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HR 3822 117th Congress House Social Welfare 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

ASSET Act

Introduced: June 11, 2021 Introduced by: Gomez, Jimmy Democratic · California See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 15, 2021
Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
Jun 14, 2021
Referred to the Subcommittee on Energy.
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 11, 2021
Introduced in House
 Plain-English summary Congressional Research Service

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's happening now July 15, 2021

Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.

 Committees of jurisdiction 7
 Cosponsors 11
All 11 Democratic 11