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Home » Business » SNAP Benefits Update 2024: Exploring the New Bill Set to Impact Your Food Stamps

SNAP Benefits Update 2024: Exploring the New Bill Set to Impact Your Food Stamps

The purpose of this legislation is to maintain the current conservation and climate funds provided by the Inflation Reduction Act as well as the Supplemental Nutrition Assistance Program.

By Newsd
Published on :
SNAP Texas Payments May
SNAP Texas Payments May

SNAP Benefits Update 2024: After Senate Agriculture Committee Chairwoman Debbie Stabenow introduced the Rural Prosperity and Food Security Act of 2024, NAP benefits could undergo significant changes in the coming years.

The purpose of this legislation is to maintain the current conservation and climate funds provided by the Inflation Reduction Act as well as the Supplemental Nutrition Assistance Program.

If the Republican draft of the law is approved, food stamps could experience substantial adjustments, including a reduction in monthly benefits.

This change could result in $30 billion in cuts over a decade. Additionally, freezing adjustments for food inflation could result in a $7 monthly loss for the average household.

Over 41 million Americans currently receive SNAP benefits across all 50 states, costing the federal government at least $7 billion each month.

In light of the $19 million increase in the federal budget for 2023, any reduction in SNAP benefits will have a significant impact on recipients and the national budget.

How will SNAP change in 2024?

As part of broader agricultural reforms, the Rural Prosperity and Food Security Act of 2024 proposes several changes to SNAP.

In addition to improving food security, the proposal focuses on promoting more equitable food and agriculture systems, addressing climate and conservation issues, strengthening public-private partnerships for agricultural research, and improving access to local farming communities and markets.

As part of the act, crop insurance is also made more affordable without affecting commodity prices, and credit and land access are also improved.

A number of specific changes have been made to SNAP under this legislation, including excluding military basic allowance for housing from SNAP income calculations, waiving college restrictions for individuals who have aged out of foster care and excluding income from employment and training programs.

In addition, the proposal includes Puerto Rico in the SNAP benefits program and increases funding for education through SNAP benefits for drug felony convicts.

Also Read: Texas SNAP May 2024: Who Qualifies for This Week Food Stamps?

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