A bill to amend the United States Housing Act of 1937, and the National Housing Act, to provide that future social security benefit increases shall be disregarded in determining eligibility for admission to or occupancy of low-rent public housing or the rent which an individual or family must pay for such housing, and that such increases shall also be disregarded in determining eligibility for (and the amount of) other Federal housing subsidies.

Amends the Housing Act of 1937 to prevent social security benefit increases from being considered as income or otherwise taken into account: (1) for purposes of determining the eligibility of any individual or family for admission to or occupancy of low-rent housing; or (2) for purposes of determining the amount of rental which an individual or family is required to pay.

Amends the National Housing Act to provide that social security benefit increases shall not be taken into account for purposes of determining the following: (1) the eligibility of any individual or family for mortgage insurance or local housing assistance payments; (2) the eligibility of any individual or family for admission to or occupancy of rental housing projects; (3) whether an individual or family is a qualified-tenant for purposes of rent supplement payments; or (4) the eligibility of any individual or family for housing assistance under any other Federal program.