SSI Savings Penalty Elimination Act
The summary
What this bill does
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.
Legislative timeline
From introduction
Sep 12, 2023
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
· D-NY
35 cosponsors
U.S. Representative - PA District 1 · R-PA
· D-MI
U.S. Representative - NY District 17 · R-NY
· D-OR
· R-NY
U.S. Representative - MO District 2 · R-MO
U.S. Representative - PA District 5 · D-PA
U.S. Representative - WI District 6 · R-WI
U.S. Representative - CA District 44 · D-CA
U.S. Representative - FL District 16 · R-FL
Member of Congress · D-NJ
U.S. Representative - WI District 3 · R-WI
+ 23 more cosponsors
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 118 |
| Bill Type | HR |
| Bill Number | 5408 |
| Origin Chamber | House |
| Current Status | Introduced |
| Policy Area | Social Welfare |
| Primary Committee | Not assigned |
| Introduced | September 12, 2023 |
| Latest Action | December 17, 2024 |
| Cosponsors | 35 · House vote — · 1 views |