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S 2703 114th Congress Senate

ABLE Financial Planning Act

Official title: A bill to amend the Internal Revenue Code of 1986 to allow rollovers between 529 programs and ABLE accounts.

Introduced: March 17, 2016 See on congress.gov
Taxation Bank accounts, deposits, capitalDisability and paralysisHigher educationIncome tax exclusionStudent aid and college costs
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2016
Read twice and referred to the Committee on Finance.
Mar 17, 2016
Introduced in Senate
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 Latest action March 17, 2016

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

ABLE Financial Planning Act

This bill amends the Internal Revenue Code to allow tax-free rollovers of amounts in qualified tuition programs (529 plans) to qualified ABLE programs and from qualified ABLE programs to qualified tuition programs. (Tax-favored ABLE [Achieving a Better Life Experience] accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses.)

 Related & companion bills 2
  • HR 5193 Related bill 529 and ABLE Account Improvement Act of 2016
  • HR 4794 Identical bill ABLE Financial Planning Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 4
D
Gillibrand, Kirsten E.
New York · Dec 9, 2016
 D
Blumenthal, Richard
Connecticut · Sep 26, 2016
 D
Markey, Edward J.
Massachusetts · Sep 8, 2016
 D
Klobuchar, Amy
Minnesota · Apr 27, 2016
Burr, Richard
· Mar 17, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2703: ABLE Financial Planning Act. 114th Congress. Open America. https://openamerica.io/bill/114-S-2703/
MLA
"S. 2703: ABLE Financial Planning Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-2703/.
Bluebook (legal)
S. 2703, 114th Cong. (2026), https://openamerica.io/bill/114-S-2703/.
Markdown link
[S. 2703: ABLE Financial Planning Act](https://openamerica.io/bill/114-S-2703/)
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