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Veterans Support: Easier Access to ABLE Accounts

New rules make it easier for disabled veterans to use ABLE savings accounts. Contributions to these accounts will no longer affect their ability to engage in substantial gainful activity, potentially helping veterans maintain benefits while saving for the future.
Key points
Contributions to ABLE accounts by disabled veterans will not reduce their disability benefits.
The act aims to encourage veterans to save without fear of losing essential benefits.
The changes will take effect six months after the act's enactment.
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Additional Information
Print number: 117_HR_3444
Sponsor: Rep. Scott, Austin [R-GA-8]
Process start date: 2021-05-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

ABLE Accounts for Veterans Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3444.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-20.

What are the main provisions?

Key points include:

  • Contributions to ABLE accounts by disabled veterans will not reduce their disability benefits.
  • The act aims to encourage veterans to save without fear of losing essential benefits.
  • The changes will take effect six months after the act's enactment.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Scott, Austin [R-GA-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Benefits Taxes