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SSI Savings Penalty Elimination Act

This act aims to update the resource limits for individuals applying for or receiving Supplemental Security Income (SSI). It establishes new limit amounts for 2022 and introduces an annual inflation adjustment mechanism.
Key points
Updates the resource limit in subparagraph (A) to $20,000 in 2022 (replacing $2,250).
Updates the resource limit in subparagraph (B) to $10,000 in 2022 (replacing $1,500).
Introduces annual inflation adjustments based on the Consumer Price Index (CPI-U) for years after 2022.
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Expired
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Additional Information
Print number: 117_S_4102
Sponsor: Sen. Brown, Sherrod [D-OH]
Process start date: 2022-04-28
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SSI Savings Penalty Elimination Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4102.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-04-28.

What are the main provisions?

Key points include:

  • Updates the resource limit in subparagraph (A) to $20,000 in 2022 (replacing $2,250).
  • Updates the resource limit in subparagraph (B) to $10,000 in 2022 (replacing $1,500).
  • Introduces annual inflation adjustments based on the Consumer Price Index (CPI-U) for years after 2022.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Brown, Sherrod [D-OH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

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