Proposed
Bill · 119th Congress · HR 10023
ASSET Act
Refreshed 3 h ago
Introduced 2026-08-03Topic: social services · agriculture food · energySummary
AI-generated summary, report an errorThis bill would stop states from using asset or savings limits to decide whether families qualify for programs funded by Temporary Assistance for Needy Families (TANF) grants. It would remove the asset limits used to decide eligibility for the Supplemental Nutrition Assistance Program (SNAP) and the Low-Income Home Energy Assistance Program (LIHEAP). For Supplemental Security Income (SSI), it would raise the resource limit to $20,000 for a couple and $10,000 for an individual in 2026, then adjust those amounts each year for inflation. States that need to pass their own laws to comply would get extra time, and most changes would apply to benefits starting 30 days after the bill becomes law.
Sponsors
- Jimmy Gomez Democrat sponsor
- 2 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-08-03 | House | Referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Energy and Commerce, and Education and 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. | refer |
| 2026-08-03 | House | Referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Energy and Commerce, and Education and 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. | refer |
| 2026-08-03 | House | Referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Energy and Commerce, and Education and 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. | refer |
| 2026-08-03 | House | Referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Energy and Commerce, and Education and 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. | refer |
| 2026-08-03 | Introduced in House | introduce | |
| 2026-08-03 | Introduced in House | introduce |