Sponsors (3)
Official title: To eliminate asset limits employed by certain federally funded means-tested public assistance programs, and for other purposes.
Introduced August 3, 2026 by Jimmy Gomez · Last progress August 3, 2026
The bill reduces asset-related barriers and preserves savings for vulnerable households—expanding access to TANF, SNAP, LIHEAP, and SSI protections—while increasing federal and state program costs and imposing transitional administrative burdens on state governments.
Low-income families and parents: removing asset limits for TANF, SNAP, and LIHEAP lets households with modest savings keep benefits, increasing access to cash, food, and energy assistance.
People with disabilities and low-income seniors: raising SSI resource limits ($10,000 individual / $20,000 couple) and indexing them preserves eligibility and the real value of resources over time.
Families with children and low-income households: removing asset-based disqualification speeds access to food and energy assistance, reducing short-term food insecurity and risk of utility shutoffs.
Taxpayers and federal/state budgets: removing asset tests across multiple programs and increasing SSI resource limits/indexing will raise program outlays and increase fiscal costs.
State and local governments: changing statutes, updating eligibility rules, and revising IT/administrative systems will impose legislative and operational costs during the transition.
Taxpayers and perceptions of program targeting: removing asset tests may be viewed as expanding eligibility or reducing targeting, prompting political opposition and potential implementation delays.
Based on analysis of 6 sections of legislative text.
Eliminates asset/resource tests for TANF, SNAP, and LIHEAP and raises/indexes SSI resource limits to $10,000 (individual) and $20,000 (couple) starting in 2026.
Removes asset and financial‑resource tests that states use to deny or limit eligibility for major means‑tested programs (TANF, SNAP, and LIHEAP) and raises the Supplemental Security Income (SSI) resource limits to $10,000 for individuals and $20,000 for couples, with indexing for inflation beginning after 2026. Most program changes take effect for benefit months beginning 30 days after enactment, with the SSI dollar changes effective for calendar year 2026 and indexed thereafter. The bill also provides limited compliance delays for states that must change state law to conform state programs (delays run until the end of the first regular legislative session following enactment). It cleans up cross‑references and statutory language to remove resource-test provisions and adjusts administrative and research provisions tied to those tests.