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ENABLE Act

In committee: it can still change before the session ends.

US S 627 · Senate Bill · 119th Congress

Stage
In committee
Started in
Senate
Sponsors
17
Latest action
Feb 19, 2025

What it does

The ENABLE Act would make permanent certain temporary provisions related to ABLE accounts, including allowing increased annual contributions beyond the current expiration date of January 1, 2026, and permitting rollovers from 529 college savings plans to ABLE accounts without expiration. It would also expand the saver’s credit to include contributions made to ABLE accounts, treating them as qualified retirement savings contributions to ABLE accounts as eligible for the credit, while repealing a conflicting provision from the SECURE 2.0 Act of 2022. These changes would affect individuals with disabilities who are eligible beneficiaries of ABLE accounts by providing greater long-term…

No official summary is available here. This one was written by AI from the bill’s text.

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Where it stands

  1. Introduced (Done)

    Feb 19, 2025

  2. Committee (Current step)

    In committee · Feb 19, 2025

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

ENABLE Act | 52