S. 5186
Introduced in Senate · August 5, 2026July 30, 2026
Mr. Coons (for himself, Mr. Kaine, Mr. Van Hollen, Ms. Baldwin, Mr. Reed, Mr. Schatz, Mr. Booker, and Mrs. Gillibrand) introduced the following bill; which was read twice and referred to the Committee on Finance
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) Short title.—This Act may be cited as the or the “ASSET Act”.