SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Children’s Savings Ac-
counts Offer Parents Plenty Of Reasons To Understand 
and Invest in Tuition Yearly Act’’ or the ‘‘CSA OPPOR-
TUNITY Act’’. 
SEC. 2. DEFINITIONS. 
In this Act: 
(1) 
CHILDREN’S
SAVINGS
ACCOUNT
PRO-
GRAM.—The term ‘‘children’s savings account pro-
gram’’ refers to a program created or organized by 
a State, local, or Federal Government, a 501(c)(3) 
nonprofit organization, a school district, or a college 
or university for the purpose of creating children’s 
savings accounts. 
(2) CHILDREN’S SAVINGS ACCOUNT.—The term 
‘‘children’s savings account’’ means a savings or in-
vestment account or trust created as part of a chil-
dren’s savings account program exclusively for the 
purpose of paying the qualified expenses of only in-
dividuals, who, when the account is created, have not 
attained 18 years of age, provided that it has the 
following requirements: 
(A) If a savings or investment account is 
created— 
(i) the account is held in a federally 
insured financial institution, or a State-in-
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sured financial institution if a federally in-
sured financial institution is not available, 
or in an investment account by a custodian 
or third-party owner on behalf of the indi-
viduals, if the custodian or third-party 
owner is a State, local, or Federal Govern-
ment, a 501(c)(3) nonprofit organization, a 
school district, or a college or university, 
(ii) the assets of the account will not 
be commingled with other property except 
in a common children’s savings account, 
trust fund, or other common investment 
fund, and 
(iii) any amount in the account that is 
attributable to a seed deposit, matched de-
posit, or other incentive provided by the 
children’s savings account program may be 
paid or distributed from the account only 
for the purpose of paying qualified ex-
penses of the individual. 
(B) If a trust is created or organized, the 
written governing instrument creating the trust 
contains the following requirements: 
(i) The trust is created on behalf of 
the individuals, and the trustee is a State, 
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local, or Federal Government, a 501(c)(3) 
nonprofit organization, a school district, or 
a college or university. 
(ii) The assets of the trust will be in-
vested in accordance with the direction of 
the trustee. 
(iii) The assets of the trust will not be 
commingled with other property except in 
a common trust fund or common invest-
ment fund. 
(iv) Any amount in the trust that is 
attributable to a seed deposit, matched de-
posit, or other children’s savings account 
program incentive may be paid or distrib-
uted from the trust only for the purpose of 
paying qualified expenses of the individual. 
(3) QUALIFIED EXPENSES.—The term ‘‘quali-
fied expenses’’ means, with respect to an individual, 
expenses that are— 
(A) incurred after the individual receives a 
secondary school diploma or its recognized 
equivalent, and 
(B) for— 
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(i) postsecondary educational expenses 
(as defined in section 529 of the Internal 
Revenue Code of 1986) of the individual, 
(ii) the purchase of a first home by 
the individual, or 
(iii) the capitalization of a business 
owned by the individual. 
TITLE I—AMENDMENTS TO THE 
SOCIAL SECURITY ACT 
SEC. 101. INTEREST IN, AND DISTRIBUTION FROM CHIL-
DREN’S SAVINGS ACCOUNTS REQUIRED TO 
BE DISREGARDED UNDER THE TANF PRO-
GRAM. 
(a) IN GENERAL.—Section 408(a) of the Social Secu-
rity Act (42 U.S.C. 608(a)) is amended by adding at the 
end the following: 
‘‘(13) REQUIREMENT TO DISREGARD VALUE OF 
CHILDREN’S SAVINGS ACCOUNTS.—A State to which 
a grant is made under section 403 shall disregard 
the value of funds in any children’s savings account 
(as defined in section 2 of the CSA OPPOR-
TUNITY Act), including accrued interest or other 
earnings thereon, in determining the eligibility of, 
and the amount or type of assistance to be provided 
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to an individual or family under the State program 
funded under this part.’’. 
(b) PENALTY FOR NONCOMPLIANCE.— 
(1) IN GENERAL.—Section 409(a) of such Act 
(42 U.S.C. 609(a)) is amended by adding at the end 
the following: 
‘‘(17) PENALTY FOR FAILURE TO DISREGARD 
VALUE OF CHILDREN’S SAVINGS ACCOUNTS.— 
‘‘(A) IN GENERAL.—If the Secretary finds 
that a State to which a grant is made under 
section 403 for a fiscal year has failed to com-
ply with section 408(a)(13) during the fiscal 
year, the Secretary shall reduce the grant oth-
erwise payable to the State under section 
403(a)(1) for the succeeding fiscal year by the 
percentage specified in subparagraph (B) of 
this paragraph. 
