Wednesday, April 5, 2017
Disability
Senators Introduce Bipartisan Legislation to Expand ABLE Accounts
Senator Richard Burr - (R - NC)
April 4, 2017
Senators Richard Burr (R-NC), Bob Casey (D-PA), and Chris Van Hollen (D-MD) introduced a package of bills aimed at enhancing the ABLE Act. The ABLE to Work Act builds on the success of the ABLE Act by making it possible for disabled people who work to save a portion of their income in an ABLE account without risking loss of benefits. These bills will also allow rollovers from 529 college savings plans as well as raise the age for eligibility from 26 to 46. Representatives Cathy McMorris Rogers (R-WA), Pete Sessions (R-TX), and Tony Cardenas (D-CA), introduced companion legislation in the House of Representatives.
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