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H.R. 2540: SSI Savings Penalty Elimination Act

119th Congress · introduced 2025-04-01 · Social Welfare · Latest: Referred to the House Committee on Ways and Means.

federal

What does this mean?

Official title

SSI Savings Penalty Elimination Act

Plain summary

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A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

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PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

SSI Savings Penalty Elimination Act

Source: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr2540.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

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The strongest published arguments

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Officials and money

Sponsor: Rep. Davis, Danny K. [D-IL-7] · 41 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Brian K. Fitzpatrick (R-PA), John B. Larson (D-CT), Michael Lawler (R-NY), Christopher R. Deluzio (D-PA), Christopher H. Smith (R-NJ), Bradley Scott Schneider (D-IL), Vern Buchanan (R-FL), Steven Horsford (D-NV), Don Bacon (R-NE), Donald S. Beyer, Jr. (D-VA), Nicole Malliotakis (R-NY), Debbie Dingell (D-MI), Ann Wagner (R-MO), Jamie Raskin (D-MD), Jefferson Van Drew (R-NJ), Mark DeSaulnier (D-CA), Derrick Van Orden (R-WI), Seth Moulton (D-MA), Dusty Johnson (R-SD), Mary Gay Scanlon (D-PA), Pete Sessions (R-TX), Suzanne Bonamici (D-OR), John James (R-MI), Seth Magaziner (D-RI), Glenn Grothman (R-WI), Brittany Pettersen (D-CO), Tony Wied (R-WI), Steve Cohen (D-TN), Glenn Thompson (R-PA), Salud O. Carbajal (D-CA), Young Kim (R-CA), Josh Riley (D-NY), Nick LaLota (R-NY), Gwen Moore (D-WI), Maria Elvira Salazar (R-FL), Nikki Budzinski (D-IL), Thomas H. Kean, Jr. (R-NJ), Juan Vargas (D-CA), Nicholas A. Langworthy (R-NY), Ted Lieu (D-CA), Warren Davidson (R-OH)

Sponsor's campaign money: Rep. Davis, Danny K. [D-IL-7] reported raising $100,598 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Sources

Record fed-us-cong119-hr2540 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills