A federal program that provides monthly income to elderly, blind and disabled Americans to provide for their basic needs has not been updated in about 40 years.
On Tuesday, Washington lawmakers renewed a push to update rules associated with the program known as Supplemental Security Income, or SSI.
The proposal, called the SSI Savings Penalty Elimination Act, would raise the program's asset limits to $10,000 for an individual and $20,000 for couples, up from $2,000 and $3,000, respectively.
"It's an easy fix, encourages work, allows savings and gets people out of poverty," Cassidy said Tuesday during a Capitol Hill event.
"And they punish people who want to do the right thing and save money."
Persons:
Sherrod Brown, Bill Cassidy, Cassidy, Brown
Organizations:
SSI, Sens, Finance, Money, Homeowners, Social Security Administration
Locations:
Washington, Ohio