S. 5186 · Where this bill is now
In committee
Introduced in the Senate, Jul 30, 2026
119th Congress
2nd SessionS. 5186
2nd SessionS. 5186
A BILL
ASSET Act
In the SenateNo vote yet
Sponsor: Sen. Christopher A. Coons (D-DE) · Introduced Jul 30, 2026 · Social Welfare · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jul 30, 2026: “Read twice and referred to the Committee on Finance.”
Sections
Sections · 7
- Sec. 1Short title; table of contentsNo change
- Sec. 2Findings; sense of CongressNo change
- Sec. 3States prohibited from imposing asset limits on programs funded by Temporary Assistance for Needy Families (TANF) grantsNo change
- Sec. 4Eliminating asset limits in supplemental nutrition assistance programNo change
- Sec. 5Eliminating asset limit in Low-Income Home Energy Assistance Program (LIHEAP)No change
- Sec. 6Updating and indexing the resource limit for supplemental security income (SSI)No change
- Sec. 7Effective dateNo change