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Ending Asset Limits for Public Assistance Programs

This bill aims to make it easier for low-income families to save money without losing access to crucial public assistance programs like aid for needy families, food stamps, and energy bill assistance. It also increases savings limits for individuals receiving disability or age-related support, allowing them greater financial stability.
Key points
Eliminates asset limits for Temporary Assistance for Needy Families (TANF), Supplemental Nutrition Assistance Program (SNAP), and Low Income Home Energy Assistance Program (LIHEAP).
Increases and indexes the resource limit for Supplemental Security Income (SSI) recipients.
Allows families to build savings for unexpected expenses without risking loss of benefits.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_3822
Sponsor: Rep. Gomez, Jimmy [D-CA-34]
Process start date: 2021-06-11
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

ASSET Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3822.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-06-11.

What are the main provisions?

Key points include:

  • Eliminates asset limits for Temporary Assistance for Needy Families (TANF), Supplemental Nutrition Assistance Program (SNAP), and Low Income Home Energy Assistance Program (LIHEAP).
  • Increases and indexes the resource limit for Supplemental Security Income (SSI) recipients.
  • Allows families to build savings for unexpected expenses without risking loss of benefits.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Gomez, Jimmy [D-CA-34].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Benefits Family Economy