S 4911
118th Congress
Senate
Taxation
ABLE Employment Flexibility Act
Introduced: July 31, 2024
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 31, 2024
Read twice and referred to the Committee on Finance.
Jul 31, 2024
Introduced in Senate
Plain-English summary
ABLE Employment Flexibility Act
This bill permits employers to make tax-exempt contributions to ABLE (Achieving Better Life Experience) accounts in lieu of making contributions to existing tax-exempt defined contribution retirement plans. An ABLE account pays 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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1