summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
113th Congress
Bill Summary
ABLE Act of 2013
AI Summary
This bill, known as the Achieving a Better Life Experience Act of 2013 or the ABLE Act of 2013, aims to help individuals with disabilities and their families save money for disability-related expenses without jeopardizing their eligibility for other government benefits. It achieves this by creating tax-advantaged savings accounts, called ABLE accounts, which function similarly to existing 529 college savings plans. These accounts allow contributions to cover "qualified disability expenses," which are broadly defined to include education, housing, transportation, employment support, health and wellness, and miscellaneous costs. Importantly, funds in an ABLE account and distributions for qualified disability expenses will generally be disregarded when determining eligibility for federal programs like Supplemental Security Income (SSI) and Medicaid, although there are specific limitations for SSI regarding housing expenses and a cap on the amount disregarded. The bill also outlines rules for rollovers between ABLE accounts and other eligible accounts, and specifies that remaining funds in an ABLE account upon the beneficiary's death may be used to repay state Medicaid programs.
Committee Categories
Budget and Finance
Sponsors (79)
Bob Casey (D)*,
Lamar Alexander (R),
Kelly Ayotte (R),
Tammy Baldwin (D),
Mark Begich (D),
Michael Bennet (D),
Richard Blumenthal (D),
Roy Blunt (R),
Cory Booker (D),
John Boozman (R),
Barbara Boxer (D),
Sherrod Brown (D),
Richard Burr (R),
Maria Cantwell (D),
Ben Cardin (D),
Thad Cochran (R),
Susan Collins (R),
Chris Coons (D),
Joe Donnelly (D),
Dick Durbin (D),
Michael Enzi (R),
Dianne Feinstein (D),
Deb Fischer (R),
Al Franken (D),
Kirsten Gillibrand (D),
Chuck Grassley (R),
Kay Hagan (D),
Tom Harkin (D),
Orrin Hatch (R),
Martin Heinrich (D),
Heidi Heitkamp (D),
Dean Heller (R),
Mazie Hirono (D),
John Hoeven (R),
James Inhofe (R),
Johnny Isakson (R),
Mike Johanns (R),
Tim Johnson (D),
Tim Kaine (D),
Angus King (I),
Mark Kirk (R),
Amy Klobuchar (D),
Mary Landrieu (D),
Frank Lautenberg (D),
Patrick Leahy (D),
Mike Lee (R),
Ed Markey (D),
Mitch McConnell (R),
Bob Menendez (D),
Jeff Merkley (D),
Barbara Mikulski (D),
Jerry Moran (R),
Lisa Murkowski (R),
Chris Murphy (D),
Bill Nelson (D),
Rob Portman (R),
Mark Pryor (D),
Jack Reed (D),
Harry Reid (D),
Pat Roberts (R),
John Rockefeller (D),
Marco Rubio (R),
Bernie Sanders (I),
Brian Schatz (D),
Chuck Schumer (D),
Tim Scott (R),
Jeanne Shaheen (D),
Debbie Stabenow (D),
Jon Tester (D),
John Thune (R),
Pat Toomey (R),
Mark Udall (D),
Tom Udall (D),
David Vitter (R),
John Walsh (D),
Mark Warner (D),
Elizabeth Warren (D),
Sheldon Whitehouse (D),
Roger Wicker (R),
Last Action
Read twice and referred to the Committee on Finance. (on 02/13/2013)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | http://gpo.gov/fdsys/pkg/BILLS-113s313is/pdf/BILLS-113s313is.pdf |
| Bill | https://www.congress.gov/bill/113th-congress/senate-bill/313/all-info |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-113s313is/pdf/BILLS-113s313is.pdf.pdf |
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