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S 586 103th Congress Senate

Microenterprise and Asset Development Act

Official title: A bill to raise the asset limit for AFDC recipients engaged in a microenterprise business, and for other purposes.

Introduced: March 16, 1993 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
Social Welfare Aid to dependent childrenAutomobilesCongressional reporting requirementsEconomic development
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EducationHome ownershipHousing and Community DevelopmentHousing financeIncomeIndividual retirement accountsInterestManpower training programsPublic assistance programsSavings accountsSavings bondsSmall businessSocial security eligibility
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 16, 1993
Read twice and referred to the Committee on Finance.
Mar 16, 1993
Sponsor introductory remarks on measure. (CR S2920)
Mar 16, 1993
Introduced in Senate
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 Latest action March 16, 1993

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Microenterprise and Asset Development Act - Amends part A (Aid to Families with Dependent Children) (AFDC) of title IV of the Social Security Act (SSA) to exclude from AFDC eligibility determinations certain income and resources that are to be used for education, training, and employability purposes.

Requires the Secretary of Health and Human Services to report to the Congress on a revision of the AFDC limit on automobiles in order to increase the employability of AFDC recipients.

Provides for State agency exclusion from AFDC eligibility determinations of certain resources related to microenterprise initiatives by AFDC recipients towards self-sufficiency.

Requires State agencies to ensure that caseworkers advise AFDC recipients of the option for microenterprises.

Provides for the inclusion of microenterprise training and activities in the JOBS program under SSA title IV part F (Job Opportunities and Basic Skills Training Program).

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 586: Microenterprise and Asset Development Act. 103rd Congress. Open America. https://openamerica.io/bill/103-S-586/
MLA
"S. 586: Microenterprise and Asset Development Act." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-S-586/.
Bluebook (legal)
S. 586, 103rd Cong. (2026), https://openamerica.io/bill/103-S-586/.
Markdown link
[S. 586: Microenterprise and Asset Development Act](https://openamerica.io/bill/103-S-586/)
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