SSI Savings Penalty Elimination Act
Sponsored By: Senator Cortez Masto, Catherine [D-NV]
Introduced
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.
Show full summary
- 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.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Higher SSI asset limits for recipients
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 the September before the year, divided by the average for the 12 months ending September 2024, but never less than 1. If passed, this could let more low-income seniors and people with disabilities keep SSI benefits instead of being forced to spend down savings.
Sponsors & CoSponsors
Sponsor
Cortez Masto, Catherine [D-NV]
NV • D
Cosponsors
Sen. Cassidy, Bill [R-LA]
LA • R
Sponsored 4/1/2025
Sen. Wyden, Ron [D-OR]
OR • D
Sponsored 4/1/2025
Sen. Collins, Susan M. [R-ME]
ME • R
Sponsored 4/1/2025
Sen. Hassan, Margaret Wood [D-NH]
NH • D
Sponsored 4/1/2025
Sen. Lankford, James [R-OK]
OK • R
Sponsored 4/1/2025
Sen. Murray, Patty [D-WA]
WA • D
Sponsored 4/1/2025
Sen. Murkowski, Lisa [R-AK]
AK • R
Sponsored 4/1/2025
Sen. Whitehouse, Sheldon [D-RI]
RI • D
Sponsored 4/1/2025
Sen. Scott, Rick [R-FL]
FL • R
Sponsored 4/1/2025
Mike Rounds
SD • R
Sponsored 9/29/2025
Sen. Reed, Jack [D-RI]
RI • D
Sponsored 9/29/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov