S 4911 · 118th Congress · Taxation
ABLE Employment Flexibility Act
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2024-07-31)
Plain Language Summary
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ABLE Employment Flexibility Act This bill permits employers to make tax-exempt contributions to ABLE (Achieving Better Life Experience) accounts in lieu of making contributions to existing tax-exempt defined contribution retirement plans. An ABLE account pays 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 (7)
6 Democrats1 Independent