From a press release:
In the latest sign of strong momentum for U.S. Senator Sherrod
Brown’s (D-OH) bipartisan legislation to fix the Social Security Income
program, the executives of the eight leading banks in the United States
endorsed the SSI Savings Penalty Elimination Act. The legislation ... is the first bipartisan, bicameral bill to increase
SSI’s asset limits and ensure disabled and elderly Americans can work
and save for emergencies without putting at risk the benefits they rely
on to live.
During the U.S. Senate Banking, Housing, and Urban Affairs
Committee’s annual hearing with the big bank executives, Brown described
how SSI’s outdated eligibility rules lock beneficiaries in poverty and
that his bill – co-sponsored by BHUA Committee member Sen. Rounds and
already supported by JP Morgan Chase – would raise the asset limit. When
asked if the executives would join in supporting the bill, each of them
confirmed they supported the measure. ...
Introduced in September 2023, the bill is also endorsed by the U.S.
Chamber of Commerce, Microsoft, Transunion, the Kroger Company, the Food
Association, Nationwide Mutual Insurance Company, AARP, Bipartisan
Policy Center, The Arc, National Association of Evangelicals, Faith and
Freedom Coalition, Jewish Federations of North America, Union of
Orthodox Jewish Congregations of America, the U.S. Conference of
Catholic Bishops, NETWORK Lobby for Catholic Social Justice, American
Academy of Pediatrics, Autism Society of America, CEO Commission for
Disability Employment, Cure SMA, Coalition on Human Needs, Justice in
Aging, Muscular Dystrophy Association, National Down Syndrome Society,
Paralyzed Veterans of America, Prosperity Now, Social Security Works,
and nearly 300 other local and national organizations. ...