H.R.4280: Supplemental Security Income Restoration Act of 2019

The Supplemental Security Income (SSI) Restoration Act (H.R. 4280) would increase both the dollar benefit amount and the number of eligible participants for SSI. Under this bill, the asset threshold for receiving SSI benefits (which has remained static since 1989) would increase from $2,000 for individuals and $3,000 for couples to $10,000 for individuals and $20,000 for couples. The bill would also allow individuals to receive up to $1,476 annually and couples $4,788 annually from other sources, such as Social Security or pension payments, without a corresponding loss in SSI benefits, an increase of 550% from the current cap. Additionally, the bill would make technical changes to SSI, such as ending penalties for asset transfers, reducing the marriage penalty rate, and raising the cap on the current earnings penalty.

S. 2753 is the Senate companion bill