Supplemental Security Income Restoration Act of 2024

This bill updates the Supplemental Security Income (SSI) program to better support low-income elderly, blind, and disabled individuals. It raises key financial thresholds: the resource limit for single individuals increases from $2,250 to $20,000 (adjusted annually for inflation), and the general income exclusion rises from $240 to $1,797 per month. The bill also removes a penalty that reduced benefits for married couples, excludes retirement accounts and tribal general welfare payments from resource calculations, and eliminates outdated requirements like dedicated accounts for past-due benefits. These changes directly affect SSI recipients by making it easier to qualify and maintain benefits without losing support due to minor income or resource fluctuations.