SSI Savings Penalty Elimination Act
Sponsored By: Representative Davis (IL)
Introduced
Summary
Raises Supplemental Security Income resource limits and indexes them to inflation. The bill would increase the SSI resource cap to $20,000 for individuals and $10,000 for couples in 2025 and would apply automatic yearly increases tied to the Consumer Price Index for All Urban Consumers (CPI-U).
Show full summary
- Single SSI recipients: Would be allowed up to $20,000 in countable resources in 2025, up from $2,250 today.
- Couples receiving SSI: Would be allowed up to $10,000 in countable resources in 2025, up from $1,500 today.
- Automatic inflation updates: Each dollar limit would rise each year based on the CPI-U average through September, so the caps increase with inflation rather than staying fixed.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Higher savings limits for SSI recipients
This bill would let SSI applicants and recipients keep more savings and still qualify. Starting in calendar year 2025, the resource limit would be $20,000 for an individual and $10,000 for a couple. These would replace the prior limits of $2,250 and $1,500. Each year after 2025, the limits would rise with inflation, using the CPI-U 12-month average ending each September, compared to the average ending September 2024. The limits would not go down even if prices fall.
Sponsors & CoSponsors
Sponsor
Davis (IL)
IL • D
Cosponsors
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 4/1/2025
Rep. Larson, John B. [D-CT-1]
CT • D
Sponsored 4/1/2025
Rep. Lawler, Michael [R-NY-17]
NY • R
Sponsored 4/1/2025
Rep. Deluzio, Christopher R. [D-PA-17]
PA • D
Sponsored 4/1/2025
Rep. Smith, Christopher H. [R-NJ-4]
NJ • R
Sponsored 4/1/2025
Rep. Schneider, Bradley Scott [D-IL-10]
IL • D
Sponsored 4/1/2025
Buchanan
FL • R
Sponsored 4/1/2025
Rep. Horsford, Steven [D-NV-4]
NV • D
Sponsored 4/1/2025
Rep. Bacon, Don [R-NE-2]
NE • R
Sponsored 4/1/2025
Rep. Beyer, Donald S. [D-VA-8]
VA • D
Sponsored 4/2/2025
Rep. Malliotakis, Nicole [R-NY-11]
NY • R
Sponsored 4/2/2025
Rep. Dingell, Debbie [D-MI-6]
MI • D
Sponsored 4/7/2025
Rep. Wagner, Ann [R-MO-2]
MO • R
Sponsored 4/7/2025
Rep. Raskin, Jamie [D-MD-8]
MD • D
Sponsored 4/28/2025
Van Drew
NJ • R
Sponsored 4/28/2025
Rep. DeSaulnier, Mark [D-CA-10]
CA • D
Sponsored 5/5/2025
Rep. Van Orden, Derrick [R-WI-3]
WI • R
Sponsored 5/5/2025
Rep. Moulton, Seth [D-MA-6]
MA • D
Sponsored 9/2/2025
Johnson (SD)
SD • R
Sponsored 9/2/2025
Rep. Scanlon, Mary Gay [D-PA-5]
PA • D
Sponsored 9/3/2025
Sessions
TX • R
Sponsored 9/3/2025
Bonamici
OR • D
Sponsored 9/19/2025
Rep. James, John [R-MI-10]
MI • R
Sponsored 9/19/2025
Rep. Magaziner, Seth [D-RI-2]
RI • D
Sponsored 9/26/2025
Rep. Grothman, Glenn [R-WI-6]
WI • R
Sponsored 9/26/2025
Rep. Pettersen, Brittany [D-CO-7]
CO • D
Sponsored 11/25/2025
Wied
WI • R
Sponsored 11/25/2025
Cohen
TN • D
Sponsored 3/16/2026
Rep. Thompson, Glenn [R-PA-15]
PA • R
Sponsored 3/16/2026
Rep. Carbajal, Salud O. [D-CA-24]
CA • D
Sponsored 4/22/2026
Rep. Kim, Young [R-CA-40]
CA • R
Sponsored 4/22/2026
Riley (NY)
NY • D
Sponsored 5/13/2026
LaLota
NY • R
Sponsored 5/13/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov