HR 2336
HOPE Act of 2021
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- Passed House
- Passed Senate
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- Became Law
Bill overview
The HOPE Act of 2021 aims to improve economic security for low-income individuals by establishing two pilot projects. The first involves providing HOPE accounts – digital accounts linked to banking services – to help people access benefits, manage finances, and apply for assistance. The second project focuses on voluntary agreements between individuals and organizations to create long-term plans for economic advancement. The bill also includes competitive grants for developing technology tools to support these accounts and for implementing action plans, alongside provisions to ensure the projects’ effectiveness and protect participant data.
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