HR 5178 · 96th Congress · Social Welfare

a bill to amend title XVI of the Social Security Act to provide that interest on savings accounts (and other amounts similarly paid on deposits in financial institutions), if less than $60 in a calendar quarter, shall be excluded in determining an individual's income for eligibility and benefit purposes under the SSI program.

Introduced 1979-09-05· Sponsored by Rep. Tauke, Thomas Joseph [R-IA-2]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-09-05)

Plain Language Summary

[AI summary unavailable — showing source text] Amends title XVI (Supplemental Security Income) of the Social Security Act to exclude interest on savings accounts, if less than $60 in a calendar quarter, from an individual's income for purposes of determining such individual's benefits or eligibility for benefits under such title.…

Summarized by Claude AI · Non-partisan · For informational purposes only