SSI Savings Penalty Elimination Act

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.

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Timeline

1. 28 April 2022

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 28 April 2022

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 28 April 2022 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 28 April 2022

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 28 April 2022

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 28 April 2022

  Open at official source

Sponsors

• Sen. Brown, Sherrod [D-OH] · D · Sponsor
• Sen. Portman, Rob [R-OH] · R · Sponsor
• Ron Wyden · D · Cosponsor
• Bill Cassidy · R · Cosponsor
• Sen. Casey, Robert P., Jr. [D-PA] · D · Cosponsor
• Tim Scott · R · Cosponsor
• Maggie Hassan · D · Cosponsor
• Susan Collins · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → SSI Savings Penalty Elimination Act