ASSET Act

[Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 9149 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 9149 To eliminate asset limits employed by certain federally funded means- tested public assistance programs, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 25, 2024 Mr. Gomez (for himself, Mrs. Hayes, Ms. Norton, Ms. Moore of Wisconsin, Mr. Khanna, Ms. Schrier, Mr. Smith of Washington, and Mr. Carbajal) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Energy and Commerce, and Education and the Workforce, 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 _______________________________________________________________________ A BILL To eliminate asset limits employed by certain federally funded means- tested public assistance programs, 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; TABLE OF CONTENTS. (a) Short Title.--This Act may be cited as the ``Allowing Steady Savings by Eliminating Tests Act'' or the ``ASSET Act''. (b) Table of Contents.--The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Findings; sense of Congress. Sec. 3. States prohibited from imposing asset limits on programs funded by Temporary Assistance for Needy Families (TANF) grants. Sec. 4. Eliminating asset limits in the supplemental nutrition assistance program (SNAP). Sec. 5. Eliminating asset limit in Low-Income Home Energy Assistance Program (LIHEAP). Sec. 6. Updating and indexing the resource limit for supplemental security income (SSI). Sec. 7. Effective date. SEC. 2. FINDINGS; SENSE OF CONGRESS.