Bill designed to allow families to save, not lose assistance

Originally published on The Porterville Reporter.

U.S. Representative T.J. Cox-D has introduced a bill designed to help low income families to continue to be able to save money while not losing eligibility for public assistance programs.

The bill is in response to President Trump’s proposed budget in which programs such as food stamps would be cut.

Cox has introduced the Allowing Steady Savings by Eliminating Tests or ASSET Act. The bill is designed to lift more families out of poverty and to encourage families to save money. The bill eliminates asset limits for being eligible for public assistance programs and raises the asset limits to be eligible for a fourth public assistance program.