CONGRESS FOR VOTERS

Catherine Cortez Masto (D-NV)

SSI Savings Penalty Elimination Act

S. 1234 · Senate bill Social Welfare

A Democratic bill with 9 Republican cosponsors · See all 17 cosponsors

Last activity — Read twice and referred to the Committee on Finance.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "SSI Savings Penalty Elimination Act," aims to amend title XVI of the Social Security Act. It seeks to update the resource limits required for Supplemental Security Income eligibility. Specifically, it proposes increasing the resource limit for individuals and couples. The bill also establishes a method for these limits to be adjusted for inflation in subsequent years.

Yes· 3 of 6

  • Scored +8

    Would people over 65 be better off under this?

    The increase in SSI resource limits directly benefits many seniors who rely on these safety net programs.

  • Scored +8

    Would people with disabilities be better off under this?

    The bill specifically targets resource limits for the SSI program, which is a vital resource for many people with disabilities.

  • Scored +7

    Would households on low incomes be better off under this?

    The bill provides significant relief for low-income individuals by allowing them to retain more assets while qualifying for SSI.

The opposite

No question was scored the opposite.