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NATIONAL ABLE RESOURCE CENTER: Members of Congress Re-Introduce ABLE Improvement Bills

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By: SD Network
Posted in: ABLE Accounts

Earlier this month, a bi-partisan group of Members of Congress introduced a group of individual bills that would better the benefits provided through the ABLE Act.  The group of bills consists of the following three pieces of proposed legislation:

  • The ABLE Age Adjustment Act (S. 817/HR 1874) would raise the age limit for ABLE accounts to age 46.
  • The  ABLE Financial Planning Act (S. 816/HR 1897) would allow families to rollover savings in a 529 college savings plan into an ABLE account.
  • The ABLE to Work Act (S. 818/HR 1896) would allow individuals and their families to save more money in an ABLE account if the beneficiary works and earns income.

Learn more about these proposed bills

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