Bill > S651

Introduced Session

A bill to amend the Internal Revenue Code of 1986 to increase the age requirement with respect to eligibility for qualified ABLE programs. This bill increases from 26 to 46 the age threshold for tax-favored ABLE (Achieving a Better Life Experience) accounts. (ABLE accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses. To establish an account, an individual must have a qualifying impairment that began before the individual attained the age threshold.)

AI Summary

Committee Categories

Bob Casey (D)*,  Tammy Baldwin (D),  Richard Blumenthal (D),  John Boozman (R),  Sherrod Brown (D),  Tom Carper (D),  Tammy Duckworth (D),  Dianne Feinstein (D),  Maggie Hassan (D),  Doug Jones (D),  Amy Klobuchar (D),  Patrick Leahy (D),  Kelly Loeffler (R),  Martha McSally (R),  Jeff Merkley (D),  Jerry Moran (R),  Lisa Murkowski (R),  Jack Reed (D),  Pat Roberts (R),  Jacky Rosen (D),  Pat Toomey (R),  Chris Van Hollen (D),  Sheldon Whitehouse (D),  Ron Wyden (D), 

Read twice and referred to the Committee on Finance. (on 03/05/2019)

Official Document