HR 1897 · 115th Congress · Taxation

ABLE Financial Planning Act

Introduced 2017-04-04· Sponsored by Rep. McMorris Rodgers, Cathy [R-WA-5]· 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.(2017-04-04)

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. (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 (20)

8 Democrats12 Republicans
Rep. Sessions, Pete [R-TX-32]TX
Rep. Cárdenas, Tony [D-CA-29]CA
Rep. Smith, Christopher H. [R-NJ-4]NJ
Rep. Langevin, James R. [D-RI-2]RI
Rep. Joyce, David P. [R-OH-14]OH
Rep. Moulton, Seth [D-MA-6]MA
Rep. Turner, Michael R. [R-OH-10]OH
Rep. O'Halleran, Tom [D-AZ-1]AZ
Rep. Gonzalez, Vicente [D-TX-15]TX
Rep. Walden, Greg [R-OR-2]OR
Rep. Meehan, Patrick [R-PA-7]PA
Rep. Yoder, Kevin [R-KS-3]KS
Rep. Swalwell, Eric [D-CA-15]CA
Rep. Pocan, Mark [D-WI-2]WI
Rep. Babin, Brian [R-TX-36]TX
Rep. Chabot, Steve [R-OH-1]OH
Rep. Johnson, Bill [R-OH-6]OH
Rep. Kaptur, Marcy [D-OH-9]OH
Rep. Stivers, Steve [R-OH-15]OH
Rep. Messer, Luke [R-IN-6]IN