SSI Savings Penalty Elimination Act

This bill raises the asset limits for Supplemental Security Income (SSI) recipients to allow more savings without losing benefits. It increases the individual resource limit from $2,250 to $20,000 (in 2025) and the couple limit from $1,500 to $10,000, with automatic annual inflation adjustments based on the Consumer Price Index. These changes directly affect low-income seniors and people with disabilities who rely on SSI. The bill eliminates the current "savings penalty" that previously forced recipients to spend down savings to qualify. The new limits will adjust each year to maintain their real value against inflation.