ASSET Act

This bill would bar states from using asset limits, such as savings or other resources, to decide who qualifies for programs funded by Temporary Assistance for Needy Families (TANF) grants. It would also remove asset limits from 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 $10,000 for individuals and $20,000 for couples in 2026, then adjust these amounts each year using an inflation index for older consumers. States that need to pass new laws to comply would get extra time, and most changes would apply to benefits starting 30 days after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Christopher A. Coons Democrat sponsor
• 7 cosponsors