HOPE Act of 2020
Latest action (12 Mar 2020): Introduced
What this bill does
Generate a neutral, plain-English explanation of what this bill does, who it affects and what happens next — grounded in the official text.
Official summary
Health, Opportunity, and Personal Empowerment Act of 2020 or the HOPE Act of 2020
This bill establishes several Health, Opportunity, and Personal Empowerment (HOPE) pilot projects to improve economic security for individuals who meet income or other requirements. The Department of Health and Human Services (HHS), the Department of Agriculture, and the Department of Housing and Urban Development must collaborate on the projects and report to Congress on project implementation and outcomes.
The HOPE Accounts Pilots provide awards to certain nonprofits to assist eligible individuals in establishing HOPE accounts through banks, credit unions, or governmental agencies. Through technology platforms and other means, HOPE accounts must (1) provide access to specified financial services and information related to public benefits, health insurance, and other topics; and (2) facilitate activities such as applying for government benefits and filing taxes. HHS, in consultation with the other departments, must also hold a merit-based competition to award contracts to private businesses and nonprofits to develop technology applications and other tools for HOPE accounts.
Grants for the HOPE Action Plans Pilot Projects allow nonprofits to enter voluntary agreements with eligible individuals to carry out long-term plans related to improving economic security and upward mobility.
Common questions
- What does S. 3484 do?
- Health, Opportunity, and Personal Empowerment Act of 2020 or the HOPE Act of 2020 This bill establishes several Health, Opportunity, and Personal Empowerment (HOPE) pilot projects to improve economic security for individuals who meet income or other requirements. The Department of Health and Human Services (HHS), the Department of Agriculture, and the Department of Housing and Urban Development must collaborate on the projects and report to Congress on project implementation and outcomes. The HOPE Accounts Pilots provide awards to certain nonprofits to assist eligible individuals in establishing HOPE accounts through banks, credit unions, or governmental agencies. Through technology platforms and other means, HOPE accounts must (1) provide access to specified financial services and information related to public benefits, health insurance, and other topics; and (2) facilitate activities such as applying for government benefits and filing taxes. HHS, in consultation with the other departments, must also hold a merit-based competition to award contracts to private businesses and nonprofits to develop technology applications and other tools for HOPE accounts. Grants for the HOPE Action Plans Pilot Projects allow nonprofits to enter voluntary agreements with eligible individuals to carry out long-term plans related to improving economic security and upward mobility.
- Has S. 3484 become law?
- Not yet. As of 12 Mar 2020, S. 3484 is introduced.
- Who sponsored S. 3484?
- S. 3484 was sponsored by Sen. Kirsten Gillibrand [D-NY] (Democrat-NY), with 0 cosponsors.
- What's the latest action on S. 3484?
- Introduced (12 Mar 2020).
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