Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 5848
116th Congress(2019-2020)
ASSET Act
Introduced
Introduced
Introduced in House on Feb 11, 2020
Overview
Text
Sponsor
Democrat
Introduced
Feb 11, 2020
Latest Action
Mar 5, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5848
Congress
116
Policy Area
Social Welfare
Social Welfare
Primary focus of measure is public assistance and Social Security programs; social services matters, including community service, volunteer, and charitable activities. Measures concerning such health programs as Medicare and Medicaid may fall under Health policy area.
Sponsorship by Party
Democrat
TJ Cox
California
Democrat
Barbara Lee
California
Democrat
Jimmy Gomez
California
Democrat
Ro Khanna
California
Democrat
William Lacy Clay
Missouri
Democrat
Adam Smith
Washington
Democrat
Kim Schrier
Washington
Democrat
Gwen Moore
Wisconsin
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Allowing Steady Savings by Eliminating Tests Act or the ASSET Act

This bill prohibits the use of asset tests or resource limits in certain means-tested public assistance programs and increases the resource limits to qualify for Supplemental Security Income (SSI). SSI is a federal income supplement program designed to help aged, blind, and disabled individuals with limited income and resources meet basic needs.

Under the bill, states may not use asset or resource limits to determine eligibility for (1) programs funded by Temporary Assistance for Needy Families grants, (2) the Supplemental Nutrition Assistance Program, or (3) the Low Income Home Energy Assistance Program.

In addition, an individual may have up to $10,000 in certain resources (or up to $20,000 for a couple) and qualify for SSI. Under current law, the limit is $2,000 for an individual (or $3,000 for a couple).

Text (1)
Introduced in House
February 11, 2020
Related Bills (1)
Feb 11, 2020
Introduced in Senate
13
Sponsorship
Introduced
Type
Identical Bill
Identical Bill
A bill that is word-for-word identical to another bill. Bills are characterized as identical to each other at the introduced stage only, even though a later (e.g., reported or passed) version of a bill might meet the same criteria for text similarity. Companion measures, procedurally-related measures, and legislation with text similarities are other related bill types.
Identified By
CRS
Actions (4)
03/05/2020
Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
02/11/2020
Referred to the Subcommittee on Worker and Family Support.
02/11/2020
Referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Energy and Commerce, and Education and Labor, 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.
02/11/2020
Introduced in House
Public Record
Record Updated
Feb 9, 2022 2:28:07 AM
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