Looking for our new site?

Asset Building Program

Archives: Asset Building Program Transcripts and Supporting Documents

Recommended Standards for TANF Payment Card Contracts

  • and Elizabeth Lower-Basch, Center for Law and Social Policy; Andrea Luquetta, California Reinvestment Coalition
April 21, 2014
Families participating in the Temporary Assistance for Needy Families program (TANF/cash assistance) often must pay significant fees and surcharges to withdraw their benefits at an ATM. In California, fees charged to recipients of TANF and other public assistance programs added up to $19 million in 2012, according to a new report from the California Reinvestment Coalition. Since families’ average monthly grants are only a few hundred dollars, these small fees can have a significant impact on their ability to make ends meet.

A Citizen's Guide to the Financial Security Credit

October 15, 2013

A proposal to create a Financial Security Credit was introduced as the Financial Security Credit Act of 2013 in the 113th Congress. The proposal is designed to help low- and moderate-income Americans build savings through a modest matched incentive on eligible savings. The Financial Security Credit uses the federal tax system to provide low- and middle-income families with the same kind of saving incentives that upper-income families enjoy. It makes the tax code fairer by democratizing supports for saving and including those families left out by current policy.

Tax Reform and Asset Building

September 25, 2013

On September 12th, 2013, Elliot Schreur presented "Tax Reform and Asset Building" to the 2013 National Community Tax Coalition conference.

You can find a copy of the presentation here.


Removing Barriers, Building Savings

September 24, 2013

On September 19th, Rachel Black presented "Removing Barriers, Building Savings" to 2013 OFA Regions I, II, and III TANF Technical Assistance Meeting: Developing an Exit Strategy for Leaving TANF on the Pathway to Family Stability.

You can find a copy of the presentaiton here.

Changing Federal Policy to Help Families Save

September 24, 2013

On September 20th, Rachel Black presented "Removing Barriers, Building Savings: Changing Federal Policy to Help Families Save" to the Inter-religious Working Group on Domestic Human Needs.

You can find a copy of the presentation here.

Letter of Support for the "Financial Security Credit Act of 2013"

August 1, 2013

On August 1, 2013, the Asset Building Program at the New America Foundation sent a letter to United States Representative Jose Serrano (D-NY-15) expressing support for his introduction of H.R. 2917, the "Financial Security Credit Act of 2013." The bill is based on a concept originally proposed by the Asset Building Program. The text of the letter is available here.

An Assets Agenda for the States

  • By Karen Harris, Illinois Asset Building Group
May 31, 2013

"An Assets Agenda for the States" examines current state asset building efforts with an eye toward examining those policies and priorities that are emerging as trends in this challenging economic environment. This appendix serves as a resource accompanying the paper, which can be viewed here.

The Affordable Care Act, Poverty, and Asset Building

May 1, 2013

On May 1, 2013, Reid Cramer presented during a webinar with the Shriver Center. His presentation is attached to the right or available here for download. Other presenters included Alan Weil, Executive Director of the National Acadmy of State Health Policy and David Himmelstein, Professor of Public Health at Harvard University and Hunter College.

The Future of the U.S. Savings Bonds at Tax Time

May 1, 2013

On April 9, 2013, the Savings Bond Working Group, a coalition of national and grassroots non-profit organizations, commercial tax preparers, tax software firms, and public officials, sent a letter to U.S. Secretary of the Treasury Lew regarding access to U.S. Savings Bonds at tax time. Asset Building Program Director, Reid Cramer, along with other members of the working group, called for continued commitment from the Treasury Department to preserving and modernizing access to U.S. Savings Bonds as a secure, simple, and powerful savings tool for working Americans at tax time.

Comments of the Asset Building Program to the House Ways and Means Committee's Pensions/Retirement Tax Reform Working Group

April 15, 2013

The House Ways and Means Committee created a series of working groups to investigate problems with the tax code and solicit suggestions for reform. The Asset Building Program at the New America Foundation is dedicated to incubating and promoting innovative public policies to enable low- and middle-income families in the United States to accumulate savings, access wealth-building financial services, develop financial capability, and build and protect productive assets across the life course.