# 119-s-1234: SSI Savings Penalty Elimination Act

119-s-1234, SSI Savings Penalty Elimination Act, is a 119th Congress bill sponsored by Sen. Cortez Masto, Catherine [D-NV] (D-NV); status introduced; PRIA reads it as touching household money (as of 2026-07-23).

- Canonical: https://policyrisk.com/legislation/119-s-1234
- As of: 2026-07-23
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1234
- Congress: 119
- Title: SSI Savings Penalty Elimination Act
- Status: introduced
- Introduced: 2025-04-01
- Sponsor: Sen. Cortez Masto, Catherine [D-NV] (D-NV)
- Cosponsors: 17
- Policy area: Social Welfare
- Touches household money: yes
- Last recorded action: 2026-07-23

## Summary

**Raises SSI resource limits and ties them to inflation.** This bill would replace the current low asset caps with higher limits for 2025 and then index those limits to the Consumer Price Index for All Urban Consumers (CPI‑U) so the limits do not decline in real terms. - Individuals on Supplemental Security Income would be able to keep more savings and still qualify. The individual resource limit would rise to $20,000 for 2025. - Couples claiming SSI would see their combined resource cap increase to $10,000 for 2025. - Resource limits would increase each year using a CPI‑U formula anchored to September 2024, providing annual inflation adjustments to prevent erosion of the limits in real dollars.

## Cosponsors (17)

- Sen. Cassidy, Bill [R-LA] (R-LA), 2025-04-01T00:00:00.000Z
- Sen. Wyden, Ron [D-OR] (D-OR), 2025-04-01T00:00:00.000Z
- Sen. Collins, Susan M. [R-ME] (R-ME), 2025-04-01T00:00:00.000Z
- Sen. Hassan, Margaret Wood [D-NH] (D-NH), 2025-04-01T00:00:00.000Z
- Sen. Lankford, James [R-OK] (R-OK), 2025-04-01T00:00:00.000Z
- Sen. Murray, Patty [D-WA] (D-WA), 2025-04-01T00:00:00.000Z
- Sen. Murkowski, Lisa [R-AK] (R-AK), 2025-04-01T00:00:00.000Z
- Sen. Whitehouse, Sheldon [D-RI] (D-RI), 2025-04-01T00:00:00.000Z
- Sen. Scott, Rick [R-FL] (R-FL), 2025-04-01T00:00:00.000Z
- Sen. Rounds, Mike [R-SD] (R-SD), 2025-09-29T00:00:00.000Z
- Sen. Reed, Jack [D-RI] (D-RI), 2025-09-29T00:00:00.000Z
- Sen. Justice, James C. [R-WV] (R-WV), 2026-07-13T00:00:00.000Z
- Sen. Gillibrand, Kirsten E. [D-NY] (D-NY), 2026-07-13T00:00:00.000Z
- Sen. Husted, Jon [R-OH] (R-OH), 2026-07-21T00:00:00.000Z
- Sen. Durbin, Richard J. [D-IL] (D-IL), 2026-07-21T00:00:00.000Z
- Sen. Cruz, Ted [R-TX] (R-TX), 2026-07-21T00:00:00.000Z
- Sen. King, Angus S., Jr. [I-ME] (I-ME), 2026-07-21T00:00:00.000Z

## Provisions PRIA read

- Higher SSI asset limits for recipients: benefit, high. If enacted, this bill would raise the SSI asset limits starting in calendar year 2025. A single person's limit would be $20,000 in 2025. A couple's limit would be $10,000 in 2025. For years after 2025, those limits would rise each year with inflation using the CPI‑U average for the 12 months ending…

## Related bills

- 119-s-1071: National Defense Authorization Act for Fiscal Year 2026
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan.
- 119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for the State of California.

## Sources
- [119-s-1234 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1234)

## Related
- [119-s-1071: National Defense Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-1071)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755)
- [119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for…](https://policyrisk.com/legislation/119-sres-739)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1234 (as of 2026-07-23).