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SSI Savings Penalty Elimination Act

This bill increases resource limits used to determine eligibility for the Supplemental Security Income (SSI) program. SSI is a federal assistance program that provides monthly cash payments to aged, blind, or disabled individuals with limited income and resources.

Specifically, the bill increases the resource limits from $2,000 to $10,000 for individuals and from $3,000 to $20,000 for married couples. The bill annually adjusts the limits for inflation.

HR5408-118, HR7138-118,

Senate Actions

IntroReferral
Sep. 12 2023	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
Sep. 12 2023	Introduced in Senate

Senate bill S2767-118

SSI Savings Penalty Elimination Act

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