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S 5186·Federal·senate

ASSET Act

In CommitteeFiled Jul 30, 2026
Sponsor: Sen. Coons, Christopher A. [D-DE] (D)
Latest Action

Read twice and referred to the Committee on Finance.

Jul 30, 2026

Summary

The bill proposes to eliminate the asset thresholds that currently restrict eligibility for some federally funded, means‑tested public assistance programs. By doing so, it would broaden access for low‑income individuals and families who were previously ineligible because of their assets. The change aims to make assistance more inclusive.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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