SSI Savings Penalty Elimination Act
- Last Action
- 9/12/2023
Actions
- 2023-09-12Read twice and referred to the Committee on Finance.
- 2023-09-12Introduced in Senate
CRS Summary
As of 2023-09-12 (00)
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.
Cosponsors (11)
- Bill Cassidy (R-LA)
- Ron Wyden (D-OR)
- Susan Collins (R-ME)
- Bob Casey (D-PA)
- James Lankford (R-OK)
- Maggie Hassan (D-NH)
- Mike Rounds (R-SD)
- Patty Murray (D-WA)
- Lisa Murkowski (R-AK)
- Rick Scott (R-FL)
- Sheldon Whitehouse (D-RI)
Subjects
- Disability and paralysis
- Disability assistance
- Inflation and prices
- Poverty and welfare assistance
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.