118th Congress · SENATE BILLBILL

S. 2767 — SSI Savings Penalty Elimination Act

“A bill to amend title XVI of the Social Security Act to update the resource limit for supplemental security income eligibility.”

Social welfare

Introduced Sep 12, 2023

Last action Sep 12, 2023

Pipeline · Bill → Law

Step 1

Introduced

Sep 12, 2023

Step 2

Referred

Sep 12, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Sep 12, 2023

Introduced in Senate

Sep 12, 2023

Read twice and referred to the Committee on Finance.