HR 2540
SSI Savings Penalty Elimination Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 2:55 AM
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- Passed Senate
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Bill overview
This bill, the SSI Savings Penalty Elimination Act, aims to change how much savings people can have without affecting their eligibility for Supplemental Security Income (SSI). It increases the resource limits – the amount of money people can have in savings – that are used to determine SSI eligibility. Specifically, it raises the limits for both individuals and couples, and adjusts these limits annually to account for inflation. This change is intended to reduce financial penalties for low-income seniors and people with disabilities.
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