August 3, 2026
Mr. Gomez (for himself, Mrs. Hayes, and Ms. Schrier) introduced the following bill; which was 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
A BILL
To eliminate asset limits employed by certain federally funded means-tested public assistance programs, and for other purposes.
1. Short title; table of contents; 2. Findings; sense of Congress; 3. States prohibited from imposing asset limits on programs funded by Temporary Assistance for Needy Families (TANF) grants; 4. Eliminating asset limits in the Supplemental Nutrition Assistance Program (SNAP); 5. Eliminating asset limit in Low-Income Home Energy Assistance Program (LIHEAP); 6. Updating and indexing the resource limit for Supplemental Security Income (SSI); 7. Effective date
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title; table of contents.
(a) .—This Act may be cited as the or the “ASSET Act”.