SSI Savings Penalty Elimination Act

This bill raises the asset limits for Supplemental Security Income (SSI) program eligibility. It increases the maximum allowable savings for individuals from $2,250 to $20,000 (in 2025, with future inflation adjustments) and for couples from $1,500 to $10,000 (also starting in 2025). The bill adds a specific inflation adjustment mechanism using the Consumer Price Index to automatically update these limits annually after 2025. This change directly affects low-income SSI recipients who currently lose benefits when their savings exceed the current, low thresholds.