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HR 2540
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SSI Savings Penalty Elimination Act

To amend title XVI of the Social Security Act to update the resource limit for supplemental security income eligibility.

Introduced Apr 1, 2025

Latest action (Apr 1, 2025) Referred to the House Committee on Ways and Means.

Referred to
Ways and Means Committee
Policy area
Social Welfare
Issues
Economy & Taxes

Summary

This bill increases the resource limits for Supplemental Security Income (SSI), the federal program that provides cash assistance to elderly, blind, and disabled individuals with limited income and resources. Currently, individuals receiving SSI can have no more than $2,250 in resources and couples no more than $1,500; the bill raises these limits to $20,000 for individuals and $10,000 for couples beginning in 2025. The resource limits will automatically increase each subsequent year based on inflation, measured by the Consumer Price Index. By raising these thresholds, more individuals and couples would qualify for SSI benefits despite having more savings.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
35 cosponsors

Money behind the sponsor

Top reported contributors to Danny K. Davis’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • OWNER $10,200
  • NULL $7,138
  • RIGHTEOUS WORKS $6,600
  • DAMRON CORP $6,000
  • PRIVATE PRACTICE $4,500

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Danny K. Davis → · Outside spending →

Actions (2)
  1. Apr 1, 2025 Referred to the House Committee on Ways and Means. · house
  2. Apr 1, 2025 Introduced in House

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • S 1234 — SSI Savings Penalty Elimination Act · Introduced Apr 1, 2025 · Cong. 119 82%
  • HR 2579 — Reduce Duplication and Improve Access to Work Act · Introduced Apr 1, 2025 · Cong. 119 72%
  • HR 2610 — Protecting Options for Seniors Act of 2025 · Introduced Apr 2, 2025 · Cong. 119 71%
  • HR 8298 — SSI Savings and Efficiency Act of 2026 · Introduced Apr 15, 2026 · Cong. 119 69%
  • HR 2142 — Social Security Overpayment Relief Act · Introduced Mar 14, 2025 · Cong. 119 69%
  • HR 3007 — Medicare Protection Act of 2025 · Introduced Apr 24, 2025 · Cong. 119 68%

Text versions (1)
  • Introduced in House · Apr 1, 2025

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

IN THE HOUSE OF REPRESENTATIVES

April 1, 2025

Mr. Davis of Illinois (for himself, Mr. Fitzpatrick, Mr. Larson of Connecticut, Mr. Lawler, Mr. Deluzio, Mr. Smith of New Jersey, Mr. Schneider, Mr. Buchanan, Mr. Horsford, and Mr. Bacon) introduced the following bill; which was referred to the Committee on Ways and Means

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 Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “SSI Savings Penalty Elimination Act”.

SEC. 2. UPDATE IN ELIGIBILITY FOR THE SUPPLEMENTAL SECURITY INCOME PROGRAM.

(a) Update in Resource Limit for Individuals and Couples.—Section 1611(a)(3) of the Social Security Act (42 U.S.C. 1382(a)(3)) is amended—

(1) in subparagraph (A), by striking “$2,250” and all that follows through the end of the subparagraph and inserting “$20,000 in calendar year 2025, and shall be increased as described in section 1617(d) for each subsequent calendar year.”; and

(2) in subparagraph (B), by striking “$1,500” and all that follows through the end of the subparagraph and inserting “$10,000 in calendar year 2025, and shall be increased as described in section 1617(d) for each subsequent calendar year.”.

(b) Inflation Adjustment.—Section 1617 of such Act (42 U.S.C. 1382f) is amended—

(1) in the section heading, by inserting “; inflation adjustment” after “benefits”; and

(2) by adding at the end the following:

“(d) In the case of any calendar year after 2025, each of the dollar amounts specified in section 1611(a)(3) shall be increased by multiplying the dollar amount by the quotient (not less than 1) obtained by dividing—

“(1) the average of the Consumer Price Index for all urban consumers (all items; United States city average, as published by the Bureau of Labor Statistics of the Department of Labor) for the 12-month period ending with September of the preceding calendar year, by

“(2) such average for the 12-month period ending with September 2024.”. <all>

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