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Increased Financial Aid: Higher Limits for Federal Programs.

This bill raises the amount of money citizens can have while still qualifying for federal financial assistance and other benefits. This means more people can receive support, even if they have slightly more savings. These changes aim to make aid programs more accessible.
Key points
The limit on financial resources that do not affect eligibility for federal aid increases from $2,000 to $5,000.
More individuals will be able to qualify for support programs, such as financial assistance and other federal benefits.
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Status:
Introduced
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Additional Information
A bill to amend the Act of October 19, 1973, to increase the maximum dollar amount of per capita shares for purposes of eligibility for financial assistance or other benefits under Federal or federally assisted programs, and for other purposes.
Print number: S 2616
Sponsor: Sen. Smith, Tina [D-MN]
Process start date: 2025-07-31