II
119THCONGRESS
1
STSESSION S. 1234
To amend title XVI of the Social Security Act to update the resource limit
for supplemental security income eligibility.
IN THE SENATE OF THE UNITED STATES
APRIL1 (legislative day, MARCH31), 2025
Ms. C
ORTEZMASTO(for herself, Mr. CASSIDY, Mr. WYDEN, Ms. COLLINS,
Ms. H
ASSAN, Mr. LANKFORD, Mrs. MURRAY, Ms. MURKOWSKI, Mr.
W
HITEHOUSE, and Mr. SCOTTof Florida) introduced the following bill;
which was read twice and referred to the Committee on Finance
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 Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘SSI Savings Penalty 4
Elimination Act’’. 5
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•S 1234 IS
SEC. 2. UPDATE IN ELIGIBILITY FOR THE SUPPLEMENTAL 1
SECURITY INCOME PROGRAM. 2
(a) U
PDATE INRESOURCELIMIT FORINDIVIDUALS 3
ANDCOUPLES.—Section 1611(a)(3) of such Act (42 4
U.S.C. 1382(a)(3)) is amended— 5
(1) in subparagraph (A), by striking ‘‘$2,250’’ 6
and all that follows through the end of the subpara-7
graph and inserting ‘‘$20,000 in calendar year 8
2025, and shall be increased as described in section 9
1617(d) for each subsequent calendar year.’’; and 10
(2) in subparagraph (B), by striking ‘‘$1,500’’ 11
and all that follows through the end of the subpara-12
graph and inserting ‘‘$10,000 in calendar year 13
2025, and shall be increased as described in section 14
1617(d) for each subsequent calendar year.’’. 15
(b) I
NFLATIONADJUSTMENT.—Section 1617 of such 16
Act (42 U.S.C. 1382f) is amended— 17
(1) in the section heading, by inserting ‘‘;
IN-18
FLATION ADJUSTMENT ’’ after ‘‘BENEFITS’’; and 19
(2) by adding at the end the following: 20
‘‘(d) In the case of any calendar year after 2025, each 21
of the amounts specified in section 1611(a)(3) shall be in-22
creased by multiplying each such amount by the quotient 23
(not less than 1) obtained by dividing— 24
‘‘(1) the average of the consumer price index 25
for all urban consumers (all items; United States 26
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•S 1234 IS
city average, as published by the Bureau of Labor 1
Statistics of the Department of Labor) for the 12- 2
month period ending with September of the pre-3
ceding calendar year, by 4
‘‘(2) such average for the 12-month period end-5
ing with September 2024.’’. 6
Æ
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