Mr. President, I rise today to introduce valuable, bipartisan legislation that would codify the current policy of the Social Security Administration, SSA, to protect access to the Supplemental Security Income, SSI, program for those who prepay burial and funeral expenses. When individuals are fiscally responsible, and plan ahead for their end-of-life costs, it makes no sense to penalize them. Under the current policy, if funds or life insurance are set aside, irrevocably-- so the individual cannot take them back even if he or she wants to-- then those resources do not count against the individual when determining whether or not they are eligible for SSI. This is a good policy, and I applaud the SSA for maintaining it. Regrettably, this has not always been the case. When Congress passed anti-fraud legislation in 2000, the next year SSA misinterpreted provisions in the new law because it did not specifically carve out the exclusion for burial trusts. Therefore, SSA had the power to end the exclusion--and in fact, it did. SSA later realized its mistake and restored the exclusion. However, in the meantime, this hiccup created a wave of chaos for responsible seniors who were wrongly denied access to SSI. This bill will codify the exclusion, so this or future administrations will not even have the possibility of making that mistake again. In doing so, we will not only provide clarity to the administrative agencies, but will also give certainty to SSI enrollees and applicants.…
Share & report
More from Olympia Snowe
Mr. President, I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 3197 Be it enacted by the Senate and House of…
Mr. President, I couldn't be more pleased as well as privileged to join all of my colleagues today in congratulating a very good friend and colleague, the dean of the women of the Senate, Senator Barbara Mikulski, on overtaking…
Mr. President, I rise to introduce along with Senator Landrieu the Small Business Tax Extenders Act of 2012, that will provide targeted tax relief legislation to small businesses and extend the essential tax relief provisions that were…
Madam President, very briefly, first I want to thank the chair of the committee and my colleague from Maine, Senator Collins, for working and assisting me in modifying this amendment. I thought this amendment was important from the…





