Assets for Independence Act Amendments of 2000

Summary

Assets for Independence Act Amendments of 2000 - Amends the Assets for Independence Act (AIA) (which is title IV of the Community Opportunities, Accountability, and Training and Educational Services Act of 1998) to revise various provisions relating to program administration and flexibility in the AIA demonstration program (which is to determine the effects that certain savings accounts called individual development accounts (IDAs) can have on low-income individuals and their families). Excludes funds attributable to matching contributions by qualified entities from IDA emergency withdrawals. Includes among eligible grantees low-income credit unions and community development financial institutions. Revises requirements for withdrawals from IDA accounts for the purchase of a home. Increases the amount of funds set aside for economic literacy training and administrative costs. Includes a Federal poverty measure among alternative eligibility criteria. Declares that funds in an IDA shall be disregarded entirely for purposes of determining eligibility for Federal programs based on need.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 18 October 2000

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 18 October 2000

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• Introduced in Senate

  summary · EN · 18 October 2000

  Open at official source

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