H.R.5214 - CSA OPPORTUNITY Act114th Congress (2015-2016)
|Sponsor:||Rep. Cartwright, Matt [D-PA-17] (Introduced 05/12/2016)|
|Committees:||House - Ways and Means; Agriculture; Energy and Commerce; Education and the Workforce|
|Latest Action:||House - 09/19/2016 Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Summary: H.R.5214 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (05/12/2016)
Children's Savings Accounts Offer Parents Plenty of Reasons to Understand and Invest in Tuition Yearly Act or the CSA OPPORTUNITY Act
This bill amends part A (Temporary Assistance for Needy Families) (TANF) of title IV of the Social Security Act (SSAct) to direct a state receiving a TANF grant to disregard the value of any interest in, or distribution from, a qualified tuition program, as well as the value of a child's savings account, in determining individual or family TANF eligibility or the amount or type of assistance.
SSAct title XVI (Supplemental Security Income) (SSI) is amended to exclude from an individual's resources for SSI eligibility or benefit purposes the value of any interest in, or distribution from, a qualified tuition program as well as the value of a child's savings account.
The Food and Nutrition Act of 2008 is amended to direct the Department of Agriculture to exclude any child's savings accounts from resources for eligibility and benefit purposes under the supplemental nutrition assistance program (SNAP, formerly the food stamp program).
The Low-Income Home Energy Assistance Act of 1981 is amended to exclude from household income any child's savings accounts from resources for eligibility and benefit purposes under the low-income home energy assistance program.
The bill prescribes penalties for noncompliance.