HOUSE 1814116th CongressReferred to the House Committee on Ways and Means.

ABLE Age Adjustment Act

Last Action: 3/18/2019

Actions

2019-03-18Referred to the House Committee on Ways and Means.
2019-03-18Introduced in House
2019-03-18Introduced in House

CRS Summary

As of 2019-03-18 (00)

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.)

Cosponsors (20)

Cathy Rodgers (R-WA)
Steve Cohen (D-TN)
Brian Fitzpatrick (R-PA)
Michael Turner (R-OH)
Max Rose (D-NY)
Debbie Wasserman Schultz (D-FL)
John Katko (R-NY)
Seth Moulton (D-MA)
Suzanne Bonamici (D-OR)
Madeleine Dean (D-PA)
Mark Pocan (D-WI)
Guy Reschenthaler (R-PA)
Ayanna Pressley (D-MA)
Mary Scanlon (D-PA)
ELEANOR NORTON (D-DC)
Aumua Amata Radewagen (R-AS)
Sean Maloney (D-NY)
JAMES LANGEVIN (D-RI)
Tom Cole (R-OK)
Kathleen Rice (D-NY)

Subjects

Bank accounts, deposits, capital
Disability and paralysis
Income tax exclusion

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