S. 4911 · 118th Congress · Senate

ABLE Employment Flexibility Act

Active· Read twice and referred to the Committee on Finance.
Introduced
Jul 31, 24
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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. 

Action Timeline

2
  1. JUL 31, 2024IntroReferral

    Introduced in Senate

  2. JUL 31, 2024IntroReferral

    Read twice and referred to the Committee on Finance.

Committees

1

Finance Committee

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Referred: Jul 31, 2024

Active