S 2767
118th Congress
Senate
Social Welfare
Disability and paralysis
Disability assistance
Inflation and prices
Poverty and welfare assistance
SSI Savings Penalty Elimination Act
Introduced: September 12, 2023
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 12, 2023
Read twice and referred to the Committee on Finance.
Sep 12, 2023
Introduced in Senate
Plain-English summary
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1