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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
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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 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
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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 September 12, 2023

Read twice and referred to the Committee on Finance.

 Related & companion bills 2
  • HR 7138 Related bill Supplemental Security Income Restoration Act of 2024
  • HR 5408 Identical bill SSI Savings Penalty Elimination Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 10
All 10 Democratic 4 Republican 6
D
Whitehouse, Sheldon
Rhode Island · Apr 23, 2024
 R
Scott, Rick
Florida · Apr 19, 2024
 R
Murkowski, Lisa
Alaska · Dec 6, 2023
 D
Murray, Patty
Washington · Dec 6, 2023
 D
Hassan, Margaret Wood
New Hampshire · Oct 3, 2023
 R
Rounds, Mike
South Dakota · Oct 3, 2023
 R
Cassidy, Bill
Louisiana · Sep 12, 2023
 R
Collins, Susan M.
Maine · Sep 12, 2023
 R
Lankford, James
Oklahoma · Sep 12, 2023
 D
Wyden, Ron
Oregon · Sep 12, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2767: SSI Savings Penalty Elimination Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-2767/
MLA
"S. 2767: SSI Savings Penalty Elimination Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-2767/.
Bluebook (legal)
S. 2767, 118th Cong. (2026), https://openamerica.io/bill/118-S-2767/.
Markdown link
[S. 2767: SSI Savings Penalty Elimination Act](https://openamerica.io/bill/118-S-2767/)
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