The ASSET Act would make it easier for working families to save and get ahead.
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Proposed Bills Would End Savings Penalties for Important Programs
This week, Sen. Chris Coons (D-DE) and Sen. Sherrod Brown (D-OH), introduced the ASSET Act, a bill that would eliminate asset limits on SNAP, TANF and LIHEAP as well as raise the limits on the Supplemental Security Income (SSI) program. Companion legislation has also been introduced in the House today by Reps. TJ Cox (D-CA), Kim Schrier, M.D. (D-WA) and Jimmy Gomez (D-CA).These bills would remove a significant barrier to wealth-building for low-income Americans, allowing them to build savings without losing the assistance upon which they rely. With this increased ability to save, low-income Americans can invest in a financially secure future and begin a path toward prosperity.
We need your help to drum up support for these bills in Congress. Please take two minutes to email your legislators today and ask them to cosponsor the ASSET Act!
Read more about these bills in our blog post. For additional questions, please contact Holden Weisman at [email protected]. Thank you for joining us in this fight and standing up for working families!
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