S 331 United States Senate · 117th Congress

ABLE Age Adjustment Act

Summary

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.)

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2021

Committee Review

Floor Vote

President

Introduced Feb 22, 2021 Last action Feb 22, 2021

Floor votes

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No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 22, 2021

Committee

Read twice and referred to the Committee on Finance.

upper

Feb 22, 2021

Introduced

Introduced in Senate

upper

1 primary · 22 co-sponsors