US SB651 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 17-7)
Status: Introduced on March 5 2019 - 25% progression, died in committee
Action: 2019-03-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 5 2019 - 25% progression, died in committee
Action: 2019-03-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Increases from 26 to 46 the age threshold for tax-favored ABLE (Achieving a Better Life Experience) accounts. (ABLE accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses. To establish an account, an individual must have a qualifying impairment that began before the individual attained the age threshold.)
Title
ABLE Age Adjustment Act
Sponsors
| Sen. Robert Casey [D-PA] | Sen. Jerry Moran [R-KS] | Sen. Chris Van Hollen [D-MD] | Sen. Pat Roberts [R-KS] |
| Sen. Pat Toomey [R-PA] | Sen. Tammy Duckworth [D-IL] | Sen. Ron Wyden [D-OR] | Sen. Lisa Murkowski [R-AK] |
| Sen. Sherrod Brown [D-OH] | Sen. Richard Blumenthal [D-CT] | Sen. Sheldon Whitehouse [D-RI] | Sen. Margaret Hassan [D-NH] |
| Sen. Amy Klobuchar [D-MN] | Sen. Tammy Baldwin [D-WI] | Sen. Patrick Leahy [D-VT] | Sen. Jack Reed [D-RI] |
| Sen. Doug Jones [D-AL] | Sen. Jacky Rosen [D-NV] | Sen. Martha McSally [R-AZ] | Sen. Jeff Merkley [D-OR] |
| Sen. John Boozman [R-AR] | Sen. Kelly Loeffler [R-GA] | Sen. Thomas Carper [D-DE] | Sen. Dianne Feinstein [D-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-03-05 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB1814 (Same As) 2019-03-18 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/651/all-info |
| Text | https://www.congress.gov/116/bills/s651/BILLS-116s651is.pdf |
