,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #dehc  ,,in ,,the ,,house ,,of  
,,representatives  ,may #f1 #bjad ,ms4  
,tsongas 7for herself1 ,mr4 ,petri1 ,mr4
 ,ellison1 ,mr4 ,langevin1 ,ms4         
,schwartz1 ,mr4 ,mc,govern1 ,mr4        
,enyart1 ,mr4 ,o',rourke1 and ,ms4      
,shea-,porter7 introduced the following 
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to modify certain requirements 
for countable resources and income under
 the ,supplemental ,security ,income    
program1 and for other purposes4  #a4   
,short title ,this ,act may be cited as 
the ,,ssi ,savers ,act of #bjad4  #b4   
,increase in resource limits2 inflation 
adjustment  7a7 ,increase in resource   
limits ,section #afaa7;a77#c7 of the    
,social ,security ,act 7#db ,u4,s4,c4   
#achb7;a77#c77 is amended--  7#a7 in    
subparagraph 7,a7--  7,a7 by striking   
and the last place it appears2 and  7,b7
 by inserting 1 and to #h1bej on        
,january #a of the first calendar year  

that begins after the date of the       
enactment of the ,,ssi ,savers ,act of  
#bjad before the period2 and  7#b7 in   
subparagraph 7,b7--  7,a7 by striking   
and the last place it appears2 and  7,b7
 by inserting 1 and to #e1ejj on        
,january #a of the first calendar year  
that begins after the date of the       
enactment of the ,,ssi ,savers ,act of  
#bjad before the period4  7b7 ,inflation
 adjustment ,section #afaa7;a77#c7 of   
such ,act 7#db ,u4,s4,c4 #achb7;a77#c77 
is amended by adding at the end the     
following3  7,c7 ,adjustment for        
inflation  7i7 ,in general ,whenever    
dollar amounts in effect under          
paragraphs 7#a77;,a7 and 7#b77;,a7 of   
this subsection are increased by a      
percentage under section #afag1 each of 
the dollar amounts in effect under this 
paragraph shall be increased by the same
 percentage1 and rounded to the closest 
multiple of #ajj4  7ii7 ,requirement    
,each adjustment under clause 7i7 shall 
be based on the unrounded amount for the

 prior #ab-month period4  4  #c4        
,limited exclusion from resources of    
certain deferred compensation and       
education savings arrangements ,section 
#afac of the ,social ,security ,act 7#db
 ,u4,s4,c4 #achb;b7 is amended--  7#a7  
in subsection 7a7--  7,a7 in paragraph  
7#af71 by striking and at the end2  7,b7
 in paragraph 7#ag71 by striking the    
period and inserting a semicolon2 and   
7,c7 by inserting after paragraph 7#ag7 
the following3  7#ah7 if the individual 
is not described in section             
#afaa7;e77#a77;,b7 of this ,act1 the    
value of any assets in a plan1 contract1
 or account1 annuity1 or trust described
 in section #dja7;a71 #djc7;a71         
#djc7;b71 #djh1 #djh;,a1 #dad7;d71      
#deg7;b71 or #eja7;c77#ah7 of the       
,internal ,revenue ,code of #aihf1 any  
retirement program or account included  
in any successor or similar provision   
that may be enacted and determined to be
 exempt from tax under the ,internal    
,revenue ,code of #aihf1 and any other  

retirement plan1 contract1 account1     
annuity1 or trust1 as determined in the 
sole discretion of the ,commissioner1   
except that if the individual has       
attained #fe years of age1 the total    
amount excluded under this paragraph    
shall not exceed--  7,a7 #ed1jjj 7or1 if
 greater1 the amount determined under   
subsection 7f7 of this section7 if the  
individual does not have an eligible    
spouse2 or  7,b7 #hj1gej 7or1 if        
greater1 the amount determined under    
such subsection 7f77 if the individual  
has an eligible spouse2 and  7#ai7 if   
the individual has not attained #fe     
years of age1 the value of--  7,a7 any  
funds in a qualified tuition program 7as
 defined in section #ebi of the         
,internal ,revenue ,code of #aihf7 or in
 a ,coverdell education savings account 
7as defined in section #ecj of such     
,code72  7,b7 any other education       
program1 contract1 or account1 as       
determined in the sole discretion of the
 ,commissioner2 and  7,c7 any individual

