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SSI Savings Penalty Elimination Act

USA117th CongressS-4102| Senate 
| Updated: 4/28/2022
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Cosponsors (7)
Bill Cassidy (Republican)Margaret Wood Hassan (Democratic)Robert P. Casey (Democratic)Tim Scott (Republican)Susan M. Collins (Republican)Rob Portman (Republican)Ron Wyden (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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
Apr 28, 2022
Introduced in Senate
Apr 28, 2022
Read twice and referred to the Committee on Finance.
  • April 28, 2022
    Introduced in Senate


  • April 28, 2022
    Read twice and referred to the Committee on Finance.

Social Welfare

Disability and paralysisDisability assistanceInflation and pricesPoverty and welfare assistance

SSI Savings Penalty Elimination Act

USA117th CongressS-4102| Senate 
| Updated: 4/28/2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 28, 2022
Introduced in Senate
Apr 28, 2022
Read twice and referred to the Committee on Finance.
  • April 28, 2022
    Introduced in Senate


  • April 28, 2022
    Read twice and referred to the Committee on Finance.
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Cosponsors (7)
Bill Cassidy (Republican)Margaret Wood Hassan (Democratic)Robert P. Casey (Democratic)Tim Scott (Republican)Susan M. Collins (Republican)Rob Portman (Republican)Ron Wyden (Democratic)

Finance Committee

Social Welfare

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Disability and paralysisDisability assistanceInflation and pricesPoverty and welfare assistance