ASSET Act removes asset limits for eligibility in certain federal public assistance programs.

The ASSET Act eliminates asset limits for eligibility in the Low-Income Home Energy Assistance Program, the Supplemental Nutrition Assistance Program, and the Temporary Assistance for Needy Families. It also removes asset limits for Supplemental Security Income and delays compliance if state legislation is needed. The bill argues that asset limits hinder low-income families' financial stability and ability to save. The changes take effect January 1, 2026.

ASSET Act removes asset limits for eligibility in certain federal public assistance programs.

The ASSET Act eliminates asset limits for eligibility in the Low-Income Home Energy Assistance Program, the Supplemental Nutrition Assistance Program, and the Temporary Assistance for Needy Families. It also removes asset limits for Supplemental Security Income and delays compliance if state legislation is needed. The bill argues that asset limits hinder low-income families' financial stability and ability to save. The changes take effect January 1, 2026.