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CSA OPPORTUNITY Act
12/20/2023, 8:15 AM
Summary of Bill HR 5468
The bill aims to address the disparities in the cannabis industry by creating a grant program that would provide funding for individuals who have been adversely affected by the enforcement of the CSA. This funding would be used to support these individuals in starting their own cannabis businesses or participating in existing ones.
Additionally, the CSA OPPORTUNITY Act seeks to remove barriers to entry for individuals with past cannabis-related convictions by allowing them to participate in the industry without facing discrimination. This would help to level the playing field and provide opportunities for those who have been disproportionately affected by the war on drugs. Overall, the CSA OPPORTUNITY Act is aimed at promoting equity and inclusion in the cannabis industry by providing support and opportunities for individuals who have been impacted by the enforcement of the CSA. It is currently being debated in Congress and has the potential to make a significant impact on the industry if passed into law.
Congressional Summary of HR 5468
Children's Savings Accounts Offer Parents Plenty Of Reasons To Understand and Invest in Tuition Yearly Act or the CSA OPPORTUNITY Act
This bill excludes the value of certain children's savings accounts, provided they meet specified requirements, when determining eligibility for particular means-tested federal programs.
To be excluded, the savings account must be created as part of a program organized by a government, nonprofit, school district, or college or university and meet other administrative criteria. Furthermore, proceeds of the account may only be used for postsecondary educational expenses, the purchase of a first home, or costs associated with starting a business once the individual receives a secondary school diploma or equivalent.
Programs subject to this bill are the Supplemental Nutrition Assistance Program (SNAP), Temporary Assistance for Needy Families (TANF), Supplemental Security Income for the Aged, Blind, and Disabled (SSI), and the Low-Income Home Energy Assistance Program (LIHEAP). If a state considers the value of children’s savings accounts in determining TANF eligibility in violation of this bill, the Department of Health and Human services is directed to reduce the state’s TANF grant for the next fiscal year.
