SSI Savings Penalty Elimination Act
Official title: To amend title XVI of the Social Security Act to update the resource limit for supplemental security income eligibility.
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Referred to the Subcommittee on Work and Welfare.
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.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 5408: SSI Savings Penalty Elimination Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-5408/
"H.R. 5408: SSI Savings Penalty Elimination Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-5408/.
H.R. 5408, 118th Cong. (2026), https://openamerica.io/bill/118-HR-5408/.
[H.R. 5408: SSI Savings Penalty Elimination Act](https://openamerica.io/bill/118-HR-5408/)