Bill > HR2540

This bill aims to update the resource limits for the Supplemental Security Income (SSI) program, which provides financial support to low-income individuals who are elderly, blind, or disabled. Currently, SSI recipients are limited in the amount of assets they can possess while remaining eligible for benefits. The bill would significantly increase these resource limits, raising the individual resource limit from $2,250 to $20,000 and the couple's resource limit from $1,500 to $10,000, starting in calendar year 2025. Additionally, the bill establishes an annual inflation adjustment mechanism that will automatically increase these dollar amounts each year based on changes in the Consumer Price Index (CPI). This means the resource limits will be indexed to inflation, helping SSI recipients maintain their eligibility as the cost of living rises. The proposed changes would provide more financial flexibility for SSI beneficiaries by allowing them to maintain a larger financial cushion without losing their critical government assistance.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/2540/all-info