U.S. Congress legislation · 119th Congress
HB10023: ASSET Act
Status: In committee, August 3, 2026
To eliminate asset limits employed by certain federally funded means-tested public assistance programs, and for other purposes.
What the bill says
To eliminate asset limits employed by certain federally funded means-tested public assistance programs, and for other purposes.
From the introduced text, August 3, 2026:
A BILL To eliminate asset limits employed by certain federally funded means-tested public assistance programs, and for other purposes. SECTION 1. Short title; table of contents (a) Short title This Act may be cited as the Allowing Steady Savings by Eliminating Tests Act or the ASSET Act . (b) Table of contents The table of contents for this Act is as table of contents. Sec. 2. Findings; sense of Congress. Sec. 3. States prohibited from imposing asset limits on programs funded by Temporary Assistance for Needy Families (TANF) grants. Sec. 4. Eliminating asset limits in the Supplemental Nutrition Assistance Program (SNAP). Sec. 5. Eliminating asset limit in Low-Income Home Energy Assistance Program (LIHEAP). Sec. 6. Updating and indexing the resource limit for Supplemental Security Income (SSI). Sec. 7. Effective date. SECTION 2. Findings; sense of Congress (a) Findings Congress finds as follows: (1) Many means-tested public assistance programs limit eligibility for benefits on the basis of the assets of a family, such as savings and other resources. Such asset limits impede the ability of needy families to improve their financial circumstances and thereby reduce their dependence on public assistance programs. (2) Restricting eligibility for public assistance programs on the basis of assets negatively affects the financial security of low-income families. For example, to avoid losing eligibility for public assistance under …
Sponsors
- Jimmy Gomez (D) · primary sponsor
- Jahana Hayes (D, HD-005)
- Kim Schrier (D, HD-008)
Latest actions
- : 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.
- : Introduced in House
Subjects: Social Welfare
Common questions
- What is HB10023?
- HB10023 is a bill in Congress (119th Congress): ASSET Act.
- What does HB10023 do?
- In its own words: To eliminate asset limits employed by certain federally funded means-tested public assistance programs, and for other purposes.
- What is the status of HB10023?
- In committee as of August 3, 2026. Latest action: 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. (August 3, 2026).
- Who sponsored HB10023?
- Jimmy Gomez (D), with 2 co-sponsors.
- Where is the official record for HB10023?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10023
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.