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Easier Access to Public Aid: Eliminating Savings Limits

This act aims to simplify access to federal public assistance programs like TANF, SNAP, and LIHEAP by removing asset limits. This means low-income families can save money without losing benefits, improving their financial stability and reducing reliance on public aid. Additionally, resource limits for the SSI program will be increased and indexed for inflation.
Key points
No more asset limits for TANF, SNAP, and LIHEAP: You can save without losing benefits.
Increased resource limits for SSI: More people will qualify for financial support.
Easier to build savings: You can create a financial cushion for unexpected expenses.
Reduced bureaucracy: Simplified eligibility rules for assistance programs.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_1809
Sponsor: Sen. Coons, Christopher A. [D-DE]
Process start date: 2021-05-25
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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_S_1809.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-25.

What are the main provisions?

Key points include:

  • No more asset limits for TANF, SNAP, and LIHEAP: You can save without losing benefits.
  • Increased resource limits for SSI: More people will qualify for financial support.
  • Easier to build savings: You can create a financial cushion for unexpected expenses.
  • Reduced bureaucracy: Simplified eligibility rules for assistance programs.
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 Sen. Coons, Christopher A. [D-DE].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Benefits Family Economy