summary
Introduced
04/04/2017
04/04/2017
In Committee
04/04/2017
04/04/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
ABLE Financial Planning Act This bill amends the Internal Revenue Code to allow tax-free rollovers of amounts in qualified tuition programs (529 plans) to qualified ABLE programs. (Tax-favored ABLE [Achieving a Better Life Experience] accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses.)
AI Summary
This bill, the ABLE Financial Planning Act, amends the Internal Revenue Code to allow tax-free rollovers of amounts from qualified tuition programs (529 plans) to qualified ABLE (Achieving a Better Life Experience) programs. ABLE accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses. The bill specifies that the rollover amount is subject to the annual contribution limit for ABLE accounts.
Committee Categories
Budget and Finance
Sponsors (40)
Cathy McMorris Rodgers (R)*,
Brian Babin (R),
Joyce Beatty (D),
Tony Cárdenas (D),
Steve Chabot (R),
Chris Collins (R),
Ryan Costello (R),
Brian Fitzpatrick (R),
Jeff Fortenberry (R),
Vicente Gonzalez (D),
Gregg Harper (R),
Jim Himes (D),
Jared Huffman (D),
Bill Johnson (R),
Dave Joyce (R),
Marcy Kaptur (D),
John Katko (R),
James Langevin (D),
John Larson (D),
Sean Maloney (D),
Patrick Meehan (R),
Luke Messer (R),
Seth Moulton (D),
Stephanie Murphy (D),
Tom O'Halleran (D),
Scott Peters (D),
Mark Pocan (D),
Bruce Poliquin (R),
James Renacci (R),
John Rutherford (R),
Pete Sessions (R),
Terri Sewell (D),
Chris Smith (R),
Steve Stivers (R),
Eric Swalwell (D),
Mike Turner (R),
David Valadao (R),
Greg Walden (R),
Maxine Waters (D),
Kevin Yoder (R),
Last Action
Referred to the House Committee on Ways and Means. (on 04/04/2017)
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/115th-congress/house-bill/1897/all-info |
| BillText | https://www.congress.gov/115/bills/hr1897/BILLS-115hr1897ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr1897/BILLS-115hr1897ih.pdf.pdf |
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