Bill 118 HR 7138, also known as the Supplemental Security Income Restoration Act of 2024, aims to make significant changes to the Supplemental Security Income (SSI) program. The bill was introduced in the House of Representatives in response to concerns about the adequacy of SSI benefits for low-income individuals and families.
One of the key provisions of the bill is an increase in the SSI benefit amount. The bill proposes to raise the monthly benefit amount for individuals and couples receiving SSI, in order to better reflect the cost of living and provide a more adequate level of support for those in need.
Additionally, the bill includes measures to improve access to SSI benefits for eligible individuals. This includes streamlining the application process, providing more resources for outreach and education about the program, and ensuring that individuals with disabilities are able to access the benefits they are entitled to.
The bill also addresses concerns about the asset limits for SSI eligibility. Currently, individuals must have limited assets in order to qualify for SSI benefits. The bill proposes to increase the asset limits, allowing individuals to have more savings and resources without losing their eligibility for SSI.
Overall, the Supplemental Security Income Restoration Act of 2024 seeks to strengthen and improve the SSI program, ensuring that low-income individuals and families have access to the support they need to live with dignity and security. The bill is currently under consideration in the House of Representatives, where it will be debated and voted on before potentially moving to the Senate for further consideration.