Proposal:ABLE Age Adjustment Act

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	S 651
Type of Legislation	Senate Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

ABLE Age Adjustment Act

This bill increases from 26 to 46 the age threshold for tax-favored ABLE (Achieving a Better Life Experience) accounts. (ABLE accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses. To establish an account, an individual must have a qualifying impairment that began before the individual attained the age threshold.)

Bill Title

ABLE Age Adjustment Act

Linked Goals

• Goal:Promote General Welfare

Steps

• 2019-03-05: Read twice and referred to the Committee on Finance.
• 2019-03-05: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.