To eliminate asset limits employed by certain federally funded means-tested public assistance programs, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To eliminate asset limits employed by certain federally funded means-tested public assistance programs, and for other purposes., changes federal law or congressional policy affecting families, benefit recipients, nonprofits, and service providers. The main policy domain is Social Welfare, Government Operations, Finance.
Who Benefits and How
families, benefit recipients, nonprofits, and service providers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, families, benefit recipients, nonprofits, and service providers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title; table of contents This Act may be cited as the Allowing Steady Savings by Eliminating Tests Act or the ASSET Act. The table of contents for...
- Section id9113926D98D34A3EB48B39B9BF449B14: 2. Findings; sense of Congress Congress finds as follows: Many means-tested public assistance programs limit eligibility for benefits on the basis of the...
- Section idE801335A01D540C5B83A3B346E2F5974: 3. States prohibited from imposing asset limits on programs funded by Temporary Assistance for Needy Families (TANF) grants Section 408(a) of the Social...
- Section id404C9A2BD4AD4C1B9404062ABAEE1DC2: 4. Eliminating asset limits in the supplemental nutrition assistance program (SNAP) Section 5 of the Food and Nutrition Act of 2008 (7 U.S.C. 2014) is amended—...
- Section idE490098876A047DA83C4A133E59AD3FD: 5. Eliminating asset limit in Low-Income Home Energy Assistance Program (LIHEAP) Section 2605(b)(2) of the Low-Income Home Energy Assistance Act of 1981 (42...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To eliminate asset limits employed by certain federally funded means-tested public assistance programs, and for other purposes., changes federal law or congressional policy affecting families, benefit recipients, nonprofits, and service providers.
Key Policy Areas
Social Welfare, Government Operations, Finance
Primary Purpose
This bill, To eliminate asset limits employed by certain federally funded means-tested public assistance programs, and for other purposes., changes federal law or congressional policy affecting families, benefit recipients, nonprofits, and service providers.
Policy Domains
Whole bill
Identified Gains
- families, benefit recipients, nonprofits, and service providers
Identified Costs
- federal implementing agencies
- families, benefit recipients, nonprofits, and service providers
Sponsors
Legislative Progress
IntroducedMr. Coons (for himself, Mr. Brown, Mr. Kaine, Mr. Schatz, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_agriculture"
- → Secretary of Agriculture
- "secretary_of_health_and_human_services"
- → Secretary of Health and Human Services
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology