HR 4794 · 114th Congress · Taxation

ABLE Financial Planning Act

Introduced 2016-03-17· Sponsored by Rep. Crenshaw, Ander [R-FL-4]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2016-03-17)

Plain Language Summary

[AI summary unavailable — showing source text] ABLE Financial Planning Act This bill amends the Internal Revenue Code to allow tax-free rollovers of amounts in qualified tuition programs (529 plans) to qualified ABLE programs and from qualified ABLE programs to qualified tuition programs. (Tax-favored ABLE [Achieving a Better Life Experience] accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses.)…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (17)

6 Democrats11 Republicans
Rep. Van Hollen, Chris [D-MD-8]MD
Rep. McMorris Rodgers, Cathy [R-WA-5]WA
Rep. Sessions, Pete [R-TX-32]TX
Rep. Joyce, David P. [R-OH-14]OH
Rep. Turner, Michael R. [R-OH-10]OH
Rep. Davis, Rodney [R-IL-13]IL
Rep. Costello, Ryan A. [R-PA-6]PA
Rep. Smith, Christopher H. [R-NJ-4]NJ
Rep. Garrett, Scott [R-NJ-5]NJ
Rep. Brownley, Julia [D-CA-26]CA
Rep. Moulton, Seth [D-MA-6]MA
Rep. Meehan, Patrick [R-PA-7]PA
Rep. Larson, John B. [D-CT-1]CT
Rep. Tiberi, Patrick J. [R-OH-12]OH
Rep. Renacci, James B. [R-OH-16]OH
Rep. Pascrell, Bill, Jr. [D-NJ-9]NJ
Rep. Kuster, Ann M. [D-NH-2]NH