ABLE Age Adjustment Act
Latest action · Feb 22, 2021 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 22, 2021
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.)
Cosponsors 22
Members who signed on, in the order they did. Signatures ran from Feb 22, 2021 to Nov 28, 2022, with 6 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MD | Chris Van Hollen | Original | Feb 22, 2021 |
| R-KS | Jerry Moran | Original | Feb 22, 2021 |
| R-AR | John Boozman | Original | Feb 22, 2021 |
| R-AK | Lisa Murkowski | Original | Feb 22, 2021 |
| D-CT | Richard Blumenthal | Original | Feb 22, 2021 |
| D-OR | Ron Wyden | Original | Feb 22, 2021 |
| D-MN | Amy Klobuchar | Apr 15, 2021 | |
| D-VT | Patrick J. Leahy | Apr 15, 2021 | |
| R-KS | Roger Marshall | Apr 15, 2021 | |
| D-MD | Benjamin L. Cardin | Jun 8, 2021 | |
| D-RI | Jack Reed | Jun 8, 2021 | |
| R-PA | Patrick J. Toomey | Jun 8, 2021 | |
| D-IL | Richard J. Durbin | Feb 17, 2022 | |
| D-RI | Sheldon Whitehouse | Mar 21, 2022 | |
| D-VA | Tim Kaine | Mar 28, 2022 |
Actions 2
Everything that happened, newest first.
- Feb 22, 2021Introduced in Senate
- Feb 22, 2021Read twice and referred to the Committee on Finance.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1219 | ABLE Age Adjustment Act | Related bill | Feb 23, 2021 |
| S 4808 | EARN Act | Related bill | Sep 8, 2022 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Feb 22, 2021Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.