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Increasing Age Limit for ABLE Savings Programs

This act raises the age limit for individuals eligible to open ABLE savings accounts from 26 to 46. This change allows more people with disabilities to save money without losing their public benefits, making it easier for them to manage their finances for the future.
Key points
Increases the age of eligibility for ABLE accounts from 26 to 46.
More individuals with disabilities can save money tax-free for qualified expenses.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_331
Sponsor: Sen. Casey, Robert P., Jr. [D-PA]
Process start date: 2021-02-22
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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 Age Adjustment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_331.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-02-22.

What are the main provisions?

Key points include:

  • Increases the age of eligibility for ABLE accounts from 26 to 46.
  • More individuals with disabilities can save money tax-free for qualified expenses.
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 Sen. Casey, Robert P., Jr. [D-PA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

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