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Children's Savings Accounts Excluded from Benefit Eligibility Calculations

New rules ensure that money in special children's savings accounts will not count against eligibility for social benefits like family assistance, aid for the elderly and disabled, food stamps, or energy bill help. This allows low-income families to save for their children's future without risking a loss of support. Funds from these accounts can be used for education, a first home, or starting a business.
Key points
The value of children's savings accounts will not be considered when determining eligibility for social benefits.
This applies to programs such as TANF (family assistance), SSI (elderly and disabled aid), SNAP (food stamps), and LIHEAP (energy assistance).
Funds from these accounts can be used for post-secondary education, a first home purchase, or business capitalization after age 18.
States failing to comply with these rules may face reductions in federal grants.
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Additional Information
Print number: 118_HR_5468
Sponsor: Rep. Cartwright, Matt [D-PA-8]
Process start date: 2023-09-14
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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

CSA OPPORTUNITY Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5468.

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 2023-09-14.

What are the main provisions?

Key points include:

  • The value of children's savings accounts will not be considered when determining eligibility for social benefits.
  • This applies to programs such as TANF (family assistance), SSI (elderly and disabled aid), SNAP (food stamps), and LIHEAP (energy assistance).
  • Funds from these accounts can be used for post-secondary education, a first home purchase, or business capitalization after age 18.
  • States failing to comply with these rules may face reductions in federal grants.
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. Cartwright, Matt [D-PA-8].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Nutrition, Foreign Agriculture, and Horticulture.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Benefits Family Education