The USDA's proposed regulations to reform the asset limit test of the Supplemental Nutrition Assistance Program are strong and much appreciated. We worked with CFED to include these changes in the 2008 legislation and are glad to see the regulations published. Excluding tax-preferred retirement accounts and education savings accounts from the SNAP asset limit test enables families that currently or could receive SNAP benefits to save and build wealth for the future and improve their financial security.
In addition to releasing these rules, the USDA should swiftly release detailed guidance for implementing these new regulations so that state agencies and caseworkers may properly identify all tax-preferred retirement accounts and education savings accounts and avoid improperly denying eligible individuals or households.
Thank you for helping low-income households become banked and build wealth.
Sincerely,
Erika Leos
Comment on FR Doc # 2011-10151
This is comment on Proposed Rule
Supplemental Nutrition Assistance Program: Certification, and Employment and Training Provisions
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