HR 4672
117th Congress
House
Taxation
ABLE Employment Flexibility Act
Introduced: July 22, 2021
Introduced by:
Suozzi, Thomas R.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 22, 2021
Referred to the House Committee on Ways and Means.
Jul 22, 2021
Introduced in House
Plain-English summary
ABLE Employment Flexibility Act
This bill permits employers to make tax-exempts contributions to ABLE (Achieving Better Life Experience) accounts in lieu of making contributions to existing tax-exempt defined contribution retirement plans. An ABLE account is established to pay the expenses (e.g., food, education, housing, transportation, employment training and support, and health care expenses) of a designated beneficiary who is disabled.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1