Bill
Bill > S4539
summary
Introduced
06/13/2024
06/13/2024
In Committee
06/13/2024
06/13/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.
AI Summary
This bill, called the ENABLE Act or the Ensuring Nationwide Access to a Better Life Experience Act, amends the Internal Revenue Code to make certain provisions related to Achieving a Better Life Experience (ABLE) accounts permanent. Specifically, it removes the expiration date for: 1) the increased contribution limits to ABLE accounts, and 2) the ability to roll over funds from 529 college savings plans to ABLE accounts. These changes are intended to provide more financial flexibility and security for individuals with disabilities and their families.
Committee Categories
Budget and Finance
Sponsors (23)
Eric Schmitt (R)*,
John Boozman (R),
Katie Boyd Britt (R),
Ben Cardin (D),
Tom Carper (D),
Bob Casey (D),
Chris Coons (D),
John Cornyn (R),
Tom Cotton (R),
John Fetterman (D),
Tim Kaine (D),
Amy Klobuchar (D),
Mike Lee (R),
Jerry Moran (R),
Markwayne Mullin (R),
Jon Ossoff (D),
Alex Padilla (D),
Thom Tillis (R),
Tommy Tuberville (R),
Chris Van Hollen (D),
Raphael Warnock (D),
Peter Welch (D),
Ron Wyden (D),
Last Action
Read twice and referred to the Committee on Finance. (on 06/13/2024)
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/118th-congress/senate-bill/4539/all-info |
| BillText | https://www.congress.gov/118/bills/s4539/BILLS-118s4539is.pdf |
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