Bill > HR5102

This bill, the ABLE MATCH (Making Able a Tool to Combat Hardship) Act, proposes to amend the Internal Revenue Code to provide matching payments for contributions to Achieving a Better Life Experience (ABLE) accounts by certain individuals. The bill aims to encourage and assist individuals with disabilities who have fewer resources to save using ABLE accounts, increase the uptake and continued utilization of ABLE accounts, and provide a federal match for new and existing ABLE accounts held by individuals with an annual income less than 200 percent of the federal poverty limit. The bill also requires the reporting of demographic information (including race, gender, and disability type) related to ABLE account designated beneficiaries and authorizes grants to states to promote ABLE accounts and the matching contribution credit.

Budget and Finance

https://www.congress.gov/bill/118th-congress/house-bill/5102/all-info