ASSET Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jun 11, 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).
What just happenedJul 15, 2021
Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
Who’s behind it
- Introduced in HouseJun 11, 2021
- Jul 15, 2021Committee
Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
Nutrition, Foreign Agriculture, and Horticulture - Jun 14, 2021Committee
Referred to the Subcommittee on Energy.
Energy, Climate and Grid Security Subcommittee - Jun 11, 2021Committee
Referred to the Subcommittee on Worker and Family Support.
Work and Welfare Subcommittee - Jun 11, 2021IntroReferralH11100
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 - Jun 11, 2021IntroReferralH11100
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 - Jun 11, 2021IntroReferralH11100
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 - Jun 11, 2021IntroReferralH11100
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 - Jun 11, 2021IntroReferralIntro-H
Introduced in House
- Jun 11, 2021IntroReferral1000
Introduced in House