ASSET Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 11, 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).
What just happenedMar 5, 2020
Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
Who’s behind it
- Introduced in HouseFeb 11, 2020
- Mar 5, 2020Committee
Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
Nutrition, Foreign Agriculture, and Horticulture - Feb 11, 2020Committee
Referred to the Subcommittee on Worker and Family Support.
Work and Welfare Subcommittee - Feb 11, 2020IntroReferralH11100
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.
Education and the Workforce Committee - Feb 11, 2020IntroReferralH11100
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.
Energy and Commerce Committee - Feb 11, 2020IntroReferralH11100
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.
Agriculture Committee - Feb 11, 2020IntroReferralH11100
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.
Ways and Means Committee - Feb 11, 2020IntroReferralIntro-H
Introduced in House
- Feb 11, 2020IntroReferral1000
Introduced in House