Helping More Families Save Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4385 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4385 To establish a pilot program to improve the family self-sufficiency program, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 14, 2025 Mr. Torres of New York (for himself and Mr. Timmons) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To establish a pilot program to improve the family self-sufficiency program, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Helping More Families Save Act''. SEC. 2. FAMILY SELF-SUFFICIENCY ESCROW EXPANSION PILOT PROGRAM. Section 23 of the United States Housing Act of 1937 (42 U.S.C. 1437u) is amended by adding at the end the following: ``(p) Escrow Expansion Pilot Program.-- ``(1) Definitions.--In this subsection: ``(A) Covered family.--The term `covered family' means a family that receives assistance under section 8 or 9 of this Act and is enrolled in the pilot program. ``(B) Eligible entity.--The term `eligible entity' means an entity described in subsection (c)(2). ``(C) Pilot program.--The term `pilot program' means the pilot program established under paragraph (2). ``(D) Welfare assistance.--The term `welfare assistance' has the meaning given the term in section 984.103 of title 24, Code of Federal Regulations, or any successor regulation. ``(2) Establishment.--The Secretary shall establish a pilot program under which the Secretary shall select not more than 25 eligible entities to establish and manage escrow accounts for not more than 5,000 covered families, in accordance with this subsection. ``(3) Escrow accounts.-- ``(A) In