PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Congressional Research Service
Version 00 · Introduced in Senate · Oct 18, 2000
Assets for Independence Act Amendments of 2000 - Amends the Assets for Independence Act (AIA) (which is title IV of the Community Opportunities, Accountability, and Training and Educational Services Act of 1998) to revise various provisions relating to program administration and flexibility in the AIA demonstration program (which is to determine the effects that certain savings accounts called individual development accounts (IDAs) can have on low-income individuals and their families).Excludes funds attributable to matching contributions by qualified entities from IDA emergency withdrawals.Includes among eligible grantees low-income credit unions and community development financial institutions.Revises requirements for withdrawals from IDA accounts for the purchase of a home.Increases the amount of funds set aside for economic literacy training and administrative costs.Includes a Federal poverty measure among alternative eligibility criteria.Declares that funds in an IDA shall be disregarded entirely for purposes of determining eligibility for Federal programs based on need.
People & committees
Sen. Gregg, Judd [R-NH] · R–NH
Legislative record
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Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Introduced in Senate
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 20, 2025. Consult Congress.gov for the current record.
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