SSI Savings Penalty Elimination Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 38
- Latest action
- Apr 1, 2025
What it does
The SSI Savings Penalty Elimination Act would raise the resource limits for Supplemental Security Income (SSI) eligibility from $2,250 to $20,000 for individuals and from $1,500 to $10,000 for couples, effective in calendar year 2025. These updated limits would be adjusted annually for inflation based on the Consumer Price Index, ensuring they keep pace with cost-of-living changes. The bill affects low-income individuals who rely on SSI by allowing them to save more money without losing eligibility for benefits.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.