,i #aac? ,,congress #b;d ,session ,h4 ,r4 #eghc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,decemb] #c1 #bjad ,mr4 ,c>twright 7= himself1 ,mr4 ,ribble1 ,mr4 ,h9ojosa1 ,ms4 ,norton1 ,ms4 ,s*w>tz1 ,mr4 ,smi? ( ,wa%+ton1 ,ms4 ,titus1 ,ms4 ,tsongas1 & ,mr4 ,ha/+s ( ,florida7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means1 & 9 addition to ! ,committees on ,agriculture1 ,en]gy & ,comm]ce1 & ,education & ! ,work=ce1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to am5d ! ,social ,security ,act1 ! ,food & ,nutrition ,act ( #bjjh1 & ! ,l[-,income ,home ,en]gy ,assi/ance ,act ( #aiha to require t ! value ( *ild's sav+s acc\nts be disreg>d$ = ! purpose ( det]m9+ eligibility to receive b5efits "u su* ,acts2 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,*ildr5's ,sav+s ,acc\nts ,(f] ,p>5ts ,pl5ty ,( ,reasons ,to ,und]/& a,nd ,inve/ 9 ,tuition ,ye>ly ,act or ! ,,csa ,,opportunity ,act4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,*ild's sav+s acc\nt ,! t]m *ild's sav+s acc\nt means a tru/ creat$ or organiz$ exclusively = ! purpose ( pay+ ! qualifi$ exp5ses ( only an individual :o1 :5 ! tru/ is creat$ or organiz$1 has n atta9$ #ah ye>s ( age1 if ! writt5 gov]n+ in/rum5t creat+ ! tru/ conta9s ! foll[+ requirem5ts3 7,a7 ,! tru/ee is a f$]ally insur$ f9ancial in/itution1 or a ,/ate insur$ f9ancial in/itution if a f$]ally insur$ f9ancial in/itution is n available4 7,b7 ,! assets ( ! tru/ w be inve/$ 9 accordance ) ! direction ( ! individual or ( a p>5t or gu>dian ( ! individual1 aft] consultation ) ! entity provid+ ! initial contribution to ! tru/ or1 if applicable1 a mat*+ or o!r contribution = ! individual4 7,c7 ,! assets ( ! tru/ w n be comm+l$ ) o!r prop]ty except 9 a common tru/ fund or common inve/m5t fund4 7,d7 ,any am\nt 9 ! tru/ t is attributable to an acc\nt se$ or mat*$ deposit may be paid or di/ribut$ f ! tru/ only = ! purpose ( pay+ qualifi$ exp5ses ( ! individual4 7#b7 ,qualifi$ exp5ses ,! t]m qualifi$ exp5ses means1 ) respect to an individual1 exp5ses t-- 7,a7 are incurr$ aft] ! individual receives a second>y s*ool diploma or its recogniz$ equival5t2 & 7,b7 are-- 7i7 po/second>y educational exp5ses 7z def9$ 9 section #ebi ( ! ,int]nal ,rev5ue ,code ( #aihf7 ( ! individual2 7ii7 = ! pur*ase ( a fir/ home by ! individual2 or 7iii7 = ! capitalization ( a bus9ess own$ by ! individual4 ,i ,am5dm5ts to ! ,social ,security ,act #aja4 ,int]e/ 91 & di/ribution f1 a qualifi$ tuition program requir$ to be disreg>d$ "u ! ,,tanf program 7a7 ,9 g5]al ,section #djh7;a7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #fjh7;a77 is am5d$ by add+ at ! end ! foll[+3 7#ac7 ,requirem5t to disreg>d int]e/ 9 & di/ribution f1 a qualifi$ tuition program ,a ,/ate to :i* a grant is made "u section #djc %all disreg>d ! value ( any int]e/ 91 or di/ribution f1 a qualifi$ tuition program 7z def9$ 9 section #ebi7;b7 ( ! ,int]nal ,rev5ue ,code ( #aihf71 9 det]m9+ ! eligibility (1 & ! am\nt or type ( assi/ance to be provid$ to an individual or family "u ! ,/ate program fund$ "u ?is "p4 4 7b7 ,p5alty = noncompliance 7#a7 ,9 g5]al ,section #dji7;a7 ( su* ,act 7#db ,u4,s4,c4 #fji7;a77 is am5d$ by add+ at ! end ! foll[+3 7#ag7 ,p5alty = failure to disreg>d int]e/ 91 or di/ribution f1 a qualifi$ tuition program 7,a7 ,9 g5]al ,if ! ,secret>y f9ds t a ,/ate to :i* a grant is made "u section #djc = a fiscal ye> has fail$ to comply ) section #djh7;a77#ac7 dur+ ! fiscal ye>1 ! ,secret>y %all r$uce ! grant o!rwise payable to ! ,/ate "u section #djc7;a77#a7 = ! succe$+ fiscal ye> by ! p]c5tage specifi$ 9 subp>agraph 7,b7 ( ?is p>agraph4 7,b7 ,am\nt ( r$uction ,! r$uction requir$ "u subp>agraph 7,a7 %all be-- 7i7 n less ?an #a nor m ?an #b p]c5t2 7ii7 n less ?an #b nor m ?an #c p]c5t1 if ! f9d+ is ! #bnd consecutive f9d+ made pursuant to subp>agraph 7,a72 or 7iii7 n less ?an #c nor m ?an #e p]c5t1 if ! f9d+ is ! #crd or a subsequ5t consecutive su* f9d+4 4 7#b7 ,no exception = reasonable cause ,section #dji7;b77#b7 ( su* ,act 7#db ,u4,s4,c4 #fji7;b77#b77 is am5d$ by /rik+ or 7#ac7 & ins]t+ 7#ac71 or 7#ag74 #ajb4 ,exclusion ( int]e/ 91 & di/ribution f1 a qualifi$ tuition program f res\rces "u ! ,,ssi program ,section #afac7;a7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #achb;b7a77 is am5d$-- 7#a7 by /rik+ & at ! end ( p>agraph 7#af72 7#b7 by /rik+ ! p]iod at ! end ( p>agraph 7#ag7 & ins]t+ 2 &2 & 7#c7 by ins]t+ aft] p>agraph 7#ag7 ! foll[+3 7#ah7 ! value ( any int]e/ 91 or di/ribution f1 a qualifi$ tuition program 7z def9$ 9 section #ebi7;b7 ( ! ,int]nal ,rev5ue ,code ( #aihf74 4 #ajc4 ,*ild's sav+s acc\nt requir$ to be disreg>d$ "u ! ,,tanf program 7a7 ,9 g5]al ,section #djh7;a77#ac7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #fjh7;a771 z am5d$ by section #aja7;a7 ( ?is ,act1 is am5d$-- 7#a7 by /rik+ 7#ac7 & all t foll[s ?r\gh ,a ,/ate & ins]t+ ! foll[+3 7#ac7 ,requirem5t to disreg>d int]e/ 91 & di/ribution f1 a qualifi$ tuition program1 & value ( a *ild's sav+s acc\nt 7,a7 ,9 g5]al ,a ,/ate 2 & 7#b7 by ins]t+ & ! value ( any *ild's sav+s acc\nt 7z def9$ 9 section #b ( ! ,,csa ,,opportunity ,act7 aft] #aihf74 7b7 ,p5alty = noncompliance ,section #dji7;a77#ag7 ( su* ,act 7#db ,u4,s4,c4 #fjh7;a77#ag771 z add$ by section #aja7;b77#a7 ( ?is ,act1 is am5d$ 9 ! p>agraph head+1 by ins]t+ or value ( a *ild's sav+s acc\nt aft] program4 #ajd4 ,exclusion ( *ild's sav+s acc\nt f res\rces "u ! ,,ssi program 7a7 ,9 g5]al ,section #afac7;a7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #achb;b7a771 z am5d$ by section #ajb ( ?is ,act1 is am5d$-- 7#a7 by /rik+ & at ! end ( p>agraph 7#ag72 7#b7 by /rik+ ! p]iod at ! end ( p>agraph 7#ah7 & ins]t+ 2 &2 & 7#c7 by ins]t+ aft] p>agraph 7#ah7 ! foll[+3 7#ai7 any *ild's sav+s acc\nt 7z def9$ 9 section #b ( ! ,,csa ,,opportunity ,act71 includ+ accru$ int]e/ or o!r e>n+s !reon4 4 7b7 ,con=m+ am5dm5t ,section #afac7;e77#e7 ( su* ,act 7#db ,u4,s4,c4 #achb;b7 is am5d$ by ins]t+ ( ?is ,act or section #b ( ! ,,csa ,,opportunity ,act be=e ! p]iod4 7c7 ,te*nical am5dm5ts ,effective imm$iately aft] ! repeal ( ! ,improv+ ,access to ,cl9ical ,trials ,act ( #bjji 7,public ,law #aaa-bee71 section #afac7;a7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #achb;b7a771 z am5d$ by ! prec$+ provisions ( ?is ,act1 is am5d$-- 7#a7 by /rik+ & at ! end ( p>agraph 7#ae72 7#b7 by /rik+ & at ! end ( p>agraph 7#af72 & 7#c7 by /rik+ p>agraph 7#ag7 & r$esignat+ p>agraphs 7#ah7 & 7#ai7 z p>agraphs 7#ag7 & 7#ah71 respectively4 ,,ii ,am5dm5t to ! ,food & ,nutrition ,act ( #bjjh #bja4 ,exclusion ( *ild's sav+s acc\nts f res\rces "u ! supplem5tal nutrition assi/ance program ,section #e7;g7 ( ! ,food & ,nutrition ,act ( #bjjh 7#g ,u4,s4,c4 #bjad7;g77 is am5d$ by add+ at ! end ! foll[+3 7#i7 ,exclusion ( ,*ild's ,sav+s ,acc\nts ,f ,all[able ,f9ancial ,res\rces 7,a7 ,exclusion ,! ,secret>y %all exclude f f9ancial res\rces "u ?is subsection ! value ( funds 9 any *ild's sav+s acc\nt4 7,b7 ,*ild's sav+s acc\nt ,= purposes ( subp>agraph 7,a71 ! t]m *ild's sav+s acc\nt has ! mean+ giv5 su* t]m 9 section #b ( ! ,,csa ,,opportunity ,act4 4 ,,iii ,am5dm5t to ,l[-,income ,home ,en]gy ,assi/ance ,act ( #aiha #bja4 ,exclusion ( *ild's sav+s acc\nts f res\rces "u ! ,l[-,income ,home ,en]gy ,assi/ance ,program ,section #bfje7;f7 ( ! ,l[-,income ,home ,en]gy ,assi/ance ,act ( #aiha 7#db ,u4,s4,c4 #hfbd7;f77 is am5d$ by add+ at ! end ! foll[+3 7#c7 ,exclusion ( ,*ild's ,sav+s ,acc\nts ,f ,all[able ,f9ancial ,res\rces 7,a7 ,exclusion ,! income ( a h\sehold %all be det]m9$ "u ?is section )\t reg>d to ! value ( funds 9 any *ild's sav+s acc\nt4 7,b7 ,*ild's sav+s acc\nt ,= purposes ( subp>agraph 7,a71 ! t]m *ild's sav+s acc\nt has ! mean+ giv5 su* t]m 9 section #b ( ! ,,csa ,,opportunity ,act4 4