SB2522: ABLE MATCH (Making Able a Tool to Combat Hardship) Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Internal Revenue Code of 1986 to provide matching payments for ABLE account contributions by certain individuals, and for other purposes.
Plain-language summary
This bill would amend federal tax law to allow matching payments into ABLE accounts for certain individuals. ABLE accounts let people with disabilities save money without losing government benefits like Medicaid or SSI. The matching payments would work like employer matches to 401(k) plans, where the government adds money when account holders contribute their own funds. The bill is currently in the introduction stage, meaning it has been formally submitted but not yet assigned to a for review.
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SB2522: ABLE MATCH (Making Able a Tool to Combat Hardship) Act
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Sponsors
Robert Casey
Primary SponsorCo-sponsors (4)
Ron Wyden
Amy Klobuchar
Bernard Sanders
Tammy Duckworth