‘‘(B) AMOUNT
OF
REDUCTION.—The re-
duction required under subparagraph (A) shall 
be— 
‘‘(i) not less than 1 nor more than 2 
percent; 
‘‘(ii) not less than 2 nor more than 3 
percent, if the finding is the second con-
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secutive finding made pursuant to sub-
paragraph (A); or 
‘‘(iii) not less than 3 nor more than 5 
percent, if the finding is the third or a 
subsequent consecutive such finding.’’. 
(2) NO EXCEPTION FOR REASONABLE CAUSE.— 
Section 409(b)(2) of such Act (42 U.S.C. 609(b)(2)) 
is amended by striking ‘‘or (13)’’ and inserting 
‘‘(13), or (17)’’. 
SEC. 102. EXCLUSION OF CHILDREN’S SAVINGS ACCOUNTS 
FROM RESOURCES UNDER THE SSI PRO-
GRAM. 
(a) IN GENERAL.—Section 1613(a) of the Social Se-
curity Act (42 U.S.C. 1382b(a)) is amended— 
(1) by striking ‘‘and’’ at the end of paragraph 
(16); 
(2) by striking the period at the end of para-
graph (17) and inserting ‘‘; and’’; and 
(3) by inserting after paragraph (17) the fol-
lowing: 
‘‘(18) the value of funds in any children’s sav-
ings account (as defined in section 2 of the CSA 
OPPORTUNITY Act), including accrued interest or 
other earnings thereon.’’. 
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(b) CONFORMING AMENDMENT.—Section 1613(e)(5) 
of such Act (42 U.S.C. 1382b(e)(5)) is amended by insert-
ing ‘‘of this Act or section 2 of the CSA OPPORTUNITY 
Act’’ before the period. 
TITLE II—AMENDMENT TO THE 
FOOD AND NUTRITION ACT 
OF 2008 
SEC. 201. EXCLUSION OF CHILDREN’S SAVINGS ACCOUNTS 
FROM 
RESOURCES 
UNDER 
THE 
SUPPLE-
MENTAL NUTRITION ASSISTANCE PROGRAM. 
Section 5(g) of the Food and Nutrition Act of 2008 
(7 U.S.C. 2014(g)) is amended by adding at the end the 
following: 
‘‘(9) EXCLUSION OF CHILDREN’S SAVINGS AC-
COUNTS
FROM
ALLOWABLE
FINANCIAL
RE-
SOURCES.— 
‘‘(A) EXCLUSION.—The Secretary shall ex-
clude from financial resources under this sub-
section the value of funds in any children’s sav-
ings account, including accrued interest or 
other earnings thereon. 
‘‘(B) CHILDREN’S
SAVINGS
ACCOUNT.— 
For purposes of subparagraph (A), the term 
‘children’s savings account’ has the meaning 
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given such term in section 2 of the CSA OP-
PORTUNITY Act.’’. 
TITLE III—AMENDMENT TO LOW- 
INCOME HOME ENERGY AS-
SISTANCE ACT OF 1981 
SEC. 301. EXCLUSION OF CERTAIN ACCOUNTS FROM CAL-
CULATION UNDER THE LOW-INCOME HOME 
ENERGY ASSISTANCE PROGRAM. 
Section 2605(f) of the Low-Income Home Energy As-
sistance Act of 1981 (42 U.S.C. 8624(f)) is amended by 
adding at the end the following: 
‘‘(3) EXCLUSION OF CERTAIN ACCOUNTS FROM CAL-
CULATION.— 
‘‘(A) EXCLUSION.—The determination of the 
income or assets of a household for purposes of eligi-
bility under this section shall be made without re-
gard to the value of funds in any children’s savings 
account, including accrued interest or other earnings 
thereon. 
‘‘(B) CHILDREN’S
SAVINGS
ACCOUNT.—For 
purposes of subparagraph (A), the term ‘children’s 
savings account’ has the meaning given such term in 
section 2 of the CSA OPPORTUNITY Act.’’. 
Æ 
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