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H.R. 5468 118th Congress House

CSA OPPORTUNITY Act

Official title: To amend the Social Security Act, the Food and Nutrition Act of 2008, and the Low-Income Home Energy Assistance Act of 1981 to require that the value of childr… Show full official titleShow less

Official title: To amend the Social Security Act, the Food and Nutrition Act of 2008, and the Low-Income Home Energy Assistance Act of 1981 to require that the value of children's savings accounts be disregarded for the purpose of determining eligibility to receive certain benefits under such Acts, and for other purposes.

Introduced: September 14, 2023 See on congress.gov
Social Welfare Bank accounts, deposits, capitalBusiness investment and capitalEnergy assistance for the poor and agedFood assistance and relief
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Higher educationHousing finance and home ownershipPoverty and welfare assistanceStudent aid and college costs
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 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.
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 Latest action September 26, 2023

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

 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. 

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 6
 Cosponsors 4
All 4 Democratic 4
D
Smith, Adam
Washington · Sep 20, 2023
 D
Norton, Eleanor Holmes
District of Columbia · Sep 14, 2023
 D
Strickland, Marilyn
Washington · Sep 14, 2023
 D
Thompson, Bennie G.
Mississippi · Sep 14, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5468: CSA OPPORTUNITY Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-5468/
MLA
"H.R. 5468: CSA OPPORTUNITY Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-5468/.
Bluebook (legal)
H.R. 5468, 118th Cong. (2026), https://openamerica.io/bill/118-HR-5468/.
Markdown link
[H.R. 5468: CSA OPPORTUNITY Act](https://openamerica.io/bill/118-HR-5468/)
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