ENABLE Act

Hozzl · 2024-10-16T08:05:19Z

Explore the details of House Bill 9614 ENABLE Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

10/16/2024, 8:05 AM

Summary of Bill HR 9614

The ENABLE Act, also known as Bill 118 hr 9614, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to promote the development of new energy technologies and increase energy efficiency in the United States.

The ENABLE Act aims to achieve these goals by providing funding and support for research and development in the energy sector. This includes funding for projects that focus on renewable energy sources, such as solar and wind power, as well as projects that aim to improve energy efficiency in buildings and transportation.

Additionally, the ENABLE Act includes provisions to encourage the deployment of new energy technologies, such as tax incentives for businesses that invest in clean energy projects. The bill also seeks to promote collaboration between government agencies, research institutions, and private sector companies to accelerate the development and adoption of new energy technologies. Overall, the ENABLE Act is designed to support the growth of the clean energy sector in the United States and reduce the country's reliance on fossil fuels. By investing in research and development and providing incentives for businesses to adopt clean energy technologies, the bill aims to create a more sustainable and environmentally friendly energy system for the future.

Congressional Summary of HR 9614

Ensuring Nationwide Access to a Better Life Experience Act or the ENABLE Act

This bill makes permanent three tax provisions relating to ABLE (Achieving a Better Life Experience) accounts established to assist disabled individuals, specifically provisions allowing increased contributions to such accounts, the allowance of a retirement savings contribution tax credit of up to $1,000 ($2,000 per married couple filing jointly) for contributions to an ABLE account, and allowing a tax-free rollover from a qualified tuition program (529 plan) to an ABLE account.

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Current Status of Bill HR 9614

Bill HR 9614 is currently in the status of Bill Introduced since September 17, 2024. Bill HR 9614 was introduced during Congress 118 and was introduced to the House on September 17, 2024. Bill HR 9614's most recent activity was Referred to the House Committee on Ways and Means. as of September 17, 2024

Bipartisan Support of Bill HR 9614

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Policy Area and Potential Impact of Bill HR 9614

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Alternate Title(s) of Bill HR 9614

ENABLE ActENABLE ActEnsuring Nationwide Access to a Better Life Experience ActTo amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.

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