HR 4672 · 117th Congress · Taxation

ABLE Employment Flexibility Act

Introduced 2021-07-22· Sponsored by Rep. Suozzi, Thomas R. [D-NY-3]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-07-22)

Plain Language Summary

[AI summary unavailable — showing source text] ABLE Employment Flexibility Act This bill permits employers to make tax-exempts contributions to ABLE (Achieving Better Life Experience) accounts in lieu of making contributions to existing tax-exempt defined contribution retirement plans. An ABLE account is established to pay the expenses (e.g., food, education, housing, transportation, employment training and support, and health care expenses) of a designated beneficiary who is disabled.…

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

Cosponsors (6)

2 Democrats4 Republicans