A bill to amend title XVI of the Social Security Act, to provide that the existing requirements for deeming a parent's income and resources to his or her children under age 18 shall not apply in the case of certain severely disabled children, and for other purposes.

Summary

Amends title XVI (Supplemental Security Income) (SSI) of the Social Security Act to exclude parental income and resources from the determination of a disabled child's SSI eligibility if such child requires the level of care provided in a hospital, skilled nursing facility, or intermediate care facility, but care outside such a facility is appropriate and less costly. Amends the Internal Revenue Code to impose a 50 percent excise tax on gain or other income realized by greenmail (amounts paid by corporations in redeeming their stock from certain shareholders) recipients.

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Timeline

1. 25 February 1988

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 25 February 1988

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 25 February 1988

  Open at official source

Sponsors

• Sen. Kerry, John F. [D-MA] · D · Sponsor
• Sen. Kennedy, Edward M. [D-MA] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → A bill to amend title XVI of the Social Security Act to provide that the existing requirement for deeming a parent's income and resources to his or her children under age 18 shall not apply in the case of certain severely disabled children, and for other purposes.