Microenterprise and Asset Development Act

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Microenterprise and Asset Development Title II: Demonstration Projects Microenterprise and Asset Development Act - Title I: Microenterprise and Asset Development - Amends part A (Aid to Families with Dependent Children) (AFDC) of title IV of the Social Security Act (SSA) to exclude from AFDC eligibility determinations certain income and resources that are to be used for education, training, and employability purposes. (Sec. 101) Requires the Secretary of Health and Human Services to report to the Congress on a revision of the AFDC limit on automobiles in order to increase the employability of AFDC recipients. (Sec. 102) Provides for State agency exclusion from AFDC eligibility determinations of certain resources related to microenterprise initiatives by AFDC recipients towards self-sufficiency. Requires State agencies to ensure that caseworkers advise AFDC recipients of the option for microenterprises. Provides for the inclusion of microenterprise training and activities in the JOBS program under SSA title IV part F (Job Opportunities and Basic Skills Training Program). Title II: Demonstration Projects - Amends the Internal Revenue Code to allow a deduct…