H.R. 8298: SSI Savings and Efficiency Act of 2026

This bill, titled the **SSI Savings and Efficiency Act of 2026**, proposes changes to the Supplemental Security Income (SSI) program, which provides financial assistance to individuals with disabilities and low-income elderly individuals. The primary aim of the legislation is to amend how certain types of support are considered when calculating an individual's income for SSI eligibility.

Key Provisions

• Exclusion of In-Kind Support: The bill specifically states that support and maintenance provided "in kind" (meaning non-cash assistance such as food, housing, or medical care) will not be counted as income for SSI recipients. This change could potentially increase the amount of cash assistance beneficiaries can receive without affecting their eligibility for SSI.
• Amending the Current Law: The bill seeks to revise Section 1612 of the Social Security Act to clarify that in-kind support does not count toward the income calculation. This involves specific wording changes to ensure that cash and in-kind supports are treated differently under the law.
• Adjustment of Definitions: Amendments will redefine certain terms and redesignate paragraphs within existing laws to align with the new provisions of excluding in-kind support from income.

Impact of the Changes

The exclusion of in-kind support from income calculations is intended to enhance the financial position of SSI beneficiaries by ensuring that those who receive support in forms other than cash do not lose benefits due to this support being counted as income. The changes will aim to make the SSI program more efficient and responsive to the needs of individuals relying on these benefits.

Implementation Timeline

The changes proposed in this bill would become effective one year after it is enacted. This allows for a transition period for the relevant authorities to adjust to the new rules and for beneficiaries to receive guidance on how these changes will affect them.

Relevant Companies

None found.