SSI Savings Penalty Elimination Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2540 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2540 To amend title XVI of the Social Security Act to update the resource limit for supplemental security income eligibility. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 1, 2025 Mr. Davis of Illinois (for himself, Mr. Fitzpatrick, Mr. Larson of Connecticut, Mr. Lawler, Mr. Deluzio, Mr. Smith of New Jersey, Mr. Schneider, Mr. Buchanan, Mr. Horsford, and Mr. Bacon) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend title XVI of the Social Security Act to update the resource limit for supplemental security income eligibility. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``SSI Savings Penalty Elimination Act''. SEC. 2. UPDATE IN ELIGIBILITY FOR THE SUPPLEMENTAL SECURITY INCOME PROGRAM. (a) Update in Resource Limit for Indi…