S 4539 · 118th Congress · Taxation

ENABLE Act

Introduced 2024-06-13· Sponsored by Sen. Schmitt, Eric [R-MO]· 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.(2024-06-13)

Plain Language Summary

[AI summary unavailable — showing source text] Ensuring Nationwide Access to a Better Life Experience Act or the ENABLE Act This bill makes permanent three tax provisions relating to ABLE (Achieving a Better Life Experience) Accounts established to assist disabled individuals, specifically provisions allowing increased contributions to such accounts, the allowance of a retirement savings contribution tax credit up to $1,000, and allowing a tax-free rollover from a qualified tuition (529 plan) to an ABLE account. …

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

Cosponsors (20)

11 Democrats9 Republicans
Sen. Casey, Robert P., Jr. [D-PA]PA
Sen. Boozman, John [R-AR]AR
Sen. Van Hollen, Chris [D-MD]MD
Sen. Cotton, Tom [R-AR]AR
Sen. Welch, Peter [D-VT]VT
Sen. Tuberville, Tommy [R-AL]AL
Sen. Kaine, Tim [D-VA]VA
Sen. Britt, Katie Boyd [R-AL]AL
Sen. Klobuchar, Amy [D-MN]MN
Sen. Mullin, Markwayne [R-OK]OK
Sen. Wyden, Ron [D-OR]OR
Sen. Lee, Mike [R-UT]UT
Sen. Coons, Christopher A. [D-DE]DE
Sen. Ossoff, Jon [D-GA]GA
Sen. Padilla, Alex [D-CA]CA
Sen. Cardin, Benjamin L. [D-MD]MD
Sen. Cornyn, John [R-TX]TX
Sen. Moran, Jerry [R-KS]KS
Sen. Carper, Thomas R. [D-DE]DE
Sen. Tillis, Thomas [R-NC]NC