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SSI Savings Penalty Elimination Act (S-1234) · Congress.wiki

Text Versions

Text as it was Introduced in Senate

April 1, 2025

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Sponsors (12)

Related Legislation

Amendments

No Amendments

AI Summary

Changes the asset/resource limits used to determine eligibility for Supplemental Security Income (SSI) by setting new specified limits for calendar year 2025 and establishing an automatic annual inflation adjustment after 2025. The inflation adjustment uses a CPI-based formula so the resource limits increase each year to reflect changes in the cost of living.

House Votes

Vote Data Not Available

Senate Votes

Pending Committee

April 1, 2025

Read twice and referred to the Committee on Finance.

Presidential Signature

Signature Data Not Available

United StatesSenate Bill 1234S 1234

SSI Savings Penalty Elimination Act

Social Welfare

senate
house
president

Introduced April 1, 2025 by Catherine Marie Cortez Masto · Last progress April 1, 2025

Illinoisrepresentative·Danny K. Davis

Social Welfare

SSI Savings Penalty Elimination Act

house

senate

president

27 cosponsors·Updated 3/8/2026·Last progress April 1, 2025