House bill · 119th Congress · Latest step: Introduced

ASSET Act

H.R. 10023Introduced Aug 3, 2026Policy area: Social Welfare

Official title: To eliminate asset limits employed by certain federally funded means-tested public assistance programs, and for other purposes.

Sponsor: Rep. Jimmy Gomez D-CA

Open in Bill Explorer →

Where it went

IntroducedAug 3, 2026
Committee action—
Passed House—
Passed Senate—
To the President—
Became law—

Latest action: Aug 3, 2026 — Referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Energy and Commerce, and Education and Workforce, 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.

Cost and committee reports

Official records Congress.gov attaches to H.R. 10023.

Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. GOMEZ, as printed in the Congressional Record (Vol. 172, No. 126, August 3, 2026, Page H5214):
Article I, Section 8, clause 18
Source: Congress.gov, Congressional Record August 3, 2026 ↗
Evidence
Field in the Congress.gov record
constitutionalAuthorityStatementText
Statement length
31 characters
Congress.gov bill record
H.R. 10023, 119th Congress
Congress.gov API record
https://api.congress.gov/v3/bill/119/hr/10023
Record last updated by Congress.gov
August 19, 2026
PORKER copy retrieved
September 12, 2026
Stored copy, SHA-256 of the file
b5eff01620bc891148119b55db2249d887eeeccc84be51cb57c1bcf0024461f7
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of August 19, 2026). Not every bill gets one.

Sent to: Agriculture Committee, Education and Workforce Committee, Energy and Commerce Committee, Ways and Means CommitteeBills with a CBO estimate Bills with a committee report See it in the Data Web

From the Congress.gov bill record for H.R. 10023, last updated August 19, 2026. PORKER’s copy was retrieved September 12, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.