| 1 | 1 | | II |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION S. 1234 |
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| 5 | 5 | | To amend title XVI of the Social Security Act to update the resource limit |
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| 6 | 6 | | for supplemental security income eligibility. |
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| 7 | 7 | | IN THE SENATE OF THE UNITED STATES |
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| 8 | 8 | | APRIL1 (legislative day, MARCH31), 2025 |
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| 9 | 9 | | Ms. C |
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| 10 | 10 | | ORTEZMASTO(for herself, Mr. CASSIDY, Mr. WYDEN, Ms. COLLINS, |
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| 11 | 11 | | Ms. H |
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| 12 | 12 | | ASSAN, Mr. LANKFORD, Mrs. MURRAY, Ms. MURKOWSKI, Mr. |
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| 13 | 13 | | W |
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| 14 | 14 | | HITEHOUSE, and Mr. SCOTTof Florida) introduced the following bill; |
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| 15 | 15 | | which was read twice and referred to the Committee on Finance |
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| 16 | 16 | | A BILL |
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| 17 | 17 | | To amend title XVI of the Social Security Act to update |
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| 18 | 18 | | the resource limit for supplemental security income eligibility. |
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| 19 | 19 | | Be it enacted by the Senate and House of Representa-1 |
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| 20 | 20 | | tives of the United States of America in Congress assembled, 2 |
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| 21 | 21 | | SECTION 1. SHORT TITLE. 3 |
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| 22 | 22 | | This Act may be cited as the ‘‘SSI Savings Penalty 4 |
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| 23 | 23 | | Elimination Act’’. 5 |
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| 24 | 24 | | VerDate Sep 11 2014 02:57 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1234.IS S1234 |
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| 25 | 25 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 26 | 26 | | •S 1234 IS |
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| 27 | 27 | | SEC. 2. UPDATE IN ELIGIBILITY FOR THE SUPPLEMENTAL 1 |
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| 28 | 28 | | SECURITY INCOME PROGRAM. 2 |
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| 29 | 29 | | (a) U |
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| 30 | 30 | | PDATE INRESOURCELIMIT FORINDIVIDUALS 3 |
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| 31 | 31 | | ANDCOUPLES.—Section 1611(a)(3) of such Act (42 4 |
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| 32 | 32 | | U.S.C. 1382(a)(3)) is amended— 5 |
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| 33 | 33 | | (1) in subparagraph (A), by striking ‘‘$2,250’’ 6 |
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| 34 | 34 | | and all that follows through the end of the subpara-7 |
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| 35 | 35 | | graph and inserting ‘‘$20,000 in calendar year 8 |
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| 36 | 36 | | 2025, and shall be increased as described in section 9 |
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| 37 | 37 | | 1617(d) for each subsequent calendar year.’’; and 10 |
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| 38 | 38 | | (2) in subparagraph (B), by striking ‘‘$1,500’’ 11 |
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| 39 | 39 | | and all that follows through the end of the subpara-12 |
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| 40 | 40 | | graph and inserting ‘‘$10,000 in calendar year 13 |
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| 41 | 41 | | 2025, and shall be increased as described in section 14 |
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| 42 | 42 | | 1617(d) for each subsequent calendar year.’’. 15 |
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| 43 | 43 | | (b) I |
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| 44 | 44 | | NFLATIONADJUSTMENT.—Section 1617 of such 16 |
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| 45 | 45 | | Act (42 U.S.C. 1382f) is amended— 17 |
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| 46 | 46 | | (1) in the section heading, by inserting ‘‘; |
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| 47 | 47 | | IN-18 |
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| 48 | 48 | | FLATION ADJUSTMENT ’’ after ‘‘BENEFITS’’; and 19 |
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| 49 | 49 | | (2) by adding at the end the following: 20 |
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| 50 | 50 | | ‘‘(d) In the case of any calendar year after 2025, each 21 |
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| 51 | 51 | | of the amounts specified in section 1611(a)(3) shall be in-22 |
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| 52 | 52 | | creased by multiplying each such amount by the quotient 23 |
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| 53 | 53 | | (not less than 1) obtained by dividing— 24 |
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| 54 | 54 | | ‘‘(1) the average of the consumer price index 25 |
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| 55 | 55 | | for all urban consumers (all items; United States 26 |
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| 56 | 56 | | VerDate Sep 11 2014 02:57 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S1234.IS S1234 |
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| 57 | 57 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 3 |
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| 58 | 58 | | •S 1234 IS |
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| 59 | 59 | | city average, as published by the Bureau of Labor 1 |
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| 60 | 60 | | Statistics of the Department of Labor) for the 12- 2 |
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| 61 | 61 | | month period ending with September of the pre-3 |
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| 62 | 62 | | ceding calendar year, by 4 |
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| 63 | 63 | | ‘‘(2) such average for the 12-month period end-5 |
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| 64 | 64 | | ing with September 2024.’’. 6 |
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| 65 | 65 | | Æ |
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| 66 | 66 | | VerDate Sep 11 2014 02:57 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\S1234.IS S1234 |
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| 67 | 67 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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