 development account established        
pursuant to the ,assets for             
,independence ,act or section #ccc;,b of
 the ,consolidated ,farm and ,rural     
,development ,act1 or under an          
individual development account program  
funded and administered by a ,federal or
 ,state agency or by an organization    
described in section #eja7;c77#c7 of the
 ,internal ,revenue ,code of #aihf and  
exempt from taxation under section      
#eja7;a7 of such ,code1 as determined in
 the sole discretion of the             
,commissioner4  2 and  7#b7 by adding at
 the end the following3  7f7 ,adjustment
 for inflation  7#a7 ,in general        
,whenever dollar amounts in effect under
 paragraphs 7#a77;,a7 and 7#b77;,a7 of  
section #afaa7;a7 are increased by a    
percentage under section #afag1 each of 
the dollar amounts in effect under      
subsection 7a77#ah7 of this section     
shall be increased by the same          
percentage1 and rounded to the closest  
multiple of #ajj4  7#b7 ,requirement    

,each adjustment under paragraph 7#a7   
shall be based on the unrounded amount  
for the prior #ab-month period4  4  #d4 
,income rules applicable to certain     
deferred compensation arrangements  7a7 
,imputation of income in certain cases  
,section #afab of the ,social ,security 
,act 7#db ,u4,s4,c4 #achb;a7 is amended 
by adding at the end the following3  7c7
 ,imputation of income from certain     
deferred compensation arrangements  7#a7
 ,if the aggregate value of the assets  
described in section #afac7;a77#ah7 of  
an eligible individual who has attained 
#fe years of age and is not described in
 section #afaa7;e77#a77;,b7 exceeds--   
7,a7 #aj1gej 7or1 if greater1 the amount
 determined under paragraph 7#b7 of this
 subsection7 if the individual does not 
have an eligible spouse2 or  7,b7       
#af1bej 7or1 if greater1 the amount     
determined under such paragraph 7#b77 if
 the individual has an eligible spouse1 
but does not exceed the dollar amount in
 effect with respect to the individual  

under section #afac7;a77#ah71 the assets
 shall be considered income in an amount
 equal to the annuity value of the      
assets 7as determined under regulations 
of the ,commissioner of ,social         
,security74  7#b7  7,a7 ,whenever dollar
 amounts in effect under paragraphs     
7#a77;,a7 and 7#b77;,a7 of section      
#afaa7;a7 are increased by a percentage 
under section #afag1 each of the dollar 
amounts in effect under paragraph 7#a7  
of this subsection shall be increased by
 the same percentage1 and rounded to the
 closest multiple of #ajj4  7,b7 ,each  
adjustment under paragraph 7#a7 shall be
 based on the unrounded amount for the  
prior #ab-month period4  4  7b7         
,exclusion of one-,third of             
distributions ,section #afab7;b7 of such
 ,act 7#db ,u4,s4,c4 #achb;a7b77 is     
amended--  7#a7 by striking and at the  
end of paragraph 7#be72  7#b7 by        
striking the period at the end of       
paragraph 7#bf7 and inserting 2 and2 and
  7#c7 by adding at the end the         

following3  7#bg7 one-third of the value
 of any assets described in section     
#afac7;a77#ah7 distributed to such      
individual 7or such spouse74  4  #e4    
,elimination of requirement that ,,ssi  
recipients apply for periodic payments  
from certain deferred compensation      
arrangements ,section #afaa7;e77#b7 of  
the ,social ,security ,act 7#db         
,u4,s4,c4 #achb7;e77#b77 is amended by  
inserting 7other than payments from a   
plan1 contract1 account1 annuity1 or    
trust referred to in section            
#afac7;a77#ah77 after section           
#afab7;a77#b77;,b74  #f4 ,effective date
 ,the amendments made by this ,act shall
 apply to benefits for calendar months  
beginning after the date of the         
enactment of this ,act4