,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #hbjd ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #aa1 #bjbj,mr4 ,c>twright 7= himself1 ,ms4 ,norton1 & ,mr4 ,grijalva7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means1 & 9 addition to ! ,committees on ,agriculture1 ,en]gy & ,comm]ce1 & ,education & ,labor1 = 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 ( *ildr5's sav+s acc\nts be disreg>d$ = ! purpose ( det]m9+ eligibility to receive b5efits "u su* ,acts1 & = 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]/& & ,inve/ 9 ,tuition ,ye>ly ,act or ! ,,csa ,,opportunity ,act4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,*ildr5's sav+s acc\nt program ,! t]m *ildr5's sav+s acc\nt program ref]s to a program creat$ or organiz$ by a ,/ate1 local1 or ,f$]al ,gov]nm5t1 #eja7;c77#c7 nonpr(it organization1 a s*ool di/rict1 or a college or univ]sity = ! purpose ( creat+ *ildr5's sav+s acc\nts4 7#b7 ,*ildr5's sav+s acc\nt ,! t]m *ildr5's sav+s acc\nt means a sav+s or inve/m5t acc\nt or tru/ creat$ z "p ( a *ildr5's sav+s acc\nt program exclusively = ! purpose ( pay+ ! qualifi$ exp5ses ( only individuals1 :o1 :5 ! acc\nt is creat$1 h n atta9$ #ah ye>s ( age1 provid$ t x has ! foll[+ requirem5ts3 7,a7 ,if a sav+s or inve/m5t acc\nt is creat$-- 7i7 ! acc\nt is held 9 a f$]ally insur$ f9ancial in/itution1 or a ,/ate-insur$ f9ancial in/itution if a f$]ally insur$ f9ancial in/itution is n available1 or 9 an inve/m5t acc\nt by a cu/odian or ?ird-p>ty own] on behalf ( ! individuals1 if ! cu/odian or ?ird-p>ty own] is a ,/ate1 local1 or ,f$]al ,gov]nm5t1 #eja7;c77#c7 nonpr(it organization1 a s*ool di/rict1 or a college or univ]sity1 7ii7 ! assets ( ! acc\nt w n be comm+l$ ) o!r prop]ty except 9 a common *ildr5's sav+s acc\nt1 tru/ fund1 or o!r common inve/m5t fund1 & 7iii7 any am\nt 9 ! acc\nt t is attributable to a se$ deposit1 mat*$ deposit1 or o!r inc5tive provid$ by ! *ildr5's sav+s acc\nt program may be paid or di/ribut$ f ! acc\nt only = ! purpose ( pay+ qualifi$ exp5ses ( ! individual4 7,b7 ,if a tru/ is creat$ or organiz$1 ! writt5 gov]n+ in/rum5t creat+ ! tru/ conta9s ! foll[+ requirem5ts3 7i7 ,! tru/ is creat$ on behalf ( ! individuals1 & ! tru/ee is a ,/ate1 local1 or ,f$]al ,gov]nm5t1 #eja7;c77#c7 nonpr(it organization1 a s*ool di/rict1 or a college or univ]sity4 7ii7 ,! assets ( ! tru/ w be inve/$ 9 accordance ) ! direction ( ! tru/ee4 7iii7 ,! assets ( ! tru/ w n be comm+l$ ) o!r prop]ty except 9 a common tru/ fund or common inve/m5t fund4 7iv7 ,any am\nt 9 ! tru/ t is attributable to a se$ deposit1 mat*$ deposit1 or o!r *ildr5's sav+s acc\nt program inc5tive may be paid or di/ribut$ f ! tru/ only = ! purpose ( pay+ qualifi$ exp5ses ( ! individual4 7#c7 ,qualifi$ exp5ses ,! t]m qualifi$ exp5ses means1 ) respect to an individual1 exp5ses t are-- 7,a7 incurr$ aft] ! individual receives a second>y s*ool diploma or its recogniz$ equival5t1 & 7,b7 =-- 7i7 po/second>y educational exp5ses 7z def9$ 9 section #ebi ( ! ,int]nal ,rev5ue ,code ( #aihf7 ( ! individual1 7ii7 ! pur*ase ( a fir/ home by ! individual1 or 7iii7 ! capitalization ( a bus9ess own$ by ! individual4 ,i ,am5dm5ts to ! ,social ,security ,act #aja4 ,*ildr5'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 add$ by section #aja7;a7 ( ?is ,act1 is am5d$-- 7#a7 9 ! head+1 by ins]t+ 1 & value ( a *ildr5's sav+s acc\nt aft] program2 & 7#b7 by ins]t+ aft] #aihf7 ! foll[+3 & ! value ( any *ildr5's sav+s acc\nt 7z def9$ 9 section #b ( ! ,,csa ,,opportunity ,act74 7b7 ,p5alty = noncompliance ,section #dji7;a77#ag7 ( su* ,act 7#db ,u4,s4,c4 #fji7;a77#ag771 z add$ by section #aja7;b77#a7 ( ?is ,act1 is am5d$ 9 ! p>agraph head+1 by ins]t+ or value ( a *ildr5's sav+s acc\nt aft] program4 #ajb4 ,exclusion ( *ildr5'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$-- 7#a7 by /rik+ & at ! end ( p>agraph 7#ag72 7#b7 by /rik+ ! p]iod at ! end ( p>agraph 7#ah7 & ins]t+ 2 &2 & 7#c7 by ins]t+ aft] p>agraph 7#ah7 ! foll[+3 7#ai7 any *ildr5's sav+s acc\nt 7z def9$ 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;b7e77#e77 is am5d$ by ins]t+ ( ?is ,act or section #b ( ! ,,csa ,,opportunity ,act be=e ! p]iod4 ,,ii ,am5dm5t to ! ,food & ,nutrition ,act ( #bjjh #bja4 ,exclusion ( *ildr5'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 ( ,*ildr5'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 *ildr5's sav+s acc\nt4 7,b7 ,*ildr5's sav+s acc\nt ,= purposes ( subp>agraph 7,a71 ! t]m *ildr5'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 #cja4 ,exclusion ( c]ta9 acc\nts f calculation "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 ( c]ta9 acc\nts f calculation 7,a7 ,exclusion ,! det]m9ation ( ! income or assets ( a h\sehold = purposes ( eligibility "u ?is section %all be made )\t reg>d to ! value ( funds 9 any *ildr5's sav+s acc\nt4 7,b7 ,*ildr5's sav+s acc\nt ,= purposes ( subp>agraph 7,a71 ! t]m *ildr5's sav+s acc\nt has ! mean+ giv5 su* t]m 9 section #b ( ! ,,csa ,,opportunity ,act4 4