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HR 5408 118th Congress House Social Welfare Disability and paralysis Disability assistance Inflation and prices Poverty and welfare assistance

SSI Savings Penalty Elimination Act

Introduced: February 16, 2024 See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 17, 2024
Referred to the Subcommittee on Work and Welfare.
Feb 5, 2024
ASSUMING FIRST SPONSORSHIP - Mr. Davis (IL) asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 5408, a bill originally introduced by Representative Higgins (NY), for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
Sep 12, 2023
Referred to the House Committee on Ways and Means.
Sep 12, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now December 17, 2024

Referred to the Subcommittee on Work and Welfare.

 Related & companion bills 2
  • HR 7138 Related bill Supplemental Security Income Restoration Act of 2024
  • S 2767 Identical bill SSI Savings Penalty Elimination Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 35
All 35 Democratic 15 Republican 13
R
Johnson, Dusty
South Dakota · Aug 23, 2024
 D
Levin, Mike
California · Aug 23, 2024
Garcia, Mike
· Jul 23, 2024
 D
Ryan, Patrick
New York · Jul 23, 2024
 R
James, John
Michigan · Jun 11, 2024
 D
Lieu, Ted
California · Jun 11, 2024
 D
Carbajal, Salud O.
California · May 7, 2024
 R
Miller, Mary E.
Illinois · May 7, 2024
 D
Khanna, Ro
California · Apr 20, 2024
 R
Mann, Tracey
Kansas · Apr 20, 2024
 D
Landsman, Greg
Ohio · Apr 9, 2024
Williams, Brandon
· Apr 9, 2024
D'Esposito, Anthony
· Apr 5, 2024
 D
Lofgren, Zoe
California · Apr 5, 2024
 D
Larsen, Rick
Washington · Mar 29, 2024
 R
Smith, Christopher H.
New Jersey · Mar 29, 2024
 D
Deluzio, Christopher R.
Pennsylvania · Feb 16, 2024
 R
Malliotakis, Nicole
New York · Feb 16, 2024
Chavez-DeRemer, Lori
· Feb 6, 2024
 D
Hoyle, Val T.
Oregon · Feb 6, 2024
 R
De La Cruz, Monica
Texas · Feb 1, 2024
 D
Norton, Eleanor Holmes
District of Columbia · Feb 1, 2024
 R
Buchanan, Vern
Florida · Jan 10, 2024
 D
Gottheimer, Josh
New Jersey · Jan 10, 2024
 D
Moulton, Seth
Massachusetts · Jan 10, 2024
 R
Van Orden, Derrick
Wisconsin · Jan 10, 2024
 D
Barragán, Nanette Diaz
California · Dec 6, 2023
 R
Grothman, Glenn
Wisconsin · Dec 6, 2023
 D
Scanlon, Mary Gay
Pennsylvania · Dec 6, 2023
 R
Wagner, Ann
Missouri · Dec 6, 2023
Blumenauer, Earl
· Oct 26, 2023
Kildee, Daniel
· Oct 26, 2023
 R
Lawler, Michael
New York · Oct 26, 2023
Molinaro, Marcus
· Oct 26, 2023
 R
Fitzpatrick, Brian K.
Pennsylvania · Sep 12, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5408: SSI Savings Penalty Elimination Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-5408/
MLA
"H.R. 5408: SSI Savings Penalty Elimination Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-5408/.
Bluebook (legal)
H.R. 5408, 118th Cong. (2026), https://openamerica.io/bill/118-HR-5408/.
Markdown link
[H.R. 5408: SSI Savings Penalty Elimination Act](https://openamerica.io/bill/118-HR-5408/)
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