PlainBillCongress, translated.Legislation. Context. Public interest.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.
Congressional Research Service
No official summary is available in the imported record yet.
People & committees
Rep. Gomez, Jimmy [D-CA-34] · D–CA
Legislative record
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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.
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.
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.
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.
Introduced in House
Introduced in House
Primary sources
Text links open the official source. We also preserved the text version used in the PlainBill explanation below.
Source last updated: Aug 19, 2026. Consult Congress.gov for the current record.
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Analyze H.R.10023 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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PlainBill explanation
Based on the full Introduced in House · 2026-08-03 text. This explanation has not received human editorial review. This overview describes the proposal’s major provisions; it does not establish what its real-world effects would be.
The proposed ASSET Act would remove limits on savings and other assets used to determine eligibility for family assistance, food assistance, and home-energy assistance. It would also set new resource limits for Supplemental Security Income and adjust them annually using a price index for older consumers. Some states could receive additional time to implement the changes when state legislation is required.
A State to which a grant is made under section 403 shall not apply any asset or resource limit for eligibility of a family for any benefit, assistance, or service provided under the State program funded under this part.
4. Eliminating asset limits in supplemental nutrition assistance program
the State may not exclude a household from eligibility in a fiscal year solely or partially on the basis of the assets of 1 or more members of the household
$20,000 in calendar year 2026, and shall be increased as described in section 1617(d) for each subsequent calendar year.
the average of the Consumer Price Index for Elderly Consumers (CPI–E, as published by the Bureau of Labor Statistics of the Department of Labor)
the Secretary of Health and Human Services determines requires State legislation (other than legislation appropriating funds)
such State shall not be regarded as failing to comply with the requirements of such paragraph before the first day of the first calendar quarter that begins after the close of the first regular session of the State legislature that begins after the date of enactment of this Act.
Section 1 would name the bill the Allowing Steady Savings by Eliminating Tests Act, or ASSET Act.
This Act may be cited as the Allowing Steady Savings by Eliminating Tests Act or the ASSET Act.
Section 2 states the bill's rationale: asset limits can discourage saving, and eliminating them can reduce administrative costs. These are proposed congressional findings, not effects independently established by the supplied evidence. The section also expresses Congress's view that certain federally funded assistance programs based on financial need should not restrict eligibility through asset limits.
Congress finds as follows:
to avoid losing eligibility for public assistance under an asset limit, a family may avoid mainstream financial services such as bank accounts, or refrain from acquiring and saving resources that would enable the family to weather an unanticipated expense.
Evidence from States that have eliminated asset limits suggests that the administrative cost savings associated with the elimination of asset limits outweigh any increases in payments made to beneficiaries.
It is the sense of Congress that certain federally funded means-tested public assistance programs should not utilize asset limits to restrict eligibility for assistance under those programs.
Section 3 would prohibit states receiving Temporary Assistance for Needy Families grants from imposing an asset or resource limit on a family's eligibility for any benefit, assistance, or service under the covered state program.
3. States prohibited from imposing asset limits on programs funded by Temporary Assistance for Needy Families (TANF) grants
A State to which a grant is made under section 403 shall not apply any asset or resource limit for eligibility of a family for any benefit, assistance, or service provided under the State program funded under this part.
Section 3 would also delete resource-related wording and one subparagraph from Social Security Act section 408(f). The existing subsection is not reproduced, so the supplied text does not establish the full effect of those deletions.
Section 408(f) of the Social Security Act (42 U.S.C. 608(f)) is amended— (1) in the matter preceding paragraph (1), by striking or resources; and (2) in paragraph (1)— (A) in the paragraph heading, by striking and resources; (B) by striking subparagraph (B); (C) by redesignating subparagraph (C) as subparagraph (B); and (D) in subparagraph (B) (as so redesignated), by striking and resources each place it appears.
For family assistance, the Secretary of Health and Human Services could determine that a state needs legislation other than a funding appropriation to comply. That state would have until the first day of the first calendar quarter after its first regular legislative session beginning after enactment ends. Each year of a two-year session would count separately.
