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- S.816
S.816: ABLE Financial Planning Act
About This Bill
- Introduced April 4, 2017
- Latest Major Action April 4, 2017
Bill Sponsor
Bill Cosponsors
7 (5 Democrats, 2 Republicans)
Bill Version
- Introduced in Senate - April 4, 2017
Bill Summary
ABLE Financial Planning Act This bill amends the Internal Revenue Code to allow tax-free rollovers of amounts in qualified tuition programs (529 plans) to qualified ABLE programs. (Tax-favored ABLE [Achieving a Better Life Experience] accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses.)
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 4, 2017 |
Read twice and referred to the Committee on Finance.
|
| April 4, 2017 |
Introduced in the Senate by Bob Casey (D-Pa.) |