HR2540Referred to Committee
SSI Savings Penalty Elimination Act
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2025-04-01
Introduced
33
Cosponsors
HR
ⓘType
Sponsor
Danny K. Davis
Democrat · IL · Representative
Votes with party: 98.7% (528 recorded votes)
Full profile: /officials/D000096
Source: Congress.gov · FEC
Cosponsors (33)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
- Bradley Scott Schneider (D-IL-10)Original· 2025-04-01
- Brian K. Fitzpatrick (R-PA-1)Original· 2025-04-01
- Christopher H. Smith (R-NJ-4)Original· 2025-04-01
- Christopher R. Deluzio (D-PA-17)Original· 2025-04-01
- Don Bacon (R-NE-2)Original· 2025-04-01
- John B. Larson (D-CT-1)Original· 2025-04-01
- Michael Lawler (R-NY-17)Original· 2025-04-01
- Steven Horsford (D-NV-4)Original· 2025-04-01
- Vern Buchanan (R-FL-16)Original· 2025-04-01
- Donald S. Beyer, Jr. (D-VA-8)· 2025-04-02
- Nicole Malliotakis (R-NY-11)· 2025-04-02
- Ann Wagner (R-MO-2)· 2025-04-07
- Debbie Dingell (D-MI-6)· 2025-04-07
- Jamie Raskin (D-MD-8)· 2025-04-28
- Jefferson Van Drew (D-NJ-2)· 2025-04-28
- Derrick Van Orden (R-WI-3)· 2025-05-05
- Mark DeSaulnier (D-CA-10)· 2025-05-05
- Dusty Johnson (R-SD)· 2025-09-02
- Seth Moulton (D-MA-6)· 2025-09-02
- Mary Gay Scanlon (D-PA-5)· 2025-09-03
- Pete Sessions (R-TX-17)· 2025-09-03
- John James (R-MI-10)· 2025-09-19
- Suzanne Bonamici (D-OR-1)· 2025-09-19
- Glenn Grothman (R-WI-6)· 2025-09-26
- Seth Magaziner (D-RI-2)· 2025-09-26
- Brittany Pettersen (D-CO-7)· 2025-11-25
- Tony Wied (R-WI-8)· 2025-11-25
- Glenn Thompson (R-PA-15)· 2026-03-16
- Steve Cohen (D-TN-9)· 2026-03-16
- Salud O. Carbajal (D-CA-24)· 2026-04-22
- Young Kim (R-CA-40)· 2026-04-22
- Josh Riley (D-NY-19)· 2026-05-13
- Nick LaLota (R-NY-1)· 2026-05-13
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- House Committee on Ways and MeansReferred To · 2025-04-01
Previously
- Ways and Means CommitteeReferred To · 2025-04-01
Plain-English Summary
This bill would remove the strict limits on how much money people receiving Supplemental Security Income (SSI) benefits can save without losing their assistance. Currently, SSI recipients can only keep about $2,000 in savings before their benefits are reduced or cut off, which discourages them from building financial security. The change would help low-income disabled people, elderly individuals, and blind people who rely on SSI to accumulate emergency savings without penalty.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
Social Welfare
Full bill text is not yet cached locally.
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