led by Ricky Kiamilev
I'm voting for this because BBCE allows families to build modest savings, helping them weather emergencies and avoid debt without losing vital SNAP benefits.
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Group leader
Modest assets enable low-income families to avoid debt, weather unexpected financial disruptions, and better prepare to support themselves in retirement. Under regular federal SNAP rules, countable assets cannot exceed $2,250 for most households and $3,500 for households with members who are elderly or have a disability; BBCE lets states increase or eliminate those limits for SNAP. Low-income households in states that have used the policy to raise asset limits are likelier to have a bank account and have at least $500 in it, a recent Urban Institute study found. https://www.cbpp.org/research/food-assistance/snaps-broad-based-categorical-eligibility-supports-working-families-and
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