support.
Jun 11, 2021
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.
Jun 14, 2021
Referred to the Subcommittee on Energy.
Jul 15, 2021
Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
  • Bill from Previous Congress

    HR 116-5848
    ASSET Act


  • May 25, 2021

    Latest Companion Bill Action

    S 117-1809
    Introduced in Senate


  • June 11, 2021
    Introduced in House


  • June 11, 2021
    Referred to the Subcommittee on Worker and Family Support.


  • June 11, 2021
    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.


  • June 14, 2021
    Referred to the Subcommittee on Energy.


  • July 15, 2021
    Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.

Social Welfare

Related Bills

  • S 117-1809: ASSET Act
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

USA117th CongressHR-3822| House 
| Updated: 7/15/2021
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).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-5848
ASSET Act
May 25, 2021

Latest Companion Bill Action

S 117-1809
Introduced in Senate
Jun 11, 2021
Introduced in House
Jun 11, 2021
Referred to the Subcommittee on Worker and Family Support.
Jun 11, 2021
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.
Jun 14, 2021
Referred to the Subcommittee on Energy.
Jul 15, 2021
Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
  • Bill from Previous Congress

    HR 116-5848
    ASSET Act


  • May 25, 2021

    Latest Companion Bill Action

    S 117-1809
    Introduced in Senate


  • June 11, 2021
    Introduced in House


  • June 11, 2021
    Referred to the Subcommittee on Worker and Family Support.


  • June 11, 2021
    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.


  • June 14, 2021
    Referred to the Subcommittee on Energy.


  • July 15, 2021
    Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
Jimmy Gomez

Jimmy Gomez

Democratic Representative

California

Cosponsors (12)
Dwight Evans (Democratic)Kim Schrier (Democratic)Barbara Lee (Democratic)Terri A. Sewell (Democratic)Steve Cohen (Democratic)Ro Khanna (Democratic)André Carson (Democratic)Jahana Hayes (Democratic)Eleanor Holmes Norton (Democratic)Salud O. Carbajal (Democratic)Adam Smith (Democratic)Gwen Moore (Democratic)
Committees (7)
• Ways and Means Committee• Agriculture Committee• Work and Welfare Subcommittee• Energy Subcommittee• Energy and Commerce Committee• Education and Workforce Committee• Nutrition and Foreign Agriculture Subcommittee

Social Welfare

Related Bills

  • S 117-1809: ASSET Act
  • 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