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119-hr-2540Committee
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SSI Savings Penalty Elimination Act

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Summary

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This bill amends the Supplemental Security Income (SSI) program to increase the resource limits for eligibility. It raises the resource limit for individuals from $2,250 to $20,000 and for couples from $1,500 to $10,000, effective in calendar year 2025. The bill also establishes an automatic inflation adjustment mechanism to increase these limits annually based on the Consumer Price Index.

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Bill details

Congress
119
Bill type
hr
Introduced
April 1, 2025
Sponsor
Danny DavisDIL
Cosponsors
33
Last action
April 1, 2025— Referred to the House Committee on Ways and Means.

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