ABLE Employment Flexibility Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 10302 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 10302 To amend the Internal Revenue Code to allow employers to contribute to ABLE accounts in lieu of retirement plan contributions. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 5, 2024 Ms. Davids of Kansas (for herself and Mr. Fitzpatrick) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code to allow employers to contribute to ABLE accounts in lieu of retirement plan contributions. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``ABLE Employment Flexibility Act''. SEC. 2. PROTECTING WORKING ABLE INDIVIDUALS FROM LOSING BENEFITS BECAUSE OF RETIREMENT PLAN RULES. (a) In General.--Section 414 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: ``(dd) …