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Proposal:ABLE Employment Flexibility Act

This proposal is archived and closed to further debate. It was introduced in the 117th Congress, which has concluded, and the bill was not enacted into law.
Bill HR 4672
Type of Legislation House Bill
Congress 117
Status Archived — 117th Congress concluded
Source View original on Congress.gov
Geographic Scope
National

Description

ABLE Employment Flexibility Act

This bill permits employers to make tax-exempts contributions to ABLE (Achieving Better Life Experience) accounts in lieu of making contributions to existing tax-exempt defined contribution retirement plans. An ABLE account is established to pay the expenses (e.g., food, education, housing, transportation, employment training and support, and health care expenses) of a designated beneficiary who is disabled.

Bill Title

ABLE Employment Flexibility Act

Linked Goals

Steps

  • 2021-07-22: Referred to the House Committee on Ways and Means.
  • 2021-07-22: Introduced in House
  • 2021-07-22: Introduced in House

Projected Outcome

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

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