Who it affects
- Individuals qualifying for Supplemental Security Income
- Couples qualifying for Supplemental Security Income
In committeeGovernment benefits
SSI Savings Penalty Elimination Act
H.R. 2540 · House bill · Introduced April 1, 2025
The SSI Savings Penalty Elimination Act would raise savings and asset limits for people qualifying for Supplemental Security Income and adjust those limits annually for inflation.
At a glance
Where it stands
In committee
How South Carolina voted
No recorded votes yet.
See each vote ↓Lobbying and money
No lobbying reported yet
Lobbyists report every three months, about 20 days after each quarter ends. We have January 2025 through September 2026 reports. Newer reports will be added once filed and published.
What it would do
- The bill would raise the limits on savings and other assets counted when deciding Supplemental Security Income eligibility.
- For 2025, the limits would be $10,000 for individuals and $20,000 for couples.
- After 2025, the limits would be adjusted annually using the Consumer Price Index.
- The adjustment could not lower the limits below the 2025 amounts.
Written with AI from the official bill text, because no CRS summary is available. Read the bill text ↗
How South Carolina voted
No recorded roll-call vote on this bill yet.
Groups that lobbied on it and gave to SC's members
PAC, lobbyist campaign and qualifying employee money this election, shown separately and never added together. Lobbying reports name the bills a group worked on, not which side it took.
No lobbying reported yet. Lobbyists report every three months, about 20 days after each quarter ends. We have January 2025 through September 2026 reports. Newer reports will be added once filed and published.
Official record
Official title, sponsor and status
- Official title
- To amend title XVI of the Social Security Act to update the resource limit for supplemental security income eligibility.
- Sponsor
- Rep. Davis, Danny K. (D-IL)
- Introduced
- April 1, 2025
- Cosponsors
- 41
- Committees
- House Ways and Means Committee
- Latest action
- April 1, 2025 · Referred to the House Committee on Ways and Means.
Official summary from the Congressional Research Service
Congress hasn't published an official summary.
Summary on Congress.gov ↗Everyone who lobbied on this bill (0 groups)
No lobbying report we have loaded names this bill. That doesn't mean no lobbying took place.
Lobbyists report every three months, about 20 days after each quarter ends. We have January 2025 through September 2026 reports. Newer reports will be added once filed and published. Reports for October through December 2026 are due January 20, 2027.