A bill to amend titles II and XVI of the Social Security Act to liberalize the definition of disability and extend the trial work period under both the old-age, survivors, and disability insurance program and the supplemental security income program, and to further amend title XVI of such act to permit an individual to have certain additional income and assets and still qualify for supplemental security income benefits.

Amends Titles II (Old-Age, Survivors, and Disability Insurance) and XVI (Supplemental Security Income for the Aged, Blind, and Disabled) of the Social Security Act to provide that an individual may work without being considered as having engaged in substantial gainful activity if such individual's earnings are at a rate (calculated on a monthly basis) that does not exceed the exempt amounts established under such titles. Extends to 18 months the period in which an individual may work under a trial program without loosing benefits under such titles.

Amends Title XVI (Supplemental Security Income for the Aged, Blind, and Disabled) of the Social Security Act to: (1) increase to $5,000 the assets which an individual may own and still qualify for benefits under the supplemental security income program; (2) increase to $1,900 per year the earned income exclusion for blind and disabled recipients under such program; (3) exclude from income determinations under such program an amount equal to the expenses which an recipient incurs in earning income; and (4) exclude from income determinations under such program an amount equal to the first $240 per year of income or 20 percent of unearned income for the same period, whichever is greater.