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FIRST ON FOX: House Republicans are working to close what they say is a loophole in the federal food assistance program that is costing American taxpayers nearly $7 billion per year.

A new bill, the No Welfare for the Wealthy Act, aims to establish asset and income thresholds for Americans to qualify for programs such as Temporary Assistance for Needy Families (TANF) and the Supplemental Nutrition Assistance Program (SNAP), also known as "food stamps." It would end what is known as broad based categorical eligibility (BBCE) for these programs, which allows Americans whose wealth is higher than the federal boundaries for these programs to still receive food assistance.

"You shouldn't be able to be eligible for food stamps just by taking advantage of a loophole created by a state law," Rep. Ben Cline, R-Va., who is introducing the bill on Thursday, told Fox News Digital.

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