A bipartisan Senate duo introduced legislation Tuesday to allow Supplemental Security Income recipients to amass greater savings and still qualify for benefits.
The bill sponsored by Sens. Sherrod Brown, D-Ohio, and Bill Cassidy, R-La., would raise financial savings limits for the first time in decades. The current limits have left low-income elderly, blind and disabled people unable to save for emergencies without losing benefits that provide a financial lifeline, lawmakers said.
“Americans receiving Supplemental Security Income are being victimized by a bunch of government rules from yesteryear,” said Senate Finance Chair Ron Wyden, D-Ore., who is backing the bill and attended a news conference to introduce the measure. “The fact is these are rules that have not kept up with the times.”
