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United States · Bill · S

S. 331 (117th)

ABLE Age Adjustment Act

referredUnited States· United States Congress· EN

Introduced

22 February 2021

Last action

22 February 2021 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Casey, Robert P., Jr. [D-PA], Sen. Moran, Jerry [R-KS], Sen. Wyden, Ron [D-OR], Sen. Van Hollen, Chris [D-MD], Sen. Boozman, John [R-AR], Sen. Blumenthal, Richard [D-CT], Sen. Murkowski, Lisa [R-AK], Sen. Marshall, Roger [R-KS], Sen. Leahy, Patrick J. [D-VT], Sen. Klobuchar, Amy [D-MN], Sen. Toomey, Patrick [R-PA], Sen. Reed, Jack [D-RI], Sen. Cardin, Benjamin L. [D-MD], Sen. Durbin, Richard J. [D-IL], Sen. Whitehouse, Sheldon [D-RI], Sen. Kaine, Tim [D-VA], Sen. Duckworth, Tammy [D-IL], Sen. Brown, Sherrod [D-OH], Sen. Burr, Richard [R-NC], Sen. Feinstein, Dianne [D-CA], Sen. Coons, Christopher A. [D-DE], Sen. Padilla, Alex [D-CA], Sen. Carper, Thomas R. [D-DE]

Subjects

Taxation

Source updated

7 April 2025

Taxation

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.)

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 22 February 2021

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 22 February 2021

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 22 February 2021

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 22 February 2021

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 22 February 2021

    Open at official source

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Sponsors

Related records

Sources

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