S 4911 · 118th Congress · Taxation

ABLE Employment Flexibility Act

Introduced 2024-07-31· Sponsored by Sen. Casey, Robert P., Jr. [D-PA]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2024-07-31)

Plain Language Summary

[AI summary unavailable — showing source text] 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