In the case of a State to which a grant is made under section 403 of the Social Security Act (42 U.S.C. 603) that the Secretary of Health and Human Services determines requires State legislation (other than legislation appropriating funds) to meet the requirements of paragraph (13) of section 408(a) of such Act (42 U.S.C. 608(a)), such State shall not be regarded as failing to comply with the requirements of such paragraph before the first day of the first calendar quarter that begins after the close of the first regular session of the State legislature that begins after the date of enactment of this Act.
in the case of a State that has a 2-year legislative session, each year of the session shall be considered to be a separate regular session of the State legislature.
Section 4 would eliminate asset limits in the Supplemental Nutrition Assistance Program, which provides food assistance. Its amendments would remove financial-resource wording from household eligibility provisions and delete subsections (g) and (j) of section 5 of the Food and Nutrition Act. The deleted subsections are not reproduced.
Sec. 4. Eliminating asset limits in the Supplemental Nutrition Assistance Program (SNAP).
Section 5 of the Food and Nutrition Act of 2008 (7 U.S.C. 2014) is amended— (1) in subsection (a)— (A) in the first sentence, by striking and other financial resources;
(3) by striking subsections (g) and (j);
The food-assistance changes would also remove financial-resource wording from eligibility-disqualification provisions, delete section 6(h), and delete sections 17(h) and 17(i) concerning research, demonstrations, and evaluations. Related provisions would be renumbered. Without the existing statutory text, the complete scope of these deletions cannot be determined from the bundle.
(b) Eligibility disqualifications Section 6 of the Food and Nutrition Act of 2008 (7 U.S.C. 2015) is amended—
(2) in subsection (f), in the undesignated matter following subparagraph (D) of paragraph (2), by striking and financial resources; (3) by striking subsection (h); (4) by redesignating subsections (i) through (s) as subsections (h) through (r), respectively;
(c) Research, demonstration, and evaluations Section 17 of the Food and Nutrition Act of 2008 (7 U.S.C. 2026) is amended— (1) by striking subsections (h) and (i); (2) by redesignating subsections (j) through (n) as subsections (h) through (l), respectively;
Section 4 would update references in other laws to match the food-assistance provisions' new numbering. These include references in the Workforce Innovation and Opportunity Act and the Social Security Act.
Section 103(a)(2)(D) of the Workforce Innovation and Opportunity Act (29 U.S.C. 3113(a)(2)(D)) is amended by striking section 6(o) of the Food and Nutrition Act of 2008 (7 U.S.C. 2015(o)) and inserting subsection (n) of section 6 of the Food and Nutrition Act of 2008 (7 U.S.C. 2015).
Section 454 of the Social Security Act (42 U.S.C. 654) is amended— (A) in paragraph (4)(A)(i), by striking section 6(l)(1) of the Food and Nutrition Act of 2008 (7 U.S.C. 2015(l)(1)) and inserting subsection (k)(1) of section 6 of the Food and Nutrition Act of 2008 (7 U.S.C. 2015);
For food assistance, a state plan could receive implementation time if the Secretary of Agriculture determines that state legislation other than a funding appropriation is necessary. The protection from being found out of compliance for these new requirements would end on the first day of the first calendar quarter after the first regular legislative session beginning after enactment ends. Each year of a two-year session would count separately.
If the Secretary of Agriculture determines that State legislation (other than legislation appropriating funds) is required in order for a State plan under section 11 of the Food and Nutrition Act of 2008 (7 U.S.C. 2020) to meet the additional requirements imposed by the amendments made by this section, the State plan shall not be regarded as failing to comply with the requirements of that section solely on the basis of the failure of the plan to meet those additional requirements before the first day of the first calendar quarter that begins after the close of the first regular session of the State legislature that begins after the date of enactment of this Act.
if a State has a 2-year legislative session, each year of the session shall be considered to be a separate regular session of the State legislature.
Section 5 would prohibit states from excluding a household from the Low-Income Home Energy Assistance Program solely or partly because of assets held by any household member.
5. Eliminating asset limit in Low-Income Home Energy Assistance Program (LIHEAP)
the State may not exclude a household from eligibility in a fiscal year solely or partially on the basis of the assets of 1 or more members of the household
For home-energy assistance, the Secretary of Health and Human Services could determine that state legislation other than a funding appropriation is necessary. A state plan would then be protected from a noncompliance finding based solely on the new requirements until the first day of the first calendar quarter after the first regular legislative session beginning after enactment ends. Each year of a two-year session would count separately.
In the case of a State plan under section 2605 of the Low-Income Home Energy Assistance Act of 1981 (42 U.S.C. 8624) that the Secretary of Health and Human Services determines requires State legislation (other than legislation appropriating funds) in order for the plan to meet the additional requirements imposed by the amendment made by this section, the State plan shall not be regarded as failing to comply with the requirements of such section 2605 solely on the basis of the failure of the plan to meet those additional requirements before the first day of the first calendar quarter that begins after the close of the first regular session of the State legislature that begins after the date of enactment of this Act.
in the case of a State that has a 2-year legislative session, each year of the session shall be considered to be a separate regular session of the State legislature.
Section 6 would set the Supplemental Security Income resource limits at $20,000 for calendar year 2026 in section 1611(a)(3)(A), and $10,000 in section 1611(a)(3)(B), with annual adjustments afterward. The bill describes these as limits for individuals and couples, but does not reproduce the existing language identifying which group each subparagraph covers.
Update in resource limit for individuals and couples Section 1611(a)(3) of the Social Security Act (42 U.S.C. 1382(a)(3)) is amended— (A) in subparagraph (A), by striking $2,250 and all that follows through the end of the subparagraph and inserting $20,000 in calendar year 2026, and shall be increased as described in section 1617(d) for each subsequent calendar year.; and (B) in subparagraph (B), by striking $1,500 and all that follows through the end of the subparagraph and inserting $10,000 in calendar year 2026, and shall be increased as described in section 1617(d) for each subsequent calendar year.
For years after 2026, the Supplemental Security Income limits would be adjusted using the Consumer Price Index for Elderly Consumers, a price index published by the Bureau of Labor Statistics. The formula compares the average for the 12 months ending in September of the preceding year with the average for the 12 months ending in September 2025. The multiplier could not be less than one.
In the case of any calendar year after 2026, each of the amounts specified in section 1611(a)(3) shall be increased by multiplying each such amount by the quotient (not less than 1) obtained by dividing— (1) the average of the Consumer Price Index for Elderly Consumers (CPI–E, as published by the Bureau of Labor Statistics of the Department of Labor) for the 12-month period ending with September of the preceding calendar year, by (2) such average for the 12-month period ending with September 2025.
The Supplemental Security Income amendments would take effect as if enacted on January 1, 2026.
The amendments made by this section shall take effect as if enacted on January 1, 2026.
Except where another provision supplies a different rule, the amendments would apply to benefits for calendar months beginning on or after the date 30 days after enactment.
Except as otherwise provided, the amendments made by this Act shall apply to benefits for calendar months beginning on or after the date that is 30 days after the date of enactment of this Act.
The supplied official-actions snapshot, updated August 19, 2026, records introduction in the House on August 3, 2026, and referral that day to Ways and Means, Agriculture, Energy and Commerce, and Education and Workforce, according to each committee's jurisdiction. This snapshot does not establish subsequent legislative action or enactment.
Source snapshot updated 2026-08-19T18:09:02Z.
2026-08-03: Introduced in House
2026-08-03: 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 closer look
Reviewed version: Introduced in House · 2026-08-03. These findings describe provisions and who may benefit; they are not judgments of waste, corruption, or motive.
This review covers the supplied bill text. “None identified” does not rule out provisions in later versions or accompanying reports and disclosures.
Provisions outside the bill’s main subject, or policy changes attached to appropriations.
None identified in the reviewed text
No unrelated provision or policy change attached to appropriations was identified in the complete supplied introduced text. This conclusion is limited to that version and does not establish the contents or attachment history of other versions or accompanying materials.
Spending directed to particular recipients or places outside ordinary competitive or formula-based allocation.
None identified in the reviewed text
No congressionally directed spending for particular recipients or places was identified in the complete supplied introduced text. This conclusion is limited to that version; member requests, earmark disclosures, and committee or conference materials are not supplied.
Narrow exceptions, exemptions, or preferential treatment that warrant a closer look.
None identified in the reviewed text
No materially narrow preferential carve-out or special exemption was identified in the complete supplied introduced text. Broad changes for program participants and conditional state implementation periods do not alone warrant a finding. This conclusion is limited to the supplied version.
Full text preserved for this analysis. Legislative record snapshot: Aug 19, 2026. How PlainBill uses AI