SSI Savings Penalty Elimination Act

Bill 119 s 1234, also known as the "Resource Limit Update for Supplemental Security Income Eligibility Act," aims to make changes to title XVI of the Social Security Act. The bill specifically focuses on updating the resource limit for individuals seeking eligibility for supplemental security income (SSI) benefits.

Currently, individuals must meet certain resource limits in order to qualify for SSI benefits. This bill seeks to adjust these limits to better reflect the cost of living and economic conditions facing individuals who rely on SSI benefits for financial support.

If passed, the bill would increase the resource limit for SSI eligibility, allowing more individuals to qualify for these crucial benefits. This adjustment would help ensure that those who are most in need of financial assistance are able to access the support they require to meet their basic needs. Overall, Bill 119 s 1234 aims to provide a much-needed update to the resource limits for SSI eligibility, ensuring that individuals who rely on these benefits are able to access the support they need to live with dignity and financial security.