Bill > HR397

This resolution urges the United States Congress to pass H.R. 2540, known as the SSI Savings Penalty Elimination Act, and to increase the resource limits for Supplemental Security Income (SSI). SSI is a federal program that provides monthly financial assistance to individuals who are 65 or older, blind, or have disabilities that significantly limit their ability to earn income. Currently, SSI eligibility is restricted to those with very limited income and resources, defined as assets that can be converted to cash for food or shelter, such as bank accounts, stocks, and property. For an individual, this resource limit is $2,000, and for a couple, it's $3,000, limits that have not been adjusted for inflation since 1989. These strict limits can prevent individuals from saving money, accessing healthcare, or improving their quality of life, and can even lead to the fear of losing benefits, potentially causing couples to divorce or avoid marriage. The proposed H.R. 2540 aims to raise these resource limits to $10,000 for individuals and $20,000 for couples, a bipartisan measure supported by various organizations, which proponents believe will help individuals achieve financial stability, reduce administrative costs for the Social Security Administration, and decrease payment errors.

Government Affairs

https://www.palegis.us/legislation/bills/2025/hr397