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ENABLE Act
3/13/2025, 9:23 AM
Summary of Bill HR 1436
Bill 119 HR 1436, also known as the ABLE Age Adjustment Act, aims to amend the Internal Revenue Code of 1986 to make certain provisions regarding qualified ABLE programs permanent. ABLE programs, or Achieving a Better Life Experience programs, are tax-advantaged savings accounts for individuals with disabilities and their families.
The bill specifically focuses on making the age adjustment provision permanent. This provision allows individuals with disabilities to continue contributing to their ABLE accounts beyond the age of 26, which was the previous age limit. By making this provision permanent, individuals with disabilities will have more flexibility and financial security in managing their savings for long-term expenses related to their disability.
Overall, the ABLE Age Adjustment Act seeks to provide individuals with disabilities the opportunity to save and plan for their future without the fear of losing access to their ABLE accounts due to age restrictions. This bill aims to support the financial independence and well-being of individuals with disabilities and their families.
The bill specifically focuses on making the age adjustment provision permanent. This provision allows individuals with disabilities to continue contributing to their ABLE accounts beyond the age of 26, which was the previous age limit. By making this provision permanent, individuals with disabilities will have more flexibility and financial security in managing their savings for long-term expenses related to their disability.
Overall, the ABLE Age Adjustment Act seeks to provide individuals with disabilities the opportunity to save and plan for their future without the fear of losing access to their ABLE accounts due to age restrictions. This bill aims to support the financial independence and well-being of individuals with disabilities and their families.
Read the Full Bill
Current Status of Bill HR 1436
Bill HR 1436 is currently in the status of Bill Introduced since February 18, 2025. Bill HR 1436 was introduced during Congress 119 and was introduced to the House on February 18, 2025. Bill HR 1436's most recent activity was Referred to the House Committee on Ways and Means. as of February 18, 2025
Bipartisan Support of Bill HR 1436
Total Number of Sponsors
4Democrat Sponsors
0Republican Sponsors
4Unaffiliated Sponsors
0Total Number of Cosponsors
30Democrat Cosponsors
13Republican Cosponsors
17Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1436
Primary Policy Focus
Alternate Title(s) of Bill HR 1436
To amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.
To amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.
Comments
Sponsors and Cosponsors of HR 1436
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