ASSET Act
- Last Action
- 7/15/2021
Actions
- 2021-07-15Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
- 2021-06-14Referred to the Subcommittee on Energy.
- 2021-06-11Referred to the Subcommittee on Worker and Family Support.
- 2021-06-11Referred 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.
- 2021-06-11Referred 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.
- 2021-06-11Referred 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.
- 2021-06-11Referred 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.
- 2021-06-11Introduced in House
- 2021-06-11Introduced in House
CRS Summary
As of 2021-06-11 (00)
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).
Cosponsors (12)
- Kim Schrier (D-WA)
- Jahana Hayes (D-CT)
- ELEANOR NORTON (D-DC)
- Ro Khanna (D-CA)
- ADAM SMITH (D-WA)
- Gwen Moore (D-WI)
- Terri Sewell (D-AL)
- Dwight Evans (D-PA)
- André Carson (D-IN)
- BARBARA LEE (D-CA)
- Salud Carbajal (D-CA)
- Steve Cohen (D-TN)
Subjects
- Employment and training programs
- Energy assistance for the poor and aged
- Food assistance and relief
- Inflation and prices
- Marriage and family status
- Poverty and welfare assistance
- State and local government operations
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.