ASSET Act eliminates asset limits for certain federal public assistance programs.

The ASSET Act removes asset limits for eligibility in federally funded public assistance programs, including Temporary Assistance for Needy Families (TANF), Supplemental Nutrition Assistance Program (SNAP), and Low-Income Home Energy Assistance Program (LIHEAP). It also updates the resource limit for Supplemental Security Income (SSI) and adjusts related provisions in various statutes. The changes aim to reduce barriers for low-income families to improve their financial circumstances. The act's provisions take effect starting January 1, 2026.

ASSET Act eliminates asset limits for certain federal public assistance programs.

The ASSET Act removes asset limits for eligibility in federally funded public assistance programs, including Temporary Assistance for Needy Families (TANF), Supplemental Nutrition Assistance Program (SNAP), and Low-Income Home Energy Assistance Program (LIHEAP). It also updates the resource limit for Supplemental Security Income (SSI) and adjusts related provisions in various statutes. The changes aim to reduce barriers for low-income families to improve their financial circumstances. The act's provisions take effect starting January 1, 2026.