S 331 · 117th Congress · Taxation

ABLE Age Adjustment Act

Introduced 2021-02-22· Sponsored by Sen. Casey, Robert P., Jr. [D-PA]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2021-02-22)

Plain Language Summary

[AI summary unavailable — showing source text] 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.)…

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

Cosponsors (20)

14 Democrats6 Republicans
Sen. Moran, Jerry [R-KS]KS
Sen. Wyden, Ron [D-OR]OR
Sen. Van Hollen, Chris [D-MD]MD
Sen. Boozman, John [R-AR]AR
Sen. Blumenthal, Richard [D-CT]CT
Sen. Murkowski, Lisa [R-AK]AK
Sen. Marshall, Roger [R-KS]KS
Sen. Leahy, Patrick J. [D-VT]VT
Sen. Klobuchar, Amy [D-MN]MN
Sen. Toomey, Patrick [R-PA]PA
Sen. Reed, Jack [D-RI]RI
Sen. Cardin, Benjamin L. [D-MD]MD
Sen. Durbin, Richard J. [D-IL]IL
Sen. Whitehouse, Sheldon [D-RI]RI
Sen. Kaine, Tim [D-VA]VA
Sen. Duckworth, Tammy [D-IL]IL
Sen. Brown, Sherrod [D-OH]OH
Sen. Burr, Richard [R-NC]NC
Sen. Feinstein, Dianne [D-CA]CA
Sen. Coons, Christopher A. [D-DE]DE