We invite you to cosponsor H.R. 5848, the
Allowing Steady Savings by Eliminating Tests, or ASSET, Act, which would increase the financial security of low-income families by helping them save for the future and move towards self-sufficiency. The bill eliminates asset limits as
a means of eligibility for three vital public assistance programs and raises asset limits for a fourth program. Rather than shredding the safety net by imposing new bureaucratic hurdles for families, as proposed by President Trump in his budget released last
week, the ASSET Act presents an alternative, positive vision for vital public assistance programs. This bill would remove a barrier to saving,
increase economic opportunity, and
put financial security more easily in reach for vulnerable families across the country.