ABLE Employment Flexibility Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2459 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2459 To amend the Internal Revenue Code to allow employers to contribute to ABLE accounts in lieu of retirement plan contributions. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 24, 2025 Ms. Klobuchar (for herself, Mr. Schmitt, Mr. Van Hollen, and Mr. Moran) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ 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…