Asset-Building for Working Americans Act - Amends part A (Temporary Assistance for Needy Families) (TANF) of title IV of the Social Security Act (SSA), as well as SSA titles XVI (Supplemental Security Income) (SSI) and XIX (Medicaid), to require States to disregard for the following 12-month period any refunds or advance payments of the earned income tax credit (EITC) in determining eligibility for benefits under TANF, SSI, and Medicaid. Establishes up to a two percent reduction in the next fiscal year's grant to any State as a penalty for failure to disregard such payments.
Amends the United States Housing Act of 1937 to require a similar disregard for EITC payments under public housing and rental assistance programs.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E2097)
Referred to House Ways and Means
Referred to the Committee on Ways and Means, and in addition to the Committees on Commerce, and Banking and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Commerce
Referred to House Banking and Financial Services
Referred to the Subcommittee on Housing and Community Opportunity.
Referred to the Subcommittee on Health and Environment, for a period to be subsequently determined by the Chairman.
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