summary
Introduced
02/22/2021
02/22/2021
In Committee
02/22/2021
02/22/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to increase the age requirement with respect to eligibility for quali- fied ABLE programs.
AI Summary
This bill, the ABLE Age Adjustment Act, aims to amend the Internal Revenue Code of 1986 to increase the age requirement for eligibility in qualified ABLE (Achieving a Better Life Experience) programs from 26 to 46 years old. The amendments made by this bill will apply to taxable years beginning after the date of its enactment, allowing more individuals with disabilities to access these tax-advantaged savings accounts to cover qualified expenses related to their disability.
Committee Categories
Budget and Finance
Sponsors (23)
Bob Casey (D)*,
Richard Blumenthal (D),
John Boozman (R),
Sherrod Brown (D),
Richard Burr (R),
Ben Cardin (D),
Tom Carper (D),
Chris Coons (D),
Tammy Duckworth (D),
Dick Durbin (D),
Dianne Feinstein (D),
Tim Kaine (D),
Amy Klobuchar (D),
Patrick Leahy (D),
Roger Marshall (R),
Jerry Moran (R),
Lisa Murkowski (R),
Alex Padilla (D),
Jack Reed (D),
Pat Toomey (R),
Chris Van Hollen (D),
Sheldon Whitehouse (D),
Ron Wyden (D),
Last Action
Read twice and referred to the Committee on Finance. (on 02/22/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/331/all-info |
| BillText | https://www.congress.gov/117/bills/s331/BILLS-117s331is.pdf |
| Bill | https://www.congress.gov/117/bills/s331/BILLS-117s331is.pdf.pdf |
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