Skip to main content
HR 5468 118th Congress House Social Welfare Bank accounts, deposits, capital Business investment and capital Energy assistance for the poor and aged Food assistance and relief Higher education Housing finance and home ownership Poverty and welfare assistance Student aid and college costs

CSA OPPORTUNITY Act

Introduced: September 14, 2023 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 26, 2023
Referred to the Subcommittee on Nutrition, Foreign Agriculture, and Horticulture.
Sep 15, 2023
Referred to the Subcommittee on Health.
Sep 14, 2023
Introduced in House
Sep 14, 2023
Referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Education and the Workforce, and Energy and Commerce, 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.
 Plain-English summary Congressional Research Service

Children's Savings Accounts Offer Parents Plenty Of Reasons To Understand and Invest in Tuition Yearly Act or the CSA OPPORTUNITY Act

This bill excludes the value of certain children's savings accounts, provided they meet specified requirements, when determining eligibility for particular means-tested federal programs.

To be excluded, the savings account must be created as part of a program organized by a government, nonprofit, school district, or college or university and meet other administrative criteria. Furthermore, proceeds of the account may only be used for postsecondary educational expenses, the purchase of a first home, or costs associated with starting a business once the individual receives a secondary school diploma or equivalent.

Programs subject to this bill are the Supplemental Nutrition Assistance Program (SNAP), Temporary Assistance for Needy Families (TANF), Supplemental Security Income for the Aged, Blind, and Disabled (SSI), and the Low-Income Home Energy Assistance Program (LIHEAP). If a state considers the value of children’s savings accounts in determining TANF eligibility in violation of this bill, the Department of Health and Human services is directed to reduce the state’s TANF grant for the next fiscal year. 

What's happening now September 26, 2023

Referred to the Subcommittee on Nutrition, Foreign Agriculture, and Horticulture.

 Committees of jurisdiction 6
 Cosponsors 4
All 4 Democratic 4