summary
Introduced
09/12/2023
09/12/2023
In Committee
12/17/2024
12/17/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend title XVI of the Social Security Act to update the resource limit for supplemental security income eligibility.
AI Summary
This bill, the "SSI Savings Penalty Elimination Act," seeks to update the resource limit for the Supplemental Security Income (SSI) program. Specifically, it would increase the resource limit for individuals to $20,000 and for couples to $10,000 in 2023, with these amounts to be adjusted for inflation in subsequent years. The bill amends the Social Security Act to make these changes, which aim to provide more financial flexibility for SSI recipients by allowing them to save more without losing their eligibility for the program.
Committee Categories
Budget and Finance
Sponsors (36)
Brian Higgins (D)*,
Nanette Barragán (D),
Earl Blumenauer (D),
Vern Buchanan (R),
Salud Carbajal (D),
Lori Chavez-DeRemer (R),
Anthony D'Esposito (R),
Monica De La Cruz (R),
Chris Deluzio (D),
Brian Fitzpatrick (R),
Mike Garcia (R),
Josh Gottheimer (D),
Glenn Grothman (R),
Val Hoyle (D),
John James (R),
Dusty Johnson (R),
Ro Khanna (D),
Dan Kildee (D),
Greg Landsman (D),
Rick Larsen (D),
Mike Lawler (R),
Mike Levin (D),
Ted Lieu (D),
Zoe Lofgren (D),
Nicole Malliotakis (R),
Tracey Mann (R),
Mary Miller (R),
Marc Molinaro (R),
Seth Moulton (D),
Eleanor Holmes Norton (D),
Pat Ryan (D),
Mary Gay Scanlon (D),
Chris Smith (R),
Derrick Van Orden (R),
Ann Wagner (R),
Brandon Williams (R),
Last Action
Referred to the Subcommittee on Work and Welfare. (on 12/17/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/5408/all-info |
| BillText | https://www.congress.gov/118/bills/hr5408/BILLS-118hr5408ih.pdf |
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