A bill to amend the Food Stamp Act of 1964 by revising the eligibility requirements for participation in the program and increasing the overall efficiency of the program administration through the imposition of a national income formula.

[AI summary unavailable — showing source text] Revises the eligibility requirements of the Food Stamp Act of 1964 by requiring that such standards prescribe schedules specifying the amount to be paid by households of different sizes on the basis of the net income and assets of each such household. Requires that such income and assets be adjusted semiannually to reflect any changes in cost of living during the preceding six-month period. Authorizes a standard deduction of $120 in determining eligibility, plus an additional deduction of $60 in the case of any household with one or more persons 60 years of age or older. Directs the Secretary of Agriculture and Secretary of Health, Education, and Welfare to jointly prescribe a single form for eligibility certification of participants in the food stamp program, the supplemental security income program, the aid to families with dependent children program, and the old age, survivors, and disability insurance program under the Social Security Act. Requires the Secretary of Agriculture and the Secretary of Health, Education, and Welfare to cooperatively formulate a proposal for a cooperative nutritional status monitoring system, and submit recommendations for such legislation as